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Alumina Limited is listed on the OTC Market Groups, and this article stated that it was listed in the NYSE, which was not the case. I have provided references for this, and there is ample proof for this online.
m Fixed redundancy (via WP:JWB)
 
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{{Use dmy dates|date=November 2019}}
{{Infobox company
{{Infobox company
⚫
| name = Alumina Limited
|name =
| logo = Alumina Limited.svg
|traded_as = {{ASX|AWC}}
| logo_size = 200px
⚫
|logo = Alumina Limited.svg
| type = [[Public company|Public]]
|former_name =
| traded_as = {{unbulleted list|{{asx|AWC}}|{{OTCQB|AWCMY}}}}
|industry = [[Mining]]
| foundation = 2003
|predecessor = [[WMC Resources|Western Mining Corporation]]
| location = [[Southbank, Victoria|Southbank]], [[Melbourne]], Victoria, Australia
|foundation = 11 December 2002
| key_people =
|founder =
⚫
| area_served =
|defunct =
| industry =
|location_city = [[Melbourne]]
| products =
|location_country = Australia
⚫
| revenue =
⚫
|area_served =
⚫
| operating_income =
|key_people = W Peter Day (Chairman)<br>Mike Ferraro (Managing Director)
| net_income =
|products = [[Aluminium]], [[bauxite]]
⚫
| num_employees =
⚫
|revenue =
| parent =
|revenue_year =
| subsid =
⚫
|operating_income =
⚫
| homepage = [http://www.aluminalimited.com/ www.aluminalimited.com]
|income_year =
| footnotes =
| intl = yes
|net_income = $147 million
|net_income_year = 2020
}}
⚫
|num_employees =
|divisions =
⚫
|subsid = [[Alcoa World Alumina & Chemicals]] (40%)
⚫
|homepage = [https://www.aluminalimited.com/ www.aluminalimited.com]}}


'''Alumina Limited''' is a public company listed on the [[Australian Securities Exchange|Australian]] and [[OTC Markets Group]]s. It was formed in 2003 in a demerger from [[Western Mining Corporation]], and is one of the top 100 companies on the ASX (by market capitalization).
'''Alumina Limited''' is an Australian [[holding company]]. [[Corporate spin-off|Spun off]] from [[WMC Resources|Western Mining Corporation]] in 2002, its sole asset is a 40% shareholding in [[Alcoa World Alumina & Chemicals]].


==History==
Alumina's only business activity is as the owner of a 40% share in a joint venture with [[Alcoa]] called '''[[Alcoa World Alumina and Chemicals]]''' (AWAC). AWAC's business is the mining of [[bauxite]], the extraction of [[alumina]] (aluminium oxide) and the smelting of pure [[aluminium]]. It has about 17% of the global alumina market. Alcoa owns the remaining 60% of the business and acts as day-to-day manager.
Alumina was founded in December 2002 when [[WMC Resources|Western Mining Corporation]] [[Corporate spin-off|spun off]] its [[aluminium]] and [[bauxite]] assets.<ref>[https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=text&issuerId=1384&announcementId=720831&documentDate=2002-12-02&documentNumber=198674 Demerger effective following court appeal] [[WMC Resources|Western Mining Corporation]] 3 December 2002</ref>


Alumina's only business activity is as the owner of a 40% share in [[Alcoa World Alumina & Chemicals]] (AWAC), a joint venture with [[Alcoa]].
In Australia, AWAC trades as '''Alcoa of Australia''' (AoA), which owns two [[bauxite]] mines and three [[Refining (metallurgy)|refineries]] (to extract aluminium oxide from bauxite) in [[Western Australia]] and owns a [[smelter]] (to extract pure aluminium metal) and has a controlling interest in another in [[Victoria (Australia)|Victoria]].
AWAC owns two bauxite mines and three [[Refining (metallurgy)|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.<ref>[https://www.asx.com.au/asxpdf/20210331/pdf/44v4m2fls8v9kj.pdf Annual Report for year ended 31 December 2020] Alumina</ref>


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.<ref>[https://www.afr.com/opinion/alumina-gets-a-win-for-the-mouse-that-roared-20160902-gr73to Alumina gets a win for the mouse that roared] AFR 2 September 2016</ref>
AWAC also has operations or interests in [[Texas]], [[Suriname]], [[Jamaica]], [[Brazil]], [[Spain]], [[Guinea]], and owns '''Alcoa Steamship'''.


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.<ref>[https://www.aluminalimited.com/uploads/ASX-announcement-2014-06-NYSE-Delisting_1.pdf Alumina Limited Delisting Information] Alumina</ref><ref>[https://www.asx.com.au/asxpdf/20140206/pdf/42mksr0xwlsn08.pdf Alumina Limited to delist from NYSE] Alumina 6 February 2014</ref>
Alumina's [[Chief Executive Officer]] is John Bevan and the board is chaired by Donald Morley.

Given that the management of Alumina's assets is performed entirely by other companies, their extensive governance structure and regular board meetings have attracted adverse comment. Internet publication [[Crikey]] describe Alumina's board as "corporate Australia's cosiest and most expensive lunch club".<ref>[http://www.crikey.com.au/2006/03/24/the-lunch-club-continues-at-alumina/ The lunch club continues at Alumina]</ref>

Alumina Limited formally delisted from the 'New York Stock Exchange', prior to the opening of trading in February of 2014. This was because they were already in an American Stock Exchange (OTC Markets Group). Hence the were only present in the Australian Stock Exchange (ASX).
<ref>[https://www.aluminalimited.com/uploads/ASX-announcement-2014-06-NYSE-Delisting_1.pdf Alumina Limited Delisting Information]</ref>
<ref>[https://www.aluminalimited.com/delisting-from-the-nyse/ Alumina Limited 2014-06 Delistment]</ref>
<ref>[https://www.google.com/search?q=OTCMKTS:AWCMF&tbm=fin#scso=uid_JXPiWsurF4qM8wWbk4KYCA_5:0]</ref>

==See also==
* [[Alcoa]]
* [[Aluminium oxide]]
* [[Alumina]]
⚫
* [[Alcoa World Alumina and Chemicals]]
* [[List of Alumina Refineries]]
* [[List of aluminium smelters]]


==References==
==References==
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==External links==
==External links==
* [http://www.aluminalimited.com Alumina Limited]
*[http://www.aluminalimited.com Company website]


{{Business in Australia |state=autocollapse}}
{{Mining companies of Australia}}
{{Mining companies of Australia}}
{{S&P/ASX 200}}


[[Category:Mining companies of Australia]]
[[Category:Aluminium companies of Australia]]
[[Category:Companies listed on the Australian Securities Exchange]]
⚫
[[Category:Aluminium companies]]
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[[Category:Non-renewable resource companies established in 2003]]
[[Category:Companies based in Melbourne]]
[[Category:Companies based in Melbourne]]
[[Category:Companies formerly listed on the New York Stock Exchange]]
[[Category:Companies formerly listed on the New York Stock Exchange]]
[[Category:2003 establishments in Australia]]
[[Category:Companies listed on the Australian Securities Exchange]]
⚫
[[Category:Dual-listed companies]]
[[Category:Holding companies of Australia]]
⚫
[[Category:Non-renewable resource companies established in 2002]]
[[Category:2002 establishments in Australia]]

Latest revision as of 09:39, 11 April 2024

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.

History

[edit]

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

[edit]
  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
[edit]
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