Metals and Mining
Company Overview of Alcoa of Australia Limited
Alcoa of Australia Limited is engaged in bauxite mining, alumina refining, and aluminum smelting activities in Australia. The company is engaged in mining bauxite at Huntly and Willowdale, Western Australia; refining bauxite into alumina at Pinjarra and Wagerup, as well as alumina and alumina chemicals at Kwinana, Western Australia; and operating shipping terminals at Kwinana and Bunbury, Western Australia, as well as in Portland, Victoria. It is also engaged in exporting alumina chemicals and aluminum ingots, as well as alumina to customers worldwide. The company was incorporated in 1958 and is based in Perth, Australia. Alcoa of Australia Limited operates as a subsidiary of Alcoa Australia...
Cnr Davy and Marmion Streets
Perth, WA 6154
Founded in 1958
Key Executives for Alcoa of Australia Limited
Chairman, Managing Director and President of Alcoa Refining
Acting Director of Finance, Company Secretary, Director and Acting Director of Finance at Alcoa Refining
Chief Executive Officer of Alcoa Inc and President of Alcoa Inc
President of Alcoa Mining
Director of Corporate Affairs & Human Resources and Director of Corporate Affairs & Human Resources at Alcoa Refining
Compensation as of Fiscal Year 2016.
Alcoa of Australia Limited Key Developments
Alcoa of Australia Limited Announces Consolidated Earnings Results for the First Quarter of 2016
Apr 11 16
Alcoa of Australia Limited announced consolidated earnings results for the first quarter of 2016. Cash used for operations in first quarter 2016 was $430 million, resulting in negative $681 million of free cash flow for the quarter, driven by the normal build in working capital, semiannual interest payments and pension contributions. Alcoa ended the quarter with cash on hand of $1.4 billion. Net income of $16 million, or $0.00 per share; excluding special items, net income of $108 million, or $0.07 per share. Revenue of $4.9 billion, down 15% yearoveryear.
Alcoa of Australia to Close the Anglesea Power Station
May 12 15
Alcoa announced that Alcoa of Australia Limited will permanently close the Anglesea coal mine and power station on August 31, 2015.
Alcoa of Australia Limited Secures Long Term Energy Supply
Apr 10 15
Alumina Limited announced that Alcoa of Australia Limited has secured further long term energy supply for its Australian alumina refineries. This gas supply agreement secures the low cost position of AWAC's1 Australian alumina refining business. This agreement brings to almost 75% the amount of gas now secured by Alcoa of Australia to replace existing gas supply agreements which expire at the end of this decade. The impact of the gas supply agreement on AWAC's alumina production costs will not be material relative to the costs actually incurred in 2014. Alumina Limited believes this is an important initiative that secures AWAC's leading global position in alumina refining. The agreement is conditional on a consortium comprising Brookfield Asset Management Inc. and Macquarie Capital Group Limited completing the acquisition of Apache Energy Limited's Western Australian oil and gas assets in the Carnarvon Basin from Apache Corporation. As part of the gas supply arrangements, Alcoa of Australia will make a prepayment against contracted supply of $500 million. The prepayment will be payable by two installments. The first installment of $300 million is due on closing of the Apache asset sale, expected to be in May 2015. The second installment of $200 million is due in 2016.
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