Alcoa announced today its inclusion in the 2020 Dow Jones Sustainability Indices, the world’s leading provider of ratings that evaluate publicly listed companies against environmental, social and governance criteria. The Dow Jones Sustainability Indices are the longest-running benchmarks to assess the sustainability performance of the world’s largest companies. Only the most sustainable companies in each industry are [...]
Alcoa Corp. announced today that William F. Oplinger, Executive Vice President and Chief Financial Officer, will participate in a question and answer session at the virtual Goldman Sachs Global Metals & Mining Conference, beginning at 9:00 a.m. EST on Thursday, November 19, 2020. The session will be available through a live audio webcast hosted on the “Investors” section of Alcoa’s website, www.alcoa.com. A slide [...]
Alcoa Corp. today reported third quarter 2020 results that reflect improved pricing for alumina and aluminum, continued operational excellence during the pandemic, and a strong cash position. Third Quarter Highlights Generated $158 million in cash from operations; $84 million free cash flow Set new production records for Alcoa operated mines and refineries Grew cash balance to $1.74 billion, including the proceeds from a [...]
Alcoa will curtail its San Ciprián aluminum smelter in Spain and initiate a collective dismissal that will affect approximately 530 employees. On October 8, Alcoa made the decision after considering all options, including reviewing records associated with four months of consultations with the workers’ representatives and the negotiations during a potential sale process. On September 29, 2020, Alcoa announced that the [...]
The formal consultation process regarding the San Ciprián aluminum plant in Spain officially ended on September 28, 2020, without an agreement with the workers’ representatives. Alcoa will now have up to 15 days to determine and announce a decision regarding the smelter’s 228,000 metric tons of annual capacity. On August 13, 2020, Alcoa announced it had agreed to extend the formal consultation period for collective [...]
Alcoa today announced the expansion of its SustanaTM line of products with the introduction of EcoSourceTM, the industry’s first low-carbon, smelter-grade alumina brand. EcoSource is produced with no more than 0.6 tons of carbon dioxide equivalents per ton of alumina, two times better than the industry’s average of 1.2 tons of CO2e. Alcoa’s measurement includes direct emissions from the Company’s bauxite mining and [...]
Alcoa Corp. announced today that William F. Oplinger, Executive Vice President and Chief Financial Officer, will participate in two separate investor conferences: Credit Suisse 33rd Annual Basic Materials Conference Oplinger will participate in a virtual question and answer session on Tuesday, September 15, 2020, beginning at 9:30 a.m. EDT. A real-time audio webcast of this session will be available on the “Investors [...]
Alcoa today announced an agreement with the workers’ representatives for the San Ciprián aluminum plant in Spain to extend the deadline of the formal consultation period for collective dismissal to September 28, 2020. The agreement is endorsed by the national and regional governments and includes a process to evaluate a potential sale of the aluminum plant to GFG Alliance, an organization that publicly expressed interest [...]
Alcoa Corp. announced today that it has reached an agreement to supply ECOLUM™ rolling slabs to Gränges, a leading producer of rolled aluminum products for heat exchanger applications and other targeted markets. ECOLUM™ is part of Alcoa’s SUSTANA™ line of low-carbon products that support supply chain sustainability. Gränges has a long-term target to reduce the intensity of carbon emissions across its entire supply chain [...]
Alcoa Corp. today reported second quarter 2020 results consistent with the Company’s previously announced preliminary results and reflect improved productivity and continued operational stability during the COVID-19 pandemic. Second Quarter Highlights Managing health risks posed by the COVID-19 pandemic across global operations; all production sites remain fully operational Executed previously announced cost-saving [...]
Alcoa Corp. announced today that Alcoa Nederland Holding B.V. , a wholly-owned subsidiary of Alcoa, closed its offering of $750,000,000 aggregate principal amount of 5.500% senior notes due 2027. The issuer intends to use the net proceeds from the issuance of the notes for general corporate purposes, including adding cash to the balance sheet. The notes are guaranteed on a senior unsecured basis by Alcoa and certain of [...]
Alcoa Corp. announced today that Alcoa Nederland Holding B.V. , a wholly-owned subsidiary of Alcoa, has priced an offering of $750,000,000 aggregate principal amount of 5.500% senior notes due 2027. The sale of the notes is expected to be completed on July 13, 2020, subject to customary closing conditions. The issuer intends to use the net proceeds from the issuance of the notes being offered for general corporate [...]
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