Demerger Information
Alumina Limited was formed in December 2002 as a result of the demerger of WMC Limited. The demerger of WMC was approved at a shareholders meeting which resulted in WMC changing its name to Alumina Limited and continuing on with the interest in Alcoa World Alumina and Chemicals (AWAC) bauxite, alumina and aluminium assets. At the time WMC Resources Limited was also formed which held the other interests of WMC in nickel, copper, uranium and fertiliser business.
The Scheme Booklet details the demerger options including information on the tax implications of the demerger