Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  Alcoa Inc    AA

News SummaryMost relevantAll newsSector news 

Alcoa Clinches 5-Year Extension For Wagerup Alumina In West Australia

05/09/2012 | 12:57am US/Eastern

The Western Australian state government said Wednesday it has granted the Australian unit of Alcoa Inc. (>> Alcoa Inc.) a five-year extension for its proposed Wagerup alumina refinery expansion.

The approval, by Environment Minister Bill Marmion, follows the Environmental Protection Authority's recommendation in February that Alcoa be allowed to defer the start of construction under the terms of its 2006 approval.

"The EPA recommended that, as the environmental factors of the proposal had not significantly changed and no new factors had emerged since the initial approval, the time limit be extended a further five years," said Marmion in a statement.

However, before starting construction Alcoa will still require a works approval from the Western Australian state government, which would involve public consultation, he added.

Wagerup's expansion to 4.7 million tons a year has been deferred by Alcoa of Australia, owned 60% by Alcoa Inc. and 40% by Alumina Ltd. (>> Alumina Limited), until market conditions improve.

-By Stephen Bell, contributing to Dow Jones Newswires; 61-8-9244-4243; djsydney@dowjones.com

Stocks mentioned in the article : Alcoa Inc., Alumina Limited
React to this article
Latest news on ALCOA INC
10/13 ALCOA : Results of Operations and Financial Condition, Financial Statements and ..
10/13 Etoro investment analyst
10/12DJMARKET SNAPSHOT : Dow Advances For 7th Session, Longest Win Streak Since Decembe..
10/12DJMARKET SNAPSHOT : Dow Advances For 7th Session, Longest Since December
10/12DJMARKET SNAPSHOT : Dow Eyes 7th Session Of Gains As Stocks Pivot Higher
10/12 ALCOA : Reports Third Quarter 2015 profit
10/12DJMARKET SNAPSHOT : Dow Fights To Log 7th Session Of Gains As Stocks Search For Di..
10/12DJMARKET SNAPSHOT : U.S. Stock Futures Waver In Thin Trade On Columbus Day
10/12 Nationwide Mobile Repair Leader Cellairis to Bring Services to New Location I..
10/12DJMARKET SNAPSHOT : U.S. Stock Futures Waver In Thin Trade On Columbus Day
Duration : Period :
Alcoa Inc Technical Analysis Chart | AA | US0138171014 | 4-Traders
Income Statement Evolution
More Financials