- CEO
- Michael Peter Ferraro LLB
- Full Time Employees
- 13
- Sector
- Basic Materials
- Industry
- Aluminum
- Address
- 2 Southbank Boulevard Southbank VIC Australia 3006
- IPO Date
- May 15, 2012
- Business
- Alumina Limited engages primarily in the mining of bauxite and the refining of alumina as a key raw material for aluminum production. The company holds a 40% interest in Alcoa World Alumina and Chemicals (AWAC), a joint venture with Alcoa Corporation, which operates bauxite mines and alumina refineries in Australia, Guinea, Brazil, Spain, and Saudi Arabia, alongside a 55% stake in the Portland aluminum smelter in Victoria, Australia. Founded in 1970 and headquartered in Southbank, Australia, Alumina Limited does not directly operate these assets but manages its investment in AWAC, whose operations encompass bauxite mining, alumina refining, and aluminum smelting.
A significant recent development is Alumina Limited's acquisition by Alcoa Corporation, finalized in August 2024 for approximately $2.2 billion, which fully consolidated Alcoa's ownership of AWAC. This transaction gave Alumina shareholders a 31.25% ownership stake in the combined company and aims to create long-term value through enhanced financial and operational flexibility and strategic growth opportunities. The acquisition enabled Alcoa to strengthen its position among the world's largest producers of bauxite and alumina and to pursue supply chain efficiencies and demand growth driven by sectors such as renewable energy and electric vehicles. Alumina Limited's shares were delisted from the Australian Securities Exchange following completion of this transaction, with former shareholders able to trade Alcoa shares via CHESS Depositary Interests.
This acquisition reflects Alumina Limited's strategic shift from a standalone listed entity to a fully integrated part of a global aluminum leader, expanding its operational scale globally through Alcoa's network and resources.