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Alumina Limited

 
Hoover's Profile: Alumina Limited
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(NYSE:WMC) (Australian:AWC)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Alumina Limited
IBM Tower, 60 City Rd., Level 12
Southbank, Victoria 3006, Australia
Tel. +61-3-8699-2600
Fax +61-3-8699-2699

Type: Public
On the web: http://www.aluminalimited.com

Alumina Limited has some strong bonds in the alumina industry. Operating through its 40% stake in joint venture Alcoa World Alumina and Chemicals (AWAC, 60% owned by Alcoa), which manufactures alumina, alumina-based chemicals, and aluminum. AWAC is considered the world's largest producer of alumina (a refined product of bauxite ore used in making aluminum) and a major producer of alumina-based chemicals. The alumina produced by AWAC is sold mainly to Alcoa's smelting facilities. Overseas customers in Canada, Europe, the Middle East, South Africa, and the US purchase the rest of the alumina. Alumina Limited was formed in 2002 as a result of a spin-off from WMC Resources.

Officers:
Chairman: Donald M. Morley
CEO and Director: John Bevan
CFO: Judith Downes

Competitors:
BHP Billiton
Rio Tinto Alcan
RUSAL

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Alumina Limited
Type Public (ASX: AWC NYSE: AWC)
Founded 2003
Headquarters Flag of Australia Australia
Website www.aluminalimited.com

Alumina Limited ASX: AWC NYSE: AWC is a public company listed on the Australian and New York Stock Exchanges. It was formed in 2003 in a demerger from Western Mining Corporation, and is one of the largest companies on the ASX.

Alumina's only business activity is as the owner of a 40% share in a joint venture with Alcoa called Alcoa World Alumina and Chemicals, abbreviated to AWAC. AWAC's business is the mining of bauxite, the extraction of alumina (aluminium oxide) and the smelting of pure aluminium. It has about 25% of the global alumina market. Alcoa owns the remaining 60% of the business and acts as day-to-day manager.

In Australia, AWAC trades as Alcoa of Australia (AoA), which owns two bauxite mines and three refineries (to extract aluminium oxide from bauxite) in Western Australia and owns a smelter (to extract pure aluminium metal) and has a controlling interest in another in Victoria.

AWAC also has operations or interests in Texas, Suriname, Jamaica, Brazil, Spain, Guinea, and owns Alcoa Steamship.

Alumina's Chief Executive Officer is John Marlay and the board is chaired by Donald Morley.

Given that the management of Alumina's assets is performed entirely by other companies, their extensive governance structure and regular board meetings have attracted adverse comment. Internet publication Crikey describe Alumina's board as "corporate Australia's cosiest and most expensive lunch club" [1].

References

  1. ^ [1]

See also

External links


This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)

 
 

 

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