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Jamalco Refinery Remains Closed; Assessing Damage From Hurricane Dean; Company Declares Force Majeure
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that production at its 1.4 million
metric ton Jamalco alumina refinery in Clarendon, Jamaica remains halted
while the company assesses damage caused by Hurricane Dean. Alcoa
temporarily curtailed production at the refinery last Saturday as a
safety measure in advance of the hurricane.
Preliminary reports indicate that the port from which Jamalco ships
alumina did sustain substantial damage in the storm. The bauxite mine
and refinery suffered less damage, but are not operational due to loss
of power. A more complete assessment of the damages and the duration of
the stoppage are being conducted.
In light of the temporary shutdown of the facility, damage to the port,
and likely resulting delays in shipments, the company has declared force
majeure to its customers.
Re-start schedule, production lost and financial impact will be reported
after a comprehensive assessment can be safely concluded.
Jamalco is 55 percent owned by Alcoa World Alumina and Chemicals and 45
percent owned by the Government of Jamaica. Alcoa World Alumina and
Chemicals is a global alliance between Alcoa and Alumina Ltd., with
Alcoa holding 60 percent.
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