Alumina Limited is an Australian

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

. Spun off from

Western Mining Corporation Western may refer to: Places *Western, Nebraska, a village in the US * Western, New York, a town in the US * Western Creek, Tasmania, a locality in Australia * Western Junction, Tasmania, a locality in Australia *Western world, countries that ...

in 2002, its sole asset is a 40% shareholding in Alcoa World Alumina & Chemicals.

History

Alumina was founded in December 2002 when

spun off its

aluminium Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. I ...

and

bauxite Bauxite is a sedimentary rock with a relatively high aluminium content. It is the world's main source of aluminium and gallium. Bauxite consists mostly of the aluminium minerals gibbsite (Al(OH)3), boehmite (γ-AlO(OH)) and diaspore (α-AlO(O ...

assets. Alumina's only business activity is as the owner of a 40% share in Alcoa World Alumina & Chemicals (AWAC), a joint venture with

Alcoa Alcoa Corporation (an acronym for Aluminum Company of America) is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary ...

. AWAC owns two bauxite mines and three

refineries A refinery is a production facility composed of a group of chemical engineering unit processes and unit operations refining certain materials or converting raw material into products of value. Types of refineries Different types of refineries ar ...

(to extract aluminium oxide from bauxite) in

Western Australia Western Australia (commonly abbreviated as WA) is a state of Australia occupying the western percent of the land area of Australia excluding external territories. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to th ...

and owns a

smelter Smelting is a process of applying heat to ore, to extract a base metal. It is a form of extractive metallurgy. It is used to extract many metals from their ores, including Silver mining#Ore processing, silver, iron-making, iron, copper extracti ...

(to extract pure aluminium metal) and has a 55% interest in the

Portland aluminium smelter The Portland aluminium smelter is located at Portland, Victoria, Australia. The smelter has a production capacity of 345,000 tonnes of aluminium per year The smelter is a joint venture owned by Alcoa World Alumina & Chemicals (55%), CITIC (22.5%) ...

. AWAC also has operations or interests in Brazil, Guinea, Saudi Arabia and Spain. In 2016, Alumina Limited achieved great short term authority over its interest in AWAC with more influence over a broader suite of operational and investment decisions. Having been a

dual-listed company A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs ar ...

with shares on both the

Australian Securities Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

(ASX) and

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

(NYSE), in February 2014 Alumina delisted from the NYSE, consolidating on the ASX.Alumina Limited to delist from NYSE
Alumina 6 February 2014

References

External links

Company website
{{S&P/ASX 200 Aluminium companies of Australia Companies based in Melbourne Companies formerly listed on the New York Stock Exchange Companies listed on the Australian Securities Exchange Dual-listed companies Holding companies of Australia Non-renewable resource companies established in 2002 2002 establishments in Australia