Aluminium smelter and alumina refiner Alcoa has posted a net loss of $221 million for the third quarter of 2019. As part of the results, Alcoa announced that it would review smelting and refining capacity and look into potential asset sales. With a total revenue of $2.6 billion, the New York stock exchange listed company … Continue reading Global aluminium firm posts loss
The Victorian government has said that Alcoa’s Portland smelter has restored production capacity lost following a power outage in December last year that they say will boost the confidence for manufacturing workers and local businesses. Premier Daniel Andrews and Member for Western Victoria Gayle Tierney met Alcoa workers and contractors to celebrate completion of the … Continue reading Alcoa smelter production capacity restored
The federal government will provide $30 million for Alcoa as part of a $230 million deal for the company’s troubled aluminium smelter in Portland, Victoria, according to the ABC. Prime minister Malcolm Turnbull and Victorian premier Daniel Andrews jointly announced the bailout this morning that also involves a four-year electricity deal with the energy company … Continue reading Alcoa relief as federal, state governments seal bailout deal
An in-principle agreement to save Alcoa’s Portland aluminium smelter has been reached between the Victorian government and AGL, which could potentially turn things around for the beleaguered aluminium smelting project. According to the AFR, the parties agreed on $200 million agreement on the price and terms of electricity provision for the smelter. The Victorian government … Continue reading Alcoa plant thrown a lifeline
AGL has been warned that an unreasonable deal on power for the troubled Alcoa Portland smelter could hurt the power company’s reputation, with a decision on the future of the aluminium plant expected to come in the next fortnight.
Aluminium giant Alcoa will not rebuild the 35 house which were destroyed by the recent bushfire at Waroona and Yarloop in Western Australia.
A WA state politician has called for an independent inquiry into the treatment of workers at Alcoa’s Wagerup alumina refinery during the recent bushfire.
Alcoa Australia’s President Alan Cransberg will retire after 35 years with the aluminium maker.
White asbestos has been found at Alcoa’s Pinjarra refinery in Western Australia and workers at the facility may have been exposed to it, according to the AMWU.
Jobs may be lost at the Point Henry aluminium smelter in Geelong because of production cuts by Alcoa.
The Australian managing director of Alcoa, Alan Cransberg, has called for Australia to use its natural gas supply more effectively.
The potential closure of Royal Dutch Shell’s Geelong refinery – which its management admits is “borderline” – highlights competitiveness issues, reports the Australian Financial Review.
Alcoa is confident it can operate its Point Henry aluminium smelter until at least 2014, following an earlier business review casting doubt on the future of the manufacturer.