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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 is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling.
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.
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.
Alcoa , the largest producer of aluminum in the U.S., was once a bellwether with a $40 billion market capitalization whose quarterly performance gave us a real sense of economic conditions at home ...
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.
It was operated by Alcoa World Alumina and Chemicals Australia, a joint venture between Alcoa (60%) and Alumina Limited (39.25%). [2] Alumina was brought in by ship and unloaded at a dedicated pier , and approximately half of this finished aluminium was sold to the neighbouring Alcoa Australia Rolled Products plant, where aluminium was rolled ...