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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
02/05/201616:27:17Initial Statement of Beneficial Ownership (3)
02/05/201616:24:35Initial Statement of Beneficial Ownership (3)
02/05/201616:17:10Initial Statement of Beneficial Ownership (3)
02/04/201616:57:38Current Report Filing (8-k)
02/04/201615:08:04Statement of Changes in Beneficial Ownership (4)
02/04/201614:46:47Statement of Changes in Beneficial Ownership (4)
02/04/201611:47:09Statement of Changes in Beneficial Ownership (4)
02/01/201617:31:28Amended Current Report Filing (8-k/a)
02/01/201610:30:00Alcoa Reaches Deal With Elliott on Board Members
02/01/201609:57:16Amended Statement of Beneficial Ownership (sc 13d/a)
02/01/201609:00:00Alcoa to Appoint Three New Directors to Its Board
01/28/201608:30:00Alcoa Wins Fourth Boeing Contract in String of Recent Deals
01/25/201611:00:00Elliott Boosts Alcoa Stake to 7.3%
01/25/201609:07:42Amended Statement of Beneficial Ownership (sc 13d/a)
01/22/201606:10:54Current Report Filing (8-k)
01/21/201616:44:34Statement of Changes in Beneficial Ownership (4)
01/21/201616:43:15Statement of Changes in Beneficial Ownership (4)
01/21/201616:41:30Statement of Changes in Beneficial Ownership (4)
01/21/201616:40:13Statement of Changes in Beneficial Ownership (4)
01/21/201616:38:31Statement of Changes in Beneficial Ownership (4)

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