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Alumina Ltd (AWC.AX)

AWC.AX on Australia Stock Exchange

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22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Alumina responds to Alcoa's U.S. Securities and Exchange Commission filing
Wednesday, 29 Jun 2016 06:29pm EDT 

Alumina Ltd : Alcoa separation plan confirms Alumina's contention . Remains committed to pursuing its rights under the AWAC arrangements, with court having set trial date of September 20, 2016 . Responds to Alcoa filing with U.S. SEC, in which Alcoa describes the proposed spinoff of its upstream business . Remains firm on its consent and option rights .  Full Article

Alumina files 'Answer And Counterclaim' in US proceedings
Sunday, 26 Jun 2016 08:08pm EDT 

Alumina Ltd : Alumina files 'answer and counterclaim' in US proceedings . Says Alumina refutes all substantive elements of alcoa's claim . Alumina has refuted all substantive elements of alcoa's claim and made its own counterclaim . Alumina will seek to assume rights in respect of the sale of its equity share of Alumina and bauxite produced by awac . Alumina counterclaims that alcoa's planned `separation' would breach awac joint venture agreements and cannot proceed without alumina's consent . Alumina is seeking court declarations to prevent Alcoa taking further steps in its separation without alumina's consent . Says alcoa's reliance on the previous western mining corporation (wmc) demerger as a defence is without merit .  Full Article

Alumina comments on Alcoa's proposed corporate separation
Sunday, 29 May 2016 08:07pm EDT 

Alumina Ltd : Alumina Limited acts to protect shareholders' interests in relation to proposed Alcoa separation . Considered the implications for its shareholders and for the AWAC joint venture of Alcoa inc.'s proposed corporate separation . Alumina has raised these concerns with Alcoa and has proposed amendments to the AWAC joint venture agreements . Alcoa filed application in chancery court in Delaware seeking declarations regarding alumina's rights in context of Alcoa demerger . Considers that Alcoa's demerger proposal triggers consent and 'first offer' rights in favour of Alumina under the AWAC arrangements . Says Alumina will defend the proceedings brought by Alcoa . Has serious concerns that proposal as described by Alcoa will result in a material adverse change in the nature, size, scope and financial wherewithal of co's partner in AWAC .Alumina considers it is entitled to receive various offers, including for the Alcoa interest in AWAC companies.  Full Article

Alumina says AWAC signed bauxite supply contracts
Wednesday, 6 Apr 2016 09:09pm EDT 

Alumina Ltd:Awac signs bauxite supply contracts.Signed bauxite supply contracts from existing mines with customers in China, Europe and Brazil worth more than $350 million over two years.  Full Article

Lazard Asset Management Pacific Co becomes initial substantial holder of Alumina Limited
Friday, 12 Jun 2015 03:27am EDT 

Alumina Limited:Says that Lazard Asset Management Pacific Co becomes initial substantial holder of the company effective June 10 with 141,076,988 ordinary shares and 5.03 pct voting power.  Full Article

Alumina Ltd announces filing of Form 15F to deregister in the United States under Securities Exchange Act of 1934
Wednesday, 4 Mar 2015 05:13pm EST 

Alumina Ltd:Says that it has filed Form 15F with United States Securities and Exchange Commission (the SEC) with the intention of deregistering and terminating its reporting obligations under Section 13(a) and Section 15(d) of Securities Exchange Act of 1934, as amended (the Exchange Act).Expects that termination of its duty to file reports will become effective 90 days after filing of Form 15F with SEC.However, as a result of this filing, Alumina's reporting obligations with the SEC, including its obligations to file annual reports on Form 20−F and reports on Form 6−K, will immediately be suspended.Says that its ordinary shares will continue to be listed and trade on Australian Stock Exchange under symbol AWC.  Full Article

Alumina Ltd gives FY 2015 production guidance - Conference Call
Wednesday, 25 Feb 2015 06:00pm EST 

Alumina Ltd:Expects FY 2015 production guidance of 15.2 mln tons.  Full Article

Alumina Ltd declares fully franked dividend
Wednesday, 25 Feb 2015 04:54pm EST 

Alumina Ltd:Declares a fully franked dividend of US$0.016 per share.Payable on March 25 of record date March 5.  Full Article

Alumina Ltd announces ownership interest of Perpetual Limited and subsidiaries
Tuesday, 2 Dec 2014 12:34am EST 

Alumina Ltd:Says that Perpetual Limited and subsidiaries has an interest in 141,087,759 ordinary shares of the company, representing 5.03 pct. of total voting power.  Full Article

Alumina Limited and Alcoa Inc announces completion of sale of AWAC’s stake in Jamalco Refinery
Monday, 1 Dec 2014 06:15pm EST 

Alumina Limited and Alcoa Inc:Says that Alcoa World Alumina LLC(AWA) has completed the sale of its 55 per cent interest in the Jamalco alumina refinery in Jamaica, to Noble Group Limited (Noble) for a cash consideration of $140 million.Says AWA will provide compensated management services to Jamalco for a period of three years from closing.AWAC (which includes AWA) is a joint venture between Alumina Limited and Alcoa Inc.AWAC is 60 pct. owned and managed by Alcoa Inc and 40 pct. owned by Alumina Limited.  Full Article

UPDATE 4-Alcoa spins off smelting business; aero, auto unit now 'Arconic'

CHICAGO, June 29 Metals company Alcoa Inc said on Wednesday it will spin off its traditional aluminum smelting business as part of its planned company split, with up to 19.9 percent of the new company owned by its business that serves aerospace and transportation industries.