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Alumina Limited

Traded as	ASX: AWC
Industry	Mining
Predecessor	Western Mining Corporation
Founded	11 December 2002; 21 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.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. 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.^[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]

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.^[6] The acquisition was completed in August.^[7]

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

Company website

Mining companies of Australia

Active

Defunct

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Use dmy dates from November 2019