Alumina Ltd: Received US$41 Million Of Dividends From AWAC JV In 3Q
October 07 2010 - 6:15PM
Dow Jones News
Alumina Ltd. (AWC) earned US$41 million in dividends from its
joint venture with U.S. aluminum producer Alcoa Inc. (AA) in the
third quarter of 2010, the company said Friday.
Alumina Ltd., which owns 40% of the Alcoa World Alumina and
Chemicals joint venture, the world's largest alumina producer,
released the statement to the Australian Securities Exchange after
Alcoa released third-quarter earnings overnight Thursday.
Alcoa's earnings fell 21% but it provided a bullish outlook for
aluminum demand on the basis of improving consumption in emerging
markets.
Alumina is an intermediate commodity in the production of
aluminum from bauxite ore.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689;
david.fickling@dowjones.com
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