Alumina Limited invests in global bauxite mining, alumina refining and selected aluminium operations through our AWAC (Alcoa World Alumina and Chemicals) joint venture with Alcoa.
One of Australia’s top 100 ASX listed companies, based in Melbourne, we are focussed on delivering value to shareholders through our strategic participation in AWAC.
For more about Alumina Limited visit 'Who We Are'
Alumina Limited owns 40 per cent of AWAC, the world’s largest alumina business with approximately 17 per cent of world production capacity. Our joint venture partner, Alcoa, owns 60 per cent.
While we have a 40 per cent interest in AWAC, Alcoa is responsible for AWAC’s day-to-day management. Over 7,000 people worldwide are employed in AWAC’s operations which include seven bauxite mines, eight alumina refineries and two aluminium smelters as well as a shipping operation that transports alumina, aluminium and raw materials around the world.
In 2010 AWAC produced:
For more about AWAC operations.
Our relationship with Alcoa dates back to the late 1950s with the discovery of bauxite in the Darling Range in Western Australia by the then Western Mining Corporation (WMC Limited). To maximise the combined bauxite and alumina assets, Alcoa and WMC established the AWAC joint venture in 1994.
Alumina Limited was created in 2002 following the demerger of WMC Limited, where the alumina assets were separated from its nickel, copper and fertilizer businesses.
Our joint venture with Alcoa has enabled people to invest directly in extensive bauxite deposits and world-class alumina assets, many of which are positioned in the lowest cost quartile.