 | |
| Traded as | ASX: AWC |
|---|---|
| Industry | Mining |
| Predecessor | Western Mining Corporation |
| Founded | 11 December 2002; 22 years ago (11 December 2002) |
| Headquarters | Melbourne, Australia |
| Key people | W Peter Day (Chairman) Mike Ferraro (Managing Director) |
| Products | Aluminium, bauxite |
| Net income | $147 million (2020) |
| Parent | Alcoa |
| Subsidiaries | Alcoa World Alumina & Chemicals (40%) |
| Website | aluminalimited |
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. In 2024, Alcoa acquired Alumina for US$2.2 billion.
History
Alumina was founded in December 2002 when Western Mining Corporation spun off its aluminium and bauxite assets.
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.
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.
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.
Alcoa announced it would acquire Alumina for $2.2 billion in an all-stock deal in February 2024. As part of the deal Alcoa would gain full ownership of AWAC. The acquisition was completed in August.
References
- 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
- Burton, Melanie; Jain, Eccha (26 February 2024). "US aluminium maker Alcoa makes $2.2 billion offer for Australia's Alumina". Reuters.
- Tibben, Kelsie (1 August 2024). "Alcoa officially acquires Alumina". Australian Mining.
External links
Categories:- Aluminium companies of Australia
- Companies based in Melbourne
- Companies formerly listed on the New York Stock Exchange
- Companies formerly listed on the Australian Securities Exchange
- Dual-listed companies
- Holding companies of Australia
- Non-renewable resource companies established in 2002
- 2002 establishments in Australia
- 2024 mergers and acquisitions