Since the formation of the Alcoa World Alumina and Chemicals (AWAC) partnership in 1995, AWAC has delivered more than A$3.5 billion in dividends and capital returns to Alumina Limited.

In 2004 and 2005 cash dividends paid to Alumina Limited were lower due to AWAC's cashflow being partially utilised to fund capital expenditure.

AWAC is the one of the world's largest alumina producers.

AWAC's alumina production capacity at 2019 is approximately 12.4 million tonnes, a reduction from 17.2 million tonnes per year in 2014 due to AWAC's transformation of its asset portfolio to reduce the groups cash cost position on the international cost curve. This was attained by the full curtailment of production at AWAC's Point Comfort refinery in Texas in 2016 and the announced closure in January 2017 of the Suralco refinery in Suriname.  In 2019, AWAC produced approximately 12.2 million tonnes and 162,000 tonnes of aluminium metal.