Alumina Limited: Difference between revisions
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Alumina's only business activity is as the owner of a 40% share in [[Alcoa World Alumina & Chemicals]] (AWAC), a joint venture with [[Alcoa]]. |
Alumina's only business activity is as the owner of a 40% share in [[Alcoa World Alumina & Chemicals]] (AWAC), a joint venture with [[Alcoa]]. |
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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 |
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> |
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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> |
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> |
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Latest revision as of 09:39, 11 April 2024
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| ASX: AWC | |
| Industry | Mining |
| Predecessor | Western Mining Corporation |
| Founded | 11 December 2002 |
| Headquarters | , Australia |
Key people | W Peter Day (Chairman) Mike Ferraro (Managing Director) |
| Products | Aluminium, bauxite |
| $147 million (2020) | |
| Subsidiaries | Alcoa World Alumina & Chemicals (40%) |
| Website | www.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]- ^ 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
External links
[edit]
- Aluminium companies of Australia
- Companies based in Melbourne
- Companies formerly listed on the New York Stock Exchange
- Companies listed on the Australian Securities Exchange
- Dual-listed companies
- Holding companies of Australia
- Non-renewable resource companies established in 2002
- 2002 establishments in Australia