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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
05/22/201508:00:00Alcoa Named Platts Metals Company of the Year
05/20/201512:15:10What Is the S&P 500 Index?
05/13/201517:16:15Current Report Filing (8-k)
05/11/201519:00:00Alcoa to Close the Anglesea Power Station
05/05/201517:18:27Amended Current Report Filing (8-k/a)
05/05/201517:16:44Current Report Filing (8-k)
05/05/201516:05:00Alcoa Executive Vice President & Chief Financial Officer William...
05/01/201511:40:10Alcoa Appoints Patricia Russo Lead Director
05/01/201510:38:00Alcoa Announces Changes to its Board of Directors
05/01/201506:38:54Alcoa Rating Increased to Buy at Standpoint Research (AA)
04/30/201517:16:00Alcoa Board Approves Quarterly Dividends
04/25/201511:00:0310 Most Profitable Companies in Commodities
04/24/201508:30:00Alcoa to Host Webcast of 2015 Annual Meeting of Shareholders
04/23/201515:14:20Quarterly Report (10-q)
04/22/201505:39:48Alcoa Coverage Initiated by Analysts at Cleveland Research (AA)
04/14/201506:31:30Alcoa - Triples Q1 Operating Earnings, Strong Momentum Likely...
04/14/201506:05:15Current Report Filing (8-k)
04/14/201502:14:40Thinking Out Of The Box
04/13/201510:20:072 More Continued Catalysts For Alcoa
04/13/201510:01:33Statement of Changes in Beneficial Ownership (4)

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