This asset adds scale to our smelting portfolio in a way that is expected to be cash flow accretive immediately, Alcoa Corporation President and CEO William (Bill) F Oplinger said of South Africa’s Hillside Aluminium smelting business during a conference call following the NYSE-listed company’s announcement of agreement to buy the aluminium-linked assets of the Johannesburg Stock Exchange-listed South32. “We think we’re acquiring fantastic long-term assets at a really reasonable price,” Oplinger said during question time in reply to Citi Investment Research analyst Alex Hacking.

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

Diversified miner South32 has signed a binding conditional agreement to sell its aluminium value chain assets, including its interest in Worsley Alumina, in Australia, and…