Alumina Limited
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Alumina Limited
(NYSE:AWC)
(Australian:AWC)
|
Level 12, IBM Centre, 60 City Rd. Southbank, Victoria 3006, Australia Tel. +61-3-8699-2600 Fax +61-3-8699-2699 |
Type: Public
On the web:
http://www.aluminalimited.com
Employees:
7,880
Employee growth: (0.6%)
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 spinoff from WMC Resources.
Key numbers for fiscal year ending December, 2011:
Sales: $0.2M
One year growth: (94.3%)
Net income: $126.6M
Income growth: 265.9%
Officers:
Chairman: Donald M. Morley
CEO and Executive Director: John Bevan
CFO: Judith Downes
Competitors:
BHP Billiton
Rio Tinto Alcan
RUSAL
Wikipedia on Answers.com:
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Alumina Limited
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| Type | Public (ASX: AWC NYSE: AWC) |
|---|---|
| Founded | 2003 |
| Headquarters | Southbank, Victoria |
| 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 17% 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 Bevan 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].
See also
- Alcoa
- Aluminium oxide
- Alumina
- Alcoa World Alumina and Chemicals
- List of Alumina Refineries
- List of aluminium smelters
References
External links
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