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Alcoa Gets Government Funding to Keep Australia Smelter Open

By Robb M. Stewart MELBOURNE--Aluminum giant Alcoa Inc. (AA) said Friday it expects to operate its Point Henry aluminum smelter near Melbourne until at least mid-2014 as it cuts costs and accepts more than A$40 million in government funding in an effort to minimize losses. Alcoa said in a statement it expects to cut about 10% of the workforce at the smelter, which has been hit by weaker metal prices and a strong Australian dollar. Write to Robb M. Stewart at robb.stewart@dowjones.com

Stock News for Alcoa (AA)
DateTimeHeadline
06/30/201609:40:00Alcoa to Supply Embraer in $470 Million Contract
06/30/201608:00:00Alcoa Awarded Multi-year, $470 Million Contract with Embraer
06/29/201608:40:00Alcoa Details Plans to Split
06/29/201608:21:16Current Report Filing (8-k)
06/29/201607:28:00Alcoa Inc. Announces Filing of Initial Form 10 Registration Statement...
06/27/201608:47:09Annual Report of Employee Stock Plans (11-k)
06/27/201608:42:10Annual Report of Employee Stock Plans (11-k)
06/27/201608:36:12Annual Report of Employee Stock Plans (11-k)
06/24/201617:02:18Initial Statement of Beneficial Ownership (3)
06/24/201616:20:15Securities Registration: Employee Benefit Plan (s-8)
06/22/201608:30:00Alcoa to Host Webcast on Form 10 Filing in Connection with Company’s S...
06/06/201603:03:00How a Bold Approach in Commodities Paid Off -- WSJ
05/31/201618:00:00Alcoa's Plans to Split Concern Partner Alumina
05/31/201617:26:04Specialized Disclosure Report (sd)
05/31/201606:06:41Current Report Filing (8-k)
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)

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