December 25, 2014 10:44 AM ET

Metals and Mining

Company Overview of Alcoa of Australia Limited

Company Overview

Alcoa of Australia Limited, doing business as Alcoa World Alumina Australia, engages in bauxite mining, alumina refining, and aluminium smelting and rolling activities. Its activities include producing alumina and aluminium; operating a coal mine and power station at Anglesea, which supplies electricity to power the Point Henry smelter and rolled products plant; producing rolled aluminium products, such as aluminum can sheets, aluminum coils, aluminum common alloy sheets, aluminum end sheets, and aluminum foils for beverage cans, wine screw tops, pharmaceutical packaging, building materials, road signs, and boats; distributing aluminium truck wheels; and manufacturing and distributing fasten...

Centre Davy and Marmion Streets

Booragoon, WA 

Australia

Founded in 1961

Phone:

61 8 9316 5111

Fax:

61 8 9316 5228

Key Executives for Alcoa of Australia Limited

Chairman and Managing Director
President
Age: 65
Executive Director of Finance & Business Services and Director
Chief Executive Officer of Alcoa Inc and President of Alcoa Inc
Age: 57
President of Global Mining -Alcoa Global Mining
Compensation as of Fiscal Year 2014.

Alcoa of Australia Limited Key Developments

Alcoa of Australia Limited Announces Earnings Results for the Year Ended December 31, 2013

Alcoa of Australia Limited announced earnings results for the year ended December 31, 2013. For the year, the company reported net profit of $259.5 million, compared with $139.7 million in 2012. Sales revenue was up $411.6 million to $3.7 billion.

Alcoa to Close Point Henry Aluminum Smelter and Rolling Mills in Australia

Alcoa announced it will permanently close its Point Henry aluminum smelter and two rolling mills in Australia. The smelter and an adjacent rolling mill are located in Geelong, Victoria. The second mill and a recycling facility are located in Yennora, New South Wales. The smelter will close in August 2014 and the rolling mills by the end of 2014. The Portland Aluminum smelter in Victoria will continue normal operations, as will Alcoa of Australia's bauxite mining and alumina refining operations in Western Australia. Total 2014 restructuring-related charges associated with the closures outlined above are expected to be between $250 million and $270 million after-tax and non-controlling interest. The closures will reduce Alcoa's global smelting capacity by 190,000 metric tons and reduce Alcoa's can sheet capacity by 200,000 metric tons. Including the closure of the Point Henry smelter, Alcoa has announced closures or curtailments representing 551,000 metric tons of smelting capacity, exceeding the 460,000 metric tons placed under review in May 2013. Once the Point Henry closure is complete, Alcoa will have total smelting operating capacity of approximately 3,760,000 metric tons, with approximately 655,000 metric tons, or 17%, of high cost capacity offline.

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