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Alcoa, Alumina settle dispute, clearing hurdle to Alcoa splitAlcoa Inc and Alumina Ltd have settled a dispute and agreed to reshape their joint venture, removing an obstacle to Alcoa's plan to split into two companies and making its Australian partner a more attractive takeover target. More… |
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Low aluminium prices hurt Alcoa Q2 profitAlcoa on Monday reported a lower quarterly net profit, with falling aluminium and alumina prices pressuring revenue while plant operations have been scaled back ahead of a spinoff of its traditional smelting business later this year. More… |
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Alcoa spins off upstream smelting businessMetals company Alcoa Inc said on Wednesday that its planned split will consist of a spinoff of its traditional upstream smelting business, and that up to 19.9 percent of the new company will be owned by its value-added business that serves the a More… |
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Alcoa wins $1bn contract for Lockheed's F-35 fighter jetsAlcoa Inc said it had got a contract to supply titanium to Lockheed Martin Corp's F-35 Lightning II aircraft. The contract has an estimated value of about $1.1 billion, the company said on Wednesday. Alcoa said More… |
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Ma’aden-Alcoa JV achieves major production milestoneThe Saudi Arabian Mining Company (Ma’aden) and lightweight metals leader Alcoa have achieved a major milestone with the production of the first alumina at their joint venture aluminum complex in Ras Al Khair, Saudi Arabia. T More… |
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Alcoa earnings up on higher aluminium pricesAlcoa reported a stronger-than-expected increase in third-quarter profit as higher aluminum prices and lower costs drove a recovery in its business unit that produces aluminum. In the third quarter, the US company's net income More… |
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Ma'aden, Alcoa start ops at $10.8bn aluminium plantSaudi Arabian Mining Company (Ma'aden) said on Monday its $10.8 billion joint aluminium smelter with US-based Alcoa has started commercial operations. The aluminium plant at Ras al-Khair, on the Gulf coast of the kingdom, had More… |
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Alcoa to pay $384m to settle bribery chargesAlcoa has agreed to pay $384 million to settle charges by the US Securities and Exchange Commission and the US Department of Justice that its subsidiaries bribed foreign government officials, the agencies said on Thursday. The SEC More… |
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Alcoa halts part of Saudi smelterAluminium producer Alcoa Incorporated said the smelter at Ma'aden, Saudi Arabia, which is in its start-up phase, has temporarily stopped production on one of two potlines. The company said the potline was s More… |
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Maaden to start output at aluminium smelterSaudi Arabian Mining Company (Maaden) will start initial production at its 740,000 tonnes per year (tpy) aluminium smelter next month. Maaden and Alcoa teamed up in 2009 to build a $10.8 billion More… |
