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Alcoa to Announce Fate of Australia Point Henry Smelter Friday

By Robb M. Stewart MELBOURNE--Alcoa Inc. (AA) said it will announce later Friday the result of a review into the viability of its struggling Point Henry aluminum smelter near Melbourne. The company has been in negotiations with the federal and Victoria state governments over options for the smelter since the review was launched in February. The smelter has been losing money as it has struggled against low metal prices, a high Australian dollar and rising production costs. The Point Henry operation in Geelong employs about 600 people and produces about 190,000 tons of aluminum a year. Norsk Hydro ASA (NHY.OS) said in May it would close its Kurri Kurri plant near Newcastle in Australia's New South Wales state, which employed 344 people and produced about 120,000 tons of aluminum a year. The Norwegian company had already shut one of the three production lines at the operation in January, leading to the loss of 150 jobs. Write to Robb M. Stewart at [email protected]

Stock News for Alcoa (AA)
DateTimeHeadline
01/19/201723:38:00CORRECTING and REPLACING Portland Aluminium Smelter in Victoria...
01/19/201717:04:00Portland Aluminium Smelter in Victoria, Australia to Restart...
01/19/201716:35:19Statement of Changes in Beneficial Ownership (4)
01/19/201716:34:53Statement of Changes in Beneficial Ownership (4)
01/19/201716:33:36Statement of Changes in Beneficial Ownership (4)
01/18/201717:13:43Securities Registration Statement (s-1)
01/11/201720:02:00U.S. Expected to Launch WTO Complaint Against China Over Aluminum...
01/09/201717:00:00Alcoa to Announce Fourth Quarter and Year-End 2016 Results and...
01/04/201717:30:33Current Report Filing (8-k)
01/03/201716:39:00Alcoa Corporation to Permanently Close Suralco Refinery
12/19/201617:00:00Alcoa Secures First Major Export Contract to Supply Bauxite From...
12/15/201616:47:56Initial Statement of Beneficial Ownership (3)
12/15/201616:47:02Amended Statement of Beneficial Ownership (3/a)
12/08/201617:27:59Amended Statement of Beneficial Ownership (sc 13d/a)
12/06/201616:10:00Molly Beerman Named Vice President and Controller of Alcoa Corporation
12/02/201617:37:32Statement of Changes in Beneficial Ownership (4)
12/02/201617:36:40Statement of Changes in Beneficial Ownership (4)
12/02/201617:35:48Statement of Changes in Beneficial Ownership (4)
12/02/201617:35:24Statement of Changes in Beneficial Ownership (4)
12/02/201617:34:04Statement of Changes in Beneficial Ownership (4)

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