Portland aluminium smelter

Alcoa Corporation Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 18, 2023
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Adjustment, Security (finance), Biodiversity, Inventory, MMP, Kwinana, WA, EDT, AGL Energy, Environmental protection, Public expenditure, AGL, EBITDA, Carbon, GAAP, Maintenance, International Council, ICMM, Rehabilitation, Portland aluminium smelter, Drinking water, Matrix metalloproteinase, DWC, Account, Willowdale, International Council on Mining and Metals, State government, Pharmaceutical industry, Aluminium, Fine chemical, Cryptocurrency, Rare-earth element, Aluminium oxide, Metal

Net loss attributable to Alcoa Corporation was $168 million, or $0.94 per share.

Key Points: 
  • Net loss attributable to Alcoa Corporation was $168 million, or $0.94 per share.
  • Additionally, the third quarter results include the benefit of a $58 million valuation allowance reversal on the deferred tax assets of the Company’s subsidiaries in Iceland.
  • Alcoa disclosed before an August 2023 deadline its progress for applicable facilities, in accordance with the ICMM Conformance Protocol.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Daylight Time (EDT) on Wednesday, October 18, 2023, to present third quarter 2023 financial results and discuss the business, developments, and market conditions.

Alcoa Corporation Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 19, 2023
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Inventory, Maintenance, Matrix metalloproteinase, Account, SAN, WA, Portland aluminium smelter, State government, GAAP, EDT, ASI, Certification, Public expenditure, EPA, Environmental protection, EBITDA, United Steelworkers, Risk, DWC, Sun Indalex Finance, LLC v United Steelworkers, Security (finance), EGA, Adjustment, Willowdale, Cryptocurrency, Aluminium, Pharmaceutical industry, Fine chemical, Insurance, Clothing, Property management, Aluminium oxide, Kwinana

Third-party shipments in the second quarter of 2023 include alumina purchased to offset lower production.

Key Points: 
  • Third-party shipments in the second quarter of 2023 include alumina purchased to offset lower production.
  • Western Australia Mine Plan Approvals: During the second quarter of 2023, the Company continued to work with relevant state government agencies to support the annual mine approvals process.
  • The second quarter 2023 included favorable foreign currency gains of $40 million that may not recur.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Daylight Time (EDT) on Wednesday, July 19, 2023, to present second quarter 2023 financial results and discuss the business, developments, and market conditions.

Alcoa announces Aluminium Stewardship Initiative certification for Portland Aluminium Joint Venture

Retrieved on: 
Thursday, May 25, 2023
Manufacturing, Professional Services, Mining, Minerals, Environmental, Social and Governance (ESG), Natural Resources, Other Manufacturing, Green Technology, Steel, Environment, Machine Tools, Metalworking & Metallurgy, Sustainability, CITIC, Aluminium, Portland aluminium smelter, Certification, ASI, Biodiversity, ESG, Chain of custody, Operation

Alcoa announced today that the Portland Aluminium joint venture in Victoria, Australia, which Alcoa operates, has been recognized for its environmental, social and governance (ESG) performance by the Aluminium Stewardship Initiative.

Key Points: 
  • Alcoa announced today that the Portland Aluminium joint venture in Victoria, Australia, which Alcoa operates, has been recognized for its environmental, social and governance (ESG) performance by the Aluminium Stewardship Initiative.
  • Both the smelting and casthouse operations at Portland Aluminium have earned ASI’s Performance Standard certification, which is the most comprehensive in the aluminum industry.
  • Portland Aluminium is a joint venture between Alcoa of Australia (55%), CITIC (22.5%) and Marubeni Aluminium Australia (22.5%).
  • “Alcoa and its joint venture partners at Portland Aluminium are delighted to have achieved ASI Performance Standard Certification for our Portland smelting and casthouse operations,” said Rob Bear, Acting Vice President of Operations for Alcoa of Australia.

Alcoa Corporation Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, April 19, 2023
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Borrowing base, Maintenance, Portland aluminium smelter, SGA, NMA, Carbon, EDT, Public expenditure, Retirement, EBITDA, Risk, Natural gas, Security (finance), Bauxite, GEI, Renewable energy, Aluminium, Oil, Copper, Pharmaceutical industry, Rare-earth element, SAN, Aluminium oxide, Kwinana

Net loss attributable to Alcoa Corporation of $231 million, or $1.30 per share, improved sequentially.

Key Points: 
  • Net loss attributable to Alcoa Corporation of $231 million, or $1.30 per share, improved sequentially.
  • In the second quarter of 2023, Alcoa expects to record a non-cash settlement charge of approximately $18 million ($13 million after-tax, or $0.07 per share) related to this annuity transaction.
  • Alcoa recently received several recognitions during the first quarter of 2023.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Daylight Time (EDT) on Wednesday, April 19, 2023, to present first quarter 2023 financial results and discuss the business, developments, and market conditions.

Portland Aluminium joint venture in Australia to reduce production

Retrieved on: 
Wednesday, March 15, 2023
Machine Tools, Metalworking & Metallurgy, Mining, Minerals, Manufacturing, Natural Resources, Machinery, Steel, Electricity, Corporation, Instability, Alcoa, AA, NYSE, Portland aluminium smelter, Aluminium

Alcoa Corporation (NYSE: AA) today announced that the Portland Aluminium smelter in the state of Victoria in Australia will begin to immediately reduce its overall production due to operational instability.

Key Points: 
  • Alcoa Corporation (NYSE: AA) today announced that the Portland Aluminium smelter in the state of Victoria in Australia will begin to immediately reduce its overall production due to operational instability.
  • Production at the smelter will be reduced to approximately 75 percent of the site’s total consolidated capacity of 358,000 metric tons per year (mtpy).
  • The smelter, which has a total of 408 pots, had previously been operating at about 95 percent of its total capacity.
  • The smelter has recently faced instability and challenges related to the production of rodded anodes, which are necessary to convey electricity into the smelting pots.

Alcoa Corporation Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Wednesday, January 18, 2023
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Line of credit, Security (finance), State, Public expenditure, EBITDA, DJSI, EST, Oxygen, Credit, Certification, ARO, Net, Dow Jones Sustainability Indices, ASI, Maintenance, Carbon, Warrick, Bauxite, Water, Credit management, ESG, Filtration, Sale, Willowdale, Portland aluminium smelter, Renewable energy, Aluminium, Oil, Life insurance, Airline, Gasoline, Video game, Fine chemical, Iron ore, Kwinana, SAN, Aluminium oxide

The unfavorable sequential impact is $35 million, which includes amounts previously accrued through September 30, 2022 and the absence of any accruals for the fourth quarter 2022.

Key Points: 
  • The unfavorable sequential impact is $35 million, which includes amounts previously accrued through September 30, 2022 and the absence of any accruals for the fourth quarter 2022.
  • Production began in the second quarter 2022, and it is anticipated that it will ship approximately 34,000 metric tons in the first quarter 2023 (Alcoa share).
  • The Company expects lower Alumina Segment Adjusted EBITDA of approximately $55 million per quarter in comparison to the fourth quarter 2022, after excluding $35 million of non-recurrence for the Alumar refinery ARO adjustment and certain other non-recurring expenses from the fourth quarter 2022, starting in the second quarter 2023 and continuing through the fourth quarter 2023.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Standard Time (EST) on Wednesday, January 18, 2023, to present fourth quarter and full year 2022 financial results and discuss the business, developments, and market conditions.

Alcoa Plans to Restart Curtailed Aluminum Smelting Capacity at Portland Aluminium in Australia

Retrieved on: 
Sunday, November 7, 2021
Automotive Manufacturing, Aerospace, Automotive, Manufacturing, Construction & Property, Mining, Minerals, Natural Resources, General Automotive, Steel, Energy, Other Construction & Property, Efficiency, Safety, Private Securities Litigation Reform Act, Alcoa World Alumina and Chemicals, Security (finance), Portland aluminium smelter, AA, AGL, Workforce, Forward-looking statement, Alinta Energy, Trinidad and Tobago Securities and Exchange Commission, History, NYSE, AWAC, Corporation, Alumina Limited, Employment, Aluminium, Alcoa Corporation, Alcoa of Australia, ALCOA CORPORATION, ALCOA OF AUSTRALIA

Alcoa Corporation (NYSE: AA) announced today that the Portland Aluminium joint venture plans to restart 35,000 metric tons per year (mtpy) of curtailed capacity at its aluminum smelter in the State of Victoria in Australia.

Key Points: 
  • Alcoa Corporation (NYSE: AA) announced today that the Portland Aluminium joint venture plans to restart 35,000 metric tons per year (mtpy) of curtailed capacity at its aluminum smelter in the State of Victoria in Australia.
  • Portland Aluminium is an unincorporated joint venture with 358,000 mtpy of total capacity, and Alcoa Corporation has 197,000 mtpy of consolidated capacity.
  • Once the restart is complete, Portland Aluminium will operate at approximately 95 percent of total capacity and Alcoa Corporation will have approximately 186,000 mtpy of its consolidated capacity at Portland operating.
  • When both projects are complete, Alcoa Corporation will have approximately 82 percent of its 2.99 million metric tons of global aluminum smelting capacity operating.

Alcoa Announces Multi-Year Repowering for Australia’s Portland Aluminium Smelter in State of Victoria

Retrieved on: 
Thursday, March 18, 2021
Other Manufacturing, Steel, Engineering, Other Energy, Manufacturing, Alternative energy, Energy, Mining, Minerals, Natural Resources, Alcoa, Chemistry, Physical sciences, Natural sciences, Portland aluminium smelter, Aluminium smelting, Aluminium

Alcoa Corporation today announced new agreements with multiple power generators for the Portland Aluminium Smelter in the Australian state of Victoria.

Key Points: 
  • Alcoa Corporation today announced new agreements with multiple power generators for the Portland Aluminium Smelter in the Australian state of Victoria.
  • On behalf of the Portland Aluminium joint venture partners, I recognize everyones cooperation and dedication in reaching the energy agreements that help to improve the smelters competitiveness, said Alcoa President and CEO Roy Harvey.
  • As a stable baseload energy consumer, the smelter will continue to provide important market stability as more renewables enter the system.
  • Their work is integral to todays announcement, which is a fantastic outcome for them, their families and the Portland community.

Final Labor Contract Offer Submitted for Aluminerie de Bécancour Smelter in Québec, Canada

Retrieved on: 
Wednesday, June 26, 2019
Mining, Minerals, Residential Building & Real Estate, Natural Resources, Commercial Building & Real Estate, Construction & Property, Steel, Engineering, Aerospace, Manufacturing, Companies, Alcan, Aluminium division of Rio Tinto, Alcoa, Rio Tinto, Joint ventures, Portland aluminium smelter, Volta Aluminum Company

Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that the management of the Aluminerie de Bcancour Inc. (ABI) smelter in Qubec, Canada has presented a final offer to the United Steelworkers for a new labor contract.

Key Points: 
  • Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that the management of the Aluminerie de Bcancour Inc. (ABI) smelter in Qubec, Canada has presented a final offer to the United Steelworkers for a new labor contract.
  • The smelter, which is owned by Alcoa (74.95%) and Rio Tinto Alcan Inc. (25.05%), has been operating at reduced capacity since January 11, 2018, after union members rejected a proposed labor contract for hourly employees.
  • The facility has three potlines with a total annual operating capacity of 413,000 metric tons per year.
  • If the offer is not accepted by the union, ABI will implement a plan to fully curtail the smelter.