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Alcoa is well positioned to operate South Africa’s Hillside Aluminium, says Pillay
As a global producer of materials across the aluminium value chain, Alcoa Corporation is well positioned to operate South Africa’s Hillside Aluminium business into the future, South32 COO Africa Noel Pillay stated categorically on Wednesday, July 1, when the diversified Johannesburg Stock Exchange-listed mining company South32 announced the signing of a binding conditional agreement to sell Hillside Aluminium to New York-listed Alcoa for up to $5.6-billion. In addition to the Hillside aluminium smelter and the idled Bayside smelter property in South Africa, Alcoa will also acquire South32’s interests in Australia's Boddington bauxite mine and the Worsley alumina refinery, as well as the Mineração Rio do Norte bauxite mine and the Alumar alumina refinery and aluminium smelter in Brazil.
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morningstar.com
Alcoa Announces Strategic Acquisition of South32’s Bauxite, Alumina, and Aluminum Assets for $4.1 billion
Alcoa Announces Strategic Acquisition of South32’s Bauxite, Alumina, and Aluminum Assets for $4.1 billion
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afr.com
South32 sells aluminium business to Alcoa in $8b deal
Graham Kerr’s final act as chief will see US giant Alcoa buy the miner’s Australian and Brazilian aluminium assets.
