Alcoa Corp. has released its 2020 Sustainability Report, which provides a comprehensive overview of the Company's progress against key environmental, social and governance objectives. "Our latest sustainability report highlights the important work we accomplished in 2020 in the midst of one of the most challenging years for our Company and the world," said Roy Harvey, Alcoa President and CEO. "Our firmly rooted commitment [...]
Alcoa Corp. today reported first quarter 2021 results that reflect improvements in pricing for alumina and aluminum, strong operational performance, and continued discipline in executing the Company's long-term strategy. First Quarter Highlights Maintained reliable production and shipments while prioritizing safety, including COVID-19 protocols Revenue and income highest since 2018, which was a record-setting year [...]
Alcoa Corp. today announced it has completed the sale of the rolling mill and associated assets near Evansville, Indiana, held by Alcoa Warrick LLC, to Kaiser Aluminum Corporation. The sale closed on March 31, 2021. In accordance with the previously announced sale agreement, Alcoa Corp. received total consideration of approximately $670 million, including the assumption by Kaiser of related other postretirement employee [...]
Alcoa Corp. plans to announce its first quarter 2021 financial results on Thursday, April 15, 2021, after the close of trading on the New York Stock Exchange. The press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's twitter handle @Alcoa at www.twitter.com/Alcoa. A conference [...]
Alcoa Corp. announced today that Alcoa Nederland Holding B.V. , a wholly-owned subsidiary of Alcoa, closed its offering of $500,000,000 aggregate principal amount of 4.125% senior notes due 2029 . The notes are guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries. The issuer intends to use the net proceeds from the issuance of the notes, together with cash on hand, to contribute approximately [...]
Alcoa Corp. today announced new agreements with multiple power generators for the Portland Aluminium Smelter in the Australian state of Victoria. The five-year agreements with AGL, Alinta Energy and Origin will each commence August 1, 2021, when an existing agreement with AGL expires on July 31, 2021. The Australian Federal Government has committed, subject to approval, to provide up to $14.8 million per year for four [...]
Alcoa Corp. announced today that Alcoa Nederland Holding B.V. , a wholly-owned subsidiary of Alcoa, has priced an offering of $500,000,000 aggregate principal amount of 4.125% senior notes due 2029 . The notes will be guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries. The sale of the notes is expected to be completed on March 24, 2021, subject to customary closing conditions. The issuer [...]
Alcoa Corp. announced today a proposed offering of $500,000,000 aggregate principal amount of senior notes by Alcoa Nederland Holding B.V. , a wholly-owned subsidiary of Alcoa. The notes will be guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries. The timing of pricing and terms of the notes are subject to market conditions and other factors. The issuer intends to use the net proceeds from the [...]
Alcoa Corp. announced today that Roy C. Harvey, President and Chief Executive Officer, and William F. Oplinger, Executive Vice President and Chief Financial Officer, will participate in two separate investor conferences. BMO 30th Global Metals & Mining Virtual Conference Mr. Harvey will participate in a question and answer session beginning at 11:00 a.m. EST on Tuesday, March 2, 2021. A real-time audio webcast of this [...]
Alcoa Corp. today reported fourth quarter and full-year 2020 results that reflect strong operational performance, the successful execution of multiple cash actions throughout the year, and significant progress on the Company’s strategy to strengthen Alcoa for the long term. Fourth Quarter Highlights Continued to safely maintain operations during the ongoing COVID-19 pandemic; all production sites remain fully operational [...]
Alcoa Corp. announced today that it will halt curtailment plans for its San Ciprián aluminum smelter in Spain while it reviews a court decision related to a collective dismissal process. On October 9, 2020, Alcoa announced its decision to curtail the smelter’s 228,000 metric tons of annual capacity and proceed with the collective dismissal of employees after completing four months of consultations with the workers [...]
Alcoa Corp. today announced that three more of its operating locations have earned certifications from the Aluminium Stewardship Initiative , the industry’s most comprehensive system for third-party validation of sustainable manufacturing processes. The latest facilities to earn the Performance Standard certification include the Fjarðaál smelter in Iceland, the Lista smelter in Norway, and the San Ciprián refinery in [...]
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