Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Alcoa Inc    AA   US0138171014


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;

Stocks mentioned in the article : Alcoa Inc., Alumina Limited
React to this article
Latest news on ALCOA INC
08:02a ALCOA : Named Platts Metals Company of the Year
05/21 ALCOA : EDITORIAL: School calendar change needs broad buy-in
05/18 ALCOA : Service honors black veterans, Cedar Lawn Cemetery
05/15 ALCOA : TOSHA imposes $7,000 penalty in worker's death at Alcoa plant
05/15 ALCOA : Market Research Store: Global Aluminum Casting Market between year 2015 ..
05/15 ALCOA : BRIEF: One person killed, one injured in Alcoa Highway crash
05/14 MARKET RESEARCH STORE : Forging Market in North America between year 2015 to 201..
05/13 ALCOA : Anglesea coal mine and power plant closed after community pressure
05/13 ALCOA : Costs Associated with Exit or Disposal Activities (form 8-K)
05/13 ALCOA : closes Anglesea power station
Duration : Period :
Alcoa Inc Technical Analysis Chart | AA | US0138171014 | 4-Traders
Income Statement Evolution
More Financials