Alcoa’s upstream unit secures $350m in bauxite supply contracts over 2 yrs
TORONTO (miningweekly.com) – US specialty metals producer Alcoa has secured several bauxite supply contracts, valued at about $350-million, over two years.
The NYSE-listed company, which expected to separate its main upstream and beneficiating downstream business units later this year, on Wednesday advised that it would supply bauxite to external customers from three of its mines located around the world.
Bauxite, an aluminium ore, is the world's primary source of aluminium.
Alcoa World Alumina and Chemicals (AWAC) would service the new contracts with customers in China, Europe and Brazil.
Alcoa was the world’s largest bauxite miner, having produced 45.3-million dry metric tons in 2015. Alcoa owned stakes in seven active bauxite mines, four of which were operated by the company. These mines were strategically located near key Atlantic and Pacific markets, including the Huntly mine, in Australia, the second-largest bauxite mine in the world.
The AWAC group of companies was owned 60% by Alcoa and 40% by Australia-based Alumina Limited.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation