Alumina Limited

Infobox Company
company_name = Alumina Limited
company_
company_type = Public (asx|AWC nyse|AWC)
foundation = 2003
location = flagicon|AUS Australia
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homepage = [http://www.aluminalimited.com/ www.aluminalimited.com]
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intl = yes

Alumina Limited asx|AWC nyse|AWC is a public company listed on the Australian and New York Stock Exchanges. It was formed in 2003 in a demerger from Western Mining Corporation, and is one of the largest companies on the ASX.

Alumina's only business activity is as the owner of a 40% share in a joint venture with Alcoa called Alcoa World Alumina and Chemicals, abbreviated to AWAC. AWAC's business is the mining of bauxite, the extraction of alumina (aluminium oxide) and the smelting of pure aluminium. It has about 25% of the global alumina market. Alcoa owns the remaining 60% of the business and acts as day-to-day manager.

In Australia, AWAC trades as Alcoa of Australia (AoA), which owns two bauxite mines and three refineries (to extract aluminium oxide from bauxite) in Western Australia and owns a smelter (to extract pure aluminium metal) and has a controlling interest in another in Victoria.

AWAC also has operations or interests in Texas, Suriname, Jamaica, Brazil, Spain, Guinea, and owns Alcoa Steamship.

Alumina's Chief Executive Officer is John Marlay and the board is chaired by Donald Morley.

Given that the management of Alumina's assets is performed entirely by other companies, their extensive governance structure and regular board meetings have attracted adverse comment. Internet publication Crikey describe Alumina's board as "corporate Australia's cosiest and most expensive lunch club" [ [http://www.crikey.com.au/articles/2006/03/27-1548-9071.html] ] .

Alumina has raised A$ 910mn via entitlement offer to fund brazil projects of AWAC. [ [http://www.iirgroup.com/researchoracle/show/issue/736 Alumina raises Equity capital:Research Oracle] ]

ee also

AlcoaAluminium oxide AluminaAlcoa World Alumina and ChemicalsList of Alumina RefineriesList of aluminium smelters

References

External links

* [http://www.aluminalimited.com Alumina Limited]
* [http://www.iirgroup.com/researchoracle/show/issue/736 IIR research on Alumina Ltd]