21 December 2016
Portland Smelter Update
Alcoa Corporation Chief Executive Officer Roy Harvey met in New York with Australia’s Minister for Industry, Innovation and Science Greg Hunt and Victoria Minister for Industry and Employment Wade Noonan to discuss the Portland Aluminum smelter in Victoria, Australia. The smelter has been operating at less than 30 percent capacity since a fault on the Victorian transmission network on 1 December caused a more than five hour power outage at the plant.
Mr. Harvey expressed appreciation for the extensive assistance offered by the Government of Australia and the Victoria Government to restart the smelter’s lost production and said the offers would be carefully reviewed. Mr. Harvey also discussed the challenges faced by the smelter at today’s energy and metal prices.
Mr. Harvey acknowledged the importance of the Portland Aluminum smelter to employees and the local community and committed to continue working with the Government of Australia and the Victoria Government.
The Portland Aluminium smelter is a joint venture between Alcoa of Australia Limited (55%), CITIC (22.5%), and Marubeni Aluminium Australia (22.5%).
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