Jul 1, 2026 – 9.10amSouth32 will sell its Australian and Brazilian aluminium assets to United States mining giant Alcoa for more than $8 billion, marking inaugural chief executive Graham Kerr’s final act before he steps down.The deal will see Alcoa acquire South32’s interests across several countries, including its stakes in the Worsley Alumina operations in Western Australia, its Hillside Aluminium project in South Africa, and the MRN bauxite mine, alumina refinery and aluminium smelter in Brazil.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles