Growing the Business
Growth is carefully planned with new production matched to anticipated market demands. It also focuses on low-cost refineries.
In 2014 saw the completion of the joint venture alumina refinery and bauxite mine development with Ma'aden in Saudi Arabia in which AWAC has a 25.1% interest in the refinery and mine. This project will add 450,000 tonnes of low-cash cost alumina production to the AWAC portfolio.
A major plank in Alumina Limited's growth strategy is to work closely with Alcoa to maximise AWAC's performance and ensure sustained growth.
Potential expansion opportunities exist for the Australian and Brazilian refineries.
Part of the growth strategy is to have varied expansion options available across the AWAC global network. This provides the flexibility to meet the growing demand for alumina and aluminium.
Global alumina demand is expected to grow by over 6 per cent per annum over the next 5 years to 2020, growing faster than industrial consumption.
Since 1995, AWAC has steadily increased its alumina production from 9.9 million tonnes per annum to 15.9 million tonnes per annum (2014).
AWAC current (November 2015) alumina production capacity is approximately 16.8 million mtpy.