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Alumina Limited

From Wikipedia, the free encyclopedia

Alumina Limited
ASX: AWC
IndustryMining
PredecessorWestern Mining Corporation
Founded11 December 2002
Headquarters
Melbourne
,
Australia
Key people
W Peter Day (Chairman)
Mike Ferraro (Managing Director)
ProductsAluminium, bauxite
$147 million (2020)
SubsidiariesAlcoa World Alumina & Chemicals (40%)
Websitewww.aluminalimited.com

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.

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Transcription

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]

References

  1. ^ Demerger effective following court appeal Western Mining Corporation 3 December 2002
  2. ^ Annual Report for year ended 31 December 2020 Alumina
  3. ^ Alumina gets a win for the mouse that roared AFR 2 September 2016
  4. ^ Alumina Limited Delisting Information Alumina
  5. ^ Alumina Limited to delist from NYSE Alumina 6 February 2014

External links

This page was last edited on 11 April 2024, at 09:39
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