ALCOA

Alcoa Corporation Declares Quarterly Cash Dividend

Retrieved on: 
Thursday, May 9, 2024
Natural Resources, Manufacturing, Mining, Minerals, Steel, AA, Corporation

Alcoa Corporation (NYSE: AA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 7, 2024 to stockholders of record as of the close of business on May 21, 2024.

Key Points: 

Alcoa Corporation (NYSE: AA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock, to be paid on June 7, 2024 to stockholders of record as of the close of business on May 21, 2024.

Alcoa President and Chief Executive Officer William Oplinger to Participate in BofA Securities 2024 Global Metals, Mining & Steel Conference

Retrieved on: 
Monday, May 6, 2024
Natural Resources, Manufacturing, Other Manufacturing, Steel, Mining, Minerals, EDT, Corporation, Bank, Conference, Acquisition

Alcoa Corporation President and Chief Executive Officer William F. Oplinger will participate in a webcast session at the Bank of America Global Metals, Mining & Steel Conference in Miami, Florida, on Tuesday, May 14, 2024.

Key Points: 
  • Alcoa Corporation President and Chief Executive Officer William F. Oplinger will participate in a webcast session at the Bank of America Global Metals, Mining & Steel Conference in Miami, Florida, on Tuesday, May 14, 2024.
  • At 3:00 p.m. EDT, Oplinger will deliver a presentation regarding Alcoa’s business, the announced acquisition of Alumina Limited, and outlook in the current market, including factors that could affect the Company’s present quarter’s financial results.
  • A live audio webcast of the session will be available on the “Investors” section of Alcoa’s website, www.alcoa.com .
  • A transcript and audio replay will also be available after the session on the “Investors” section of www.alcoa.com .

Melissa M. Miller Elected to Metallus' Board of Directors

Retrieved on: 
Tuesday, May 7, 2024
Howmet Aerospace, Safety, HR, MTUS, Growth, Miller, Retirement, Shareholder, Workforce, Pennsylvania State University, Arconic, United Steelworkers, Melissa, Management

Miller was elected to serve an initial term of one year and fills the vacancy resulting from the retirement of Diane Creel from Metallus' Board of Directors.

Key Points: 
  • Miller was elected to serve an initial term of one year and fills the vacancy resulting from the retirement of Diane Creel from Metallus' Board of Directors.
  • Additionally, shareholders have re-elected for a three-year term independent directors Mary Ellen Baker, Jamy Rankin and Ron Rice, as well as Mike Williams, Metallus' President and Chief Executive Officer.
  • Eleven directors now serve on the Metallus board.
  • We warmly welcome Melissa to our board and look forward to her many contributions," said Ron Rice, chairman of Metallus' board.

Alcoa Corporation Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, April 17, 2024
Machine Tools, Metalworking & Metallurgy, Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Account, AWC, Sale, Climate change, EDT, Projection, Interest, Kwinana, Security (finance), Inventory, ASX, DWC, Research, Transport, API, Carbon, Public expenditure, Acquisition, Inflation, Adjustment, Renewable energy, GAAP, Aluminium

Net loss attributable to Alcoa Corporation was $252 million, or $1.41 per share.

Key Points: 
  • Net loss attributable to Alcoa Corporation was $252 million, or $1.41 per share.
  • San Ciprián complex: During the first quarter of 2024, Alcoa completed the restart of approximately 6 percent of pots at the smelter in compliance with the February 2023 updated viability agreement.
  • Kwinana refinery: On January 8, 2024, the Company announced the decision to curtail the Kwinana refinery in Australia to be completed in the second quarter of 2024.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Daylight Time (EDT) on Wednesday, April 17, 2024, to present first quarter 2024 financial results and discuss the business, developments, and market conditions.

Aramco Wins ISA100 Wireless Excellence in Automation Award

Retrieved on: 
Friday, April 19, 2024
Wireless, Phillips 66, International Society, PETRONAS, ARC, Steam, WCI, Swift, BAPCO, Petrom, Acquisition, Plant, ISA, Mobile phone

DURHAM, N.C., April 19, 2024 /PRNewswire/ -- The International Society of Automation (ISA) – the leading professional society for automation – and the ISA100 Wireless Compliance Institute (WCI) have announced that Aramco, a global integrated energy and chemicals company, has won the 2023 ISA100 Wireless Excellence in Automation award for their novel application of wireless instrumentation at a key operating site, the Fadhili Gas Plant. Aramco is recognized this year for pioneering the large-scale deployment of an ISA100 Wireless steam trap monitoring solution. Aramco is joining a distinguished list of end users who have received this award over the past 11 years.

Key Points: 
  • Annual award honors novel application of wireless instrumentation at Fadhili Gas Plant; learn more at 24 April webinar
    DURHAM, N.C., April 19, 2024 /PRNewswire/ -- The International Society of Automation (ISA) – the leading professional society for automation – and the ISA100 Wireless Compliance Institute (WCI) have announced that Aramco, a global integrated energy and chemicals company, has won the 2023 ISA100 Wireless Excellence in Automation award for their novel application of wireless instrumentation at a key operating site, the Fadhili Gas Plant.
  • Each year, the ISA100 Wireless Compliance Institute presents the ISA100 Wireless Excellence in Automation Award to a global end user company that has demonstrated outstanding leadership and innovation with ISA100 Wireless technology.
  • Notable past end-user recipients of the ISA100 Wireless Excellence in Automation Award include OMV Petrom, Enquest UK, Fuji Oil Company, Ltd., ILBOC, BAPCO, Alcoa, Phillips 66, PETRONAS and Nippon Steele & Sumikin Engineering.
  • The deployed ISA100 Wireless network is based on a distributed topology centered on an ISA100 Wireless field gateway and multiple ISA100 Wireless field backbone routers.

Alcoa Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Tuesday, March 26, 2024
Mining, Minerals, Natural Resources, Corporation, EDT

Alcoa Corporation plans to announce its first quarter 2024 financial results on Wednesday, April 17, 2024, after the close of trading on the New York Stock Exchange.

Key Points: 
  • Alcoa Corporation plans to announce its first quarter 2024 financial results on Wednesday, April 17, 2024, after the close of trading on the New York Stock Exchange.
  • The press release with financial results, and a related presentation, will be available on the “Investors” section of Alcoa’s website, www.alcoa.com .
  • A link to the press release will also be on Alcoa’s X handle @Alcoa at www.X.com/Alcoa .
  • A conference call to discuss the financial results will begin at 5:00 p.m. EDT, and will be webcast live via Alcoa's website, www.alcoa.com .

Alcoa Corporation Announces Closing of Inaugural Green Bond Offering

Retrieved on: 
Thursday, March 21, 2024
Environmental, Social and Governance (ESG), Automotive Manufacturing, Construction & Property, Aerospace, Manufacturing, Sustainability, Socially Responsible Investing, Finance, Professional Services, Environmental Policy, Environment, Other Manufacturing, Machine Tools, Metalworking & Metallurgy, Steel, Other Construction & Property, Corporation, Carbon, Investment, Trade, Loan Market Association, AA

Alcoa Corporation (NYSE:AA) (“Alcoa”) announced today that Alcoa Nederland Holding B.V., a wholly-owned subsidiary of Alcoa, closed its offering of $750 million aggregate principal amount of 7.125% senior notes due 2031 (the “notes”).

Key Points: 
  • Alcoa Corporation (NYSE:AA) (“Alcoa”) announced today that Alcoa Nederland Holding B.V., a wholly-owned subsidiary of Alcoa, closed its offering of $750 million aggregate principal amount of 7.125% senior notes due 2031 (the “notes”).
  • The notes represent Alcoa’s inaugural Green Finance Instrument in alignment with its Green Finance Framework (the “Framework”).
  • "We are pleased to advance our sustainability efforts by successfully issuing and closing this inaugural green bond offering,” said Executive Vice President and Chief Financial Officer Molly Beerman.
  • It provides a structured approach for Alcoa to assess, select, and report on its green finance initiatives, supporting Alcoa in its sustainability efforts by aligning it with its financing strategy.

Alcoa Enters into Binding Agreement to Acquire Alumina Limited

Retrieved on: 
Monday, March 11, 2024
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, UBS, Agreement, CDI, CHESS, ASX, AWAC, Australian Securities Exchange, AWC, AA, Aluminium

Alcoa (NYSE: AA or “Alcoa”) today announced that it has entered into a binding Scheme Implementation Deed (the “Agreement”) with Alumina Limited (ASX: AWC), under which Alcoa will acquire Alumina Limited in an all-scrip, or all-stock, transaction.

Key Points: 
  • Alcoa (NYSE: AA or “Alcoa”) today announced that it has entered into a binding Scheme Implementation Deed (the “Agreement”) with Alumina Limited (ASX: AWC), under which Alcoa will acquire Alumina Limited in an all-scrip, or all-stock, transaction.
  • The Independent Directors of Alumina Limited, and its Managing Director and Chief Executive Officer intend to vote all shares of Alumina Limited held or controlled by them in favor of the Agreement.
  • “Entering into the Scheme Implementation Deed to acquire Alumina Limited is a milestone on our path to deliver value for both Alcoa and Alumina shareholders,” said William F. Oplinger, Alcoa’s President and CEO.
  • Accordingly, under the Agreement, Alumina Limited shareholders would receive consideration of 0.02854 Alcoa shares for each Alumina Limited share (the “Agreed Ratio”).

Vehicle Armor Materials Market worth $9.3 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, March 19, 2024
Honeywell, Element, Hardness, Urbanization, Titanium, IED, Growth, Steel, SUV, Risk, Explosion, Alloy, Law enforcement, Terrorism, Research, Metal, Military personnel, Tata Steel, Investment, Traction, Safety, SAAB, Ceramic, Morgan Advanced Materials, Aluminium, Engineering, Arms industry

Furthermore, defense budgets allocated by governments and international organizations prioritize investments in vehicle armor materials as part of broader defense modernization efforts.

Key Points: 
  • Furthermore, defense budgets allocated by governments and international organizations prioritize investments in vehicle armor materials as part of broader defense modernization efforts.
  • The defense sector's prominence in the vehicle armor materials market is also underscored by its unique operational requirements and mission profiles.
  • "Asia Pacific is expected to be the fastest growing market for vehicle armor materials during the forecast period, in terms of value."
  • Additionally, technological advancements and innovations in armor materials play a pivotal role in driving market growth in the Asia-Pacific region.

Vehicle Armor Materials Market worth $9.3 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, March 19, 2024
Honeywell, Element, Hardness, Urbanization, Titanium, IED, Growth, Steel, SUV, Risk, Explosion, Alloy, Law enforcement, Terrorism, Research, Metal, Military personnel, Tata Steel, Investment, Traction, Safety, SAAB, Ceramic, Morgan Advanced Materials, Aluminium, Engineering, Arms industry

Furthermore, defense budgets allocated by governments and international organizations prioritize investments in vehicle armor materials as part of broader defense modernization efforts.

Key Points: 
  • Furthermore, defense budgets allocated by governments and international organizations prioritize investments in vehicle armor materials as part of broader defense modernization efforts.
  • The defense sector's prominence in the vehicle armor materials market is also underscored by its unique operational requirements and mission profiles.
  • "Asia Pacific is expected to be the fastest growing market for vehicle armor materials during the forecast period, in terms of value."
  • Additionally, technological advancements and innovations in armor materials play a pivotal role in driving market growth in the Asia-Pacific region.