said<\/a>.<\/p>\n\n\n\n\u201cThe acquisition of Alumina Limited strengthens Alcoa\u2019s position as one of the world\u2019s largest bauxite and alumina producers and is expected to result in long-term value creation from greater financial and operational flexibility.<\/p>\n\n\n\n
\u201cI want to thank both the Alcoa and Alumina Limited teams, and our advisors, for full cooperation and diligence in closing this transformational transaction on a very tight schedule.\u201d<\/p>\n\n\n\n
With Alcoa\u2019s acquisition of Alumina, the Alcoa World Alumina and Chemicals (AWAC) joint venture is now fully owned and controlled by Alcoa.<\/p>\n\n\n\n
Alcoa previously held a 60 percent ownership interest in AWAC, which consists of a number of affiliated entities that own, operate or have an interest in bauxite mines and alumina refineries in Australia, Brazil, Spain, Saudi Arabia and Guinea.<\/p>\n\n\n\n
AWAC also has a 55 per cent interest in the Portland aluminium smelter in Victoria, Australia.<\/p>\n\n\n\n
Looking to the Alcoa\u2019s Western Australian assets, the company reaffirmed its commitment to growing the sector.<\/p>\n\n\n\n
\u201cAlcoa operations in Western Australia<\/strong> are a key component of the company\u2019s portfolio, and this acquisition deepens that commitment,\u201d the company said.<\/p>\n","protected":false},"excerpt":{"rendered":"Kelsie Tibben Alcoa aluminium smelter. Image: Alcoa Just five months after announcing its intention to acquire Alumina Limited, Alcoa has now officially taken the reins. Alcoa president and chief executive officer William F. Oplinger welcomed the closure of the $2.8 billion deal, which will increase Alcoa\u2019s ownership of core, Tier 1 assets. \u201cAlcoa is proud … Continue reading “Alcoa officially acquires Alumina”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,7],"tags":[],"class_list":["post-8797","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-2hT","jetpack-related-posts":[{"id":766,"url":"https:\/\/yinghuiinternational.com\/index.php\/2015\/01\/14\/alcoa-in-australia\/","url_meta":{"origin":8797,"position":0},"title":"Alcoa in Australia","author":"yinghui","date":"January 14, 2015","format":false,"excerpt":"Alcoa\u2019s Australian operations represent the world\u2019s largest integrated bauxite mining, alumina refining, aluminium smelting and rolling system. Also operating the country\u2019s largest aluminium recycling plant, Alcoa adds value to Australia\u2019s local, state and national economies at every stage. Alcoa of Australia operates the mines, refineries and smelters, while Alcoa Australia\u2026","rel":"","context":"In "Iron and Steel Industry"","block_context":{"text":"Iron and Steel Industry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/iron-and-steel-industry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8779,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/07\/12\/alcoa-looking-strong-for-year-ahead\/","url_meta":{"origin":8797,"position":1},"title":"Alcoa looking strong for year ahead","author":"yinghui","date":"July 12, 2024","format":false,"excerpt":"ALEXANDRA EASTWOOD Alcoa's Portland aluminium smelter in Victoria. Image: Alcoa Closing its acquisition of Alumina Limited in August will be a key metric for Alcoa as it looks to finish off the remaining half of 2024. The Australian Foreign Investment board approved Aloca\u2019s acquisition of Alumina Limited (ASX: AWC) on\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"Alcoa","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/05\/Aust_-Portland-smelter-1024x680.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/05\/Aust_-Portland-smelter-1024x680.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/05\/Aust_-Portland-smelter-1024x680.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/05\/Aust_-Portland-smelter-1024x680.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":2082,"url":"https:\/\/yinghuiinternational.com\/index.php\/2017\/01\/03\/alcoa-inks-major-bauxite-export-deal\/","url_meta":{"origin":8797,"position":2},"title":"Alcoa inks major bauxite export deal","author":"yinghui","date":"January 3, 2017","format":false,"excerpt":"Alcoa World Alumina and Chemicals (AWAC) has secured its first major third party contract to supply around 400,000 bone dry metric tonnes (bdmt) of bauxite from its Huntly mine in Western Australia. 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The main feature of IMARC 2024 will be the exploration of how industry leaders, innovators and policymakers can help the mining sector expedite\u2026","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/news\/"},"img":{"alt_text":"IMARC will return to Sydney from October 29\u201331, with a packed conference program ready to wow attendees.","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/10\/IMARC-2022-1-1024x684.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/10\/IMARC-2022-1-1024x684.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/10\/IMARC-2022-1-1024x684.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/10\/IMARC-2022-1-1024x684.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":7960,"url":"https:\/\/yinghuiinternational.com\/index.php\/2021\/04\/27\/records-rain-on-south32-in-2021\/","url_meta":{"origin":8797,"position":5},"title":"Records rain on South32 in 2021","author":"yinghui","date":"April 27, 2021","format":false,"excerpt":"By Henry Ballard Illawarra Metallurgical Coal. 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Worsley Alumina, in which South32 owns 86 per cent, is on track to achieve nameplate capacity of 4.7 million tonnes at\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dszs098s1om2l.cloudfront.net\/australianmining.com.au\/2020\/06\/25093537\/South32-illawarra-metallurgical-coal-604x270.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/dszs098s1om2l.cloudfront.net\/australianmining.com.au\/2020\/06\/25093537\/South32-illawarra-metallurgical-coal-604x270.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/dszs098s1om2l.cloudfront.net\/australianmining.com.au\/2020\/06\/25093537\/South32-illawarra-metallurgical-coal-604x270.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=8797"}],"version-history":[{"count":1,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8797\/revisions"}],"predecessor-version":[{"id":8798,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8797\/revisions\/8798"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=8797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=8797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=8797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/secure.gravatar.com\/avatar\/62df330bfb9120a09053fca176edce0b?s=50&d=mm&r=g\")
Kelsie Tibben<\/a><\/p>\n\n\n\n![\"Alcoa](\"https:\/\/www.australianmining.com.au\/wp-content\/uploads\/2020\/12\/Alcoa-Aluminium-smelter-1024x685.png\")
<\/figure>\n\n\n\n