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Alcoa Completes Deal to Acquire Bauxite and Alumina Interests in Suriname
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) today announced that Alcoa World Alumina LLC has
completed its previously announced transaction to acquire BHP Billiton’s
bauxite and alumina refining interests in Suriname. Terms are not
Suriname Aluminum Company LLC (Suralco), a subsidiary of Alcoa World
Alumina LLC, and N.V. BHP Billiton Maatschappij Suriname (BMS), a BHP
Billiton subsidiary, have been participants in mining and refining joint
ventures in Suriname since 1984. BMS had a 45% interest and Suralco a
55% interest in the joint ventures. Prior to the establishment of the
joint ventures, BMS had separately conducted mining operations in the
country, while Suralco has been active in Suriname for almost 100 years.
Suralco is a part of Alcoa World Alumina and Chemicals (AWAC) a joint
venture between Alcoa and Alumina Limited, with Alcoa holding 60 percent.