Alcoa

Saudi’s Ma’aden Inks Agreement to Supply Aluminium Parts with Domestic Automaker

Saudi’s Ma’aden Inks Agreement to Supply Aluminium Parts with Domestic Automaker

Riyadh’s Saudi Arabian Mining Company (Ma’aden) announced a partnership last month with the Saudi Arabia National Automotive Manufacturing Company (SANAM) to increase the aluminium content in vehicles made in the Kingdom of Saudi Arabia. Details were sparse, but the company indicated that...

Events

Alumina and Rolled Products Buoy Alcoa’s Fourth-Quarter Results

Alcoa Corporation released fourth-quarter results yesterday. Although earnings missed estimates for the quarter, the firm still turned in strong results to end 2016. For the quarter ending December 31, Alcoa reported a net loss of US$125 million. The firm chalks up the loss to measures taken to streamline the portfolio. When special items are taken […]

Alcoa Seals Deal to Keep Portland Aluminium Open

The Alcoa Corporation announced late yesterday that it has come to an agreement with the Australian and Victorian government that will keep the Portland smelter open and allow it to restart the capacity damaged in last month’s power outage. In the same announcement, Alcoa revealed that it has also come to an agreement with AGL […]

Power Deal Imminent for Alcoa’s Portland Smelter

A light is now shining at the end of the negotiating tunnel for Alcoa’s smelter in Portland, Victoria after Australian power giant AGL Energy, Alcoa, and the relevant government agencies released a statement indicating that the parties are on the verge of an agreement on affordable power for the troubled plant. “Significant progress has been […]

Portland Smelter Workers Offered More Leave

The future of Alcoa’s smelter in Portland, Australia continues to remain uncertain after the firm offered additional annual leave. The smelter has been operating at one-quarter capacity, was damaged last month after a brief loss of power allowed aluminium to solidify along one of the plant’s two potlines. Although the Victorian Government and Alcoa did […]