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Alcoa World Alumina and Chemicals is a owned 100% by Alcoa Corp. and is abbreviated to AWAC. AWAC's business is the mining of bauxite, [1] the extraction of alumina (aluminium oxide) and the smelting of aluminium. It has about 25% of the global alumina market. Alcoa acts as the day-to-day manager.
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.
Alcoa Inc. announced a hostile take over bid for its progeny on 7 May 2007, in a deal worth US$27 billion. The combined companies would have formed the largest aluminum producer in the world. On 22 May 2007, Alcan's board of directors unanimously recommended that shareholders reject Alcoa's unsolicited offer to acquire Alcan.
Alcoa Corporation (NYSE:AA) shares are trading higher on premarket Thursday. On Wednesday, the company reported third quarter sales of $2.904 billion, missing the consensus of $2.967 billion.
First Alumina Sets Sail for Ma'aden Alcoa Joint Venture's Fully Integrated Aluminum Manufacturing Complex in Saudi Arabia NEW YORK & PERTH, Australia--(BUSINESS WIRE)-- The first shipment of ...
Solid demand for bauxite and alumina products from customers and Alcoa's (AA) pricing actions and focus on improving operational efficiency are anticipated to have boosted its Q1 earnings.
In 2005, Alcoa began construction in Iceland on Alcoa Fjarðaál, a state-of-the-art aluminum smelter and the company's first greenfield smelter in more than 20 years, [52] albeit under heavy criticism by local and international NGOs related to a controversial dam project exclusively dedicated to supplying electricity to this smelter. The ...
Alcoa Reports Loss From Continuing Operations Of $0.13 Per Share; Income Of $0.03 Per Share Excluding Special Items Solid Revenue Despite Lower Aluminum Prices;Continued Record Results in Mid and ...