Printer Friendly Version
In addition to www.alcoa.com, Alcoa is an active participant in and uses social media to communicate information about the company. Facebook, Twitter, YouTube and LinkedIn are powerful tools that allow us to connect with our customers, investors, potential employees and fans.
Alcoa on Facebook
Alcoa on LinkedIn
Alcoa on Twitter
AlcoaTV on Youtube
September 23, 2003
Alcoa Moves Forward on Three Oaks Mine
PITTSBURGH--(BUSINESS WIRE)--Sept. 23, 2003--Alcoa (NYSE:AA) today
announced that it had approved a new $83 million investment to develop
the Three Oaks Mine, in central Texas, which will produce lignite coal
for Alcoa's nearby Rockdale, Texas power plant and smelter. All
permits have been approved for the mine, and construction is underway.
Bill Eckert, Manager of Strategic Projects- Primary Metals said,
"It took a lot of dedication and hard work by many people to get this
project put together, permitted and funded. Congratulations are in
order for everyone involved, including those in our community area
where we received strong support throughout the process.
"The reclamation work at our nearby Sandow Mine has won state and
national awards," said Eckert. "That same tradition of environmental
excellence will be brought to Three Oaks Mine. Creation of new
wetlands, to be held in perpetuity, is an example of the environmental
mitigation activities associated with stream and wetland disturbances
that are in the plans approved by the Railroad Commission of Texas and
the U S Army Corps of Engineers," Eckert noted.
Three Oaks Mine, along with the power supplied from Texas
Utilities Unit 4, helps to solidify the cost position of Alcoa's
264,000 mtpy Rockdale aluminum smelter. The new mine will be able to
provide fuel for Rockdale's power generation station for approximately
As previously announced, the final plans for Alcoa's power
generation Units 1, 2, and 3 are still being determined, but a
decision to modify, shut down, or replace these units will be made
within the next year.
Impressive progress has been made on improvements in productivity
and cost reductions in the smelter and more changes will be required
to maintain the global competitiveness and viability of the smelter
and cast house according to Location Manager Geoff Cromer.
Cromer said, "This investment decision is positive news for
Rockdale. Alcoa's willingness to invest resources in Texas is
consistent with the improved performance that we have accomplished in
all areas of the facility and the strong support we have received from
Alcoa's Rockdale, Texas Operations employ approximately 1,200
people with an annual payroll of approximately $100 million, which
goes into a nine county area of Central Texas where the employees
live. In addition, there are many other jobs outside of Alcoa that
support the Operations.
Through plant donations and Alcoa Foundation grants and
scholarships, approximately $250,000 goes into the surrounding
communities annually. This is in addition to the active community
involvement and volunteer efforts of Rockdale employees.
The plant purchases about $250 million in goods and services
annually, much of which is from the Central Texas area.
Throughout the mine permitting process there were several public
comment meetings over the course of four years, where several hundred
people from the communities took time from their jobs to provide
comment in support of Alcoa and this project. These people -- and many
entities such as County Courts, cities, school districts, Congressmen,
State Representatives and State Senators -- sent letters of support to
the agencies administering the permitting programs.
Alcoa is the world's leading producer of primary and fabricated
aluminum and alumina and is active in all major aspects of the
industry. Alcoa serves the aerospace, automotive, packaging, building
and construction, commercial transportation and industrial markets,
bringing design, engineering, production and other capabilities of
Alcoa's businesses as a single solution to customers. In addition to
aluminum products and components, Alcoa also markets consumer brands
including Reynolds Wrap(R) aluminum foil, Alcoa(R) wheels, and Baco(R)
household wraps. Among its other businesses are vinyl siding,
closures, precision castings, and electrical distribution systems for
cars and trucks. The company has 127,000 employees in 40 countries.
For more information go to www.alcoa.com .