Alumina Limited
![]() | |
Traded as | ASX: AWC |
---|---|
Industry | Mining |
Predecessor | Western Mining Corporation |
Founded | 11 December 2002; 21 years ago (11 December 2002) |
Headquarters | Melbourne , Australia |
Key people | W Peter Day (Chairman) Mike Ferraro (Managing Director) |
Products | Aluminium, bauxite |
Net income | $147 million (2020) |
Parent | Alcoa |
Subsidiaries | Alcoa World Alumina & Chemicals (40%) |
Website | aluminalimited |
Alumina Limited is an Australian holding company. Spun off from Western Mining Corporation in 2002, its sole asset is a 40% shareholding in Alcoa World Alumina & Chemicals. In 2024, Alcoa acquired Alumina for US$2.2 billion.
History
Alumina was founded in December 2002 when Western Mining Corporation spun off its aluminium and bauxite assets.[1]
Alumina's only business activity is as the owner of a 40% share in Alcoa World Alumina & Chemicals (AWAC), a joint venture with Alcoa. AWAC owns two bauxite mines and three refineries (to extract aluminium oxide from bauxite) in Western Australia and owns a smelter (to extract pure aluminium) and has a 55% interest in the Portland aluminium smelter. AWAC also operates and has interests in Brazil, Guinea, Saudi Arabia and Spain.[2]
In 2016, Alumina Limited achieved great short term authority over its interest in AWAC with more influence over a broader suite of operational and investment decisions.[3]
Having been a dual-listed company with shares on both the Australian Securities Exchange (ASX) and New York Stock Exchange (NYSE), in February 2014 Alumina delisted from the NYSE, consolidating on the ASX.[4][5]
Alcoa announced it would acquire Alumina for $2.2 billion in an all-stock deal in February 2024. As part of the deal Alcoa would gain full ownership of AWAC.[6] The acquisition was completed in August.[7]
References
- ^ Demerger effective following court appeal Western Mining Corporation 3 December 2002
- ^ Annual Report for year ended 31 December 2020 Alumina
- ^ Alumina gets a win for the mouse that roared AFR 2 September 2016
- ^ Alumina Limited Delisting Information Alumina
- ^ Alumina Limited to delist from NYSE Alumina 6 February 2014
- ^ Burton, Melanie; Jain, Eccha (26 February 2024). "US aluminium maker Alcoa makes $2.2 billion offer for Australia's Alumina". Reuters.
- ^ Tibben, Kelsie (1 August 2024). "Alcoa officially acquires Alumina". Australian Mining.
External links
- Company website
- v
- t
- e
- Adbri
- Allegiance Mining
- Allkem
- Alumina
- Aquarius Platinum
- Atlas Iron
- AustSino
- BHP
- Bougainville Copper
- Coal & Allied
- Compass Resources
- Copper Mines of Tasmania
- Energy Resources of Australia
- Fortescue
- GRD
- Hancock Prospecting
- Iluka Resources
- International Ferro Metals
- Leigh Creek Energy
- Macmahon Holdings
- Magellan Metals
- Minara Resources
- Mineral Resources
- Mineralogy
- MMG
- New Hope Group
- Newcrest
- Northern Star Resources
- OceanaGold
- Oz Minerals
- Paladin Energy
- Pilbara Iron
- Pilbara Minerals
- QCoal
- Regis Resources
- Rio Tinto Aluminium
- Rio Tinto
- South32
- St Barbara
- Stonewall Resources
- Thiess
- Tiwest Joint Venture
- Walkabout Resources
- Waratah Coal
- Westgold Resources
- Whitehaven Coal
- Wyloo Metals
- Yancoal