Alumina Limited

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Alumina Limited
ASX: AWC
IndustryMining
PredecessorWestern Mining Corporation
Founded11 December 2002
Headquarters
Melbourne
,
Australia
Key people
W Peter Day (Chairman)
Mike Ferraro (Managing Director)
ProductsAluminium, bauxite
$147 million (2020)
SubsidiariesAlcoa World Alumina & Chemicals (40%)
Websitewww.aluminalimited.com

Alumina Limited is an Australian holding company. Spun off from Western Mining Corporation in 2002, its sole asset is a 40% shareholding in Alcoa World Alumina & Chemicals.

History[]

Alumina was founded in December 2002 when Western Mining Corporation spun off its aluminium and bauxite assets.[1]

Alumina's only business activity is as the owner of a 40% share in Alcoa World Alumina & Chemicals (AWAC), a joint venture with Alcoa. AWAC 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 55% interest in the Portland aluminium smelter. AWAC also has operations or interests in Brazil, Guinea, Saudi Arabia and Spain.[2]

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".[3]

Having been a dual-listed company with shares on both the Australian Securities Exchange (ASX) and New York Stock Exchange (NYSE), in February 2014 Alumina delisted from the NYSE, consolidating on the ASX.[4][5]

References[]

  1. ^ Demerger effective following court appeal Western Mining Corporation 3 December 2002
  2. ^ Annual Report for year ended 31 December 2020 Alumina
  3. ^ The lunch club continues at Alumina Crikey 24 March 2006
  4. ^ Alumina Limited Delisting Information Alumina
  5. ^ Alumina Limited to delist from NYSE Alumina 6 February 2014

External links[]

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