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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 robb.stewart@wsj.com

Stock News for Alcoa (AA)
DateTimeHeadline
05/16/201616:40:51Current Report Filing (8-k)
05/12/201616:03:00Alcoa Announces Executive Appointments
05/11/201617:20:58Current Report Filing (8-k)
05/05/201618:33:00Alcoa Declares Dividend on Mandatory Convertible Preferred Stock
05/05/201618:12:44Quarterly Report (10-q)
05/02/201614:00:00Alcoa Reaches Power Agreement to Improve Competitiveness of Intalco...
04/29/201608:30:00Alcoa to Host Webcast of Annual Meeting of Shareholders
04/26/201607:48:05Statement of Changes in Beneficial Ownership (4)
04/22/201606:06:39Current Report Filing (8-k)
04/20/201615:21:54Statement of Changes in Beneficial Ownership (4)
04/20/201615:19:41Statement of Changes in Beneficial Ownership (4)
04/19/201608:14:00Plane Makers' Employees Buffeted Despite Booming Orders
04/17/201620:06:00Big Business Speaks Up on Social Issues
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