South32 announces the sale of its aluminium value chain assets to Alcoa Corporation for an implied enterprise value of up to $5.6bn, marking a significant strategic shift for the company

Alcoa Announces Strategic Acquisition of South32’s Bauxite, Alumina, and Aluminum Assets for $4.1 billion

Graham Kerr’s final act as chief will see US giant Alcoa buy the miner’s Australian and Brazilian aluminium assets.

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The Hillside smelter is the only primary aluminium smelter in SA