Andrew Williams wrote this.

It is from ABC South West WA.

The topic is mining and metals.

It was published on Wednesday, July 1, 2026, at 11:08 am.

South32 is selling its bauxite mine.

In short:

South32 accepted Alcoa's offer to buy its bauxite and aluminum assets.

Alcoa will buy the big bauxite mine near Boddington, about 200 km south of Perth.

What's next?

The sale will be finalized by June 2027 if shareholders agree.

Alcoa will buy South32's bauxite mine and alumina refinery in Western Australia for over $8 billion.

Alcoa will control Worsley Alumina, which operates a large bauxite mine and an alumina refinery.

The deal includes assets in Brazil and a smelter in South Africa.

Alcoa's CEO said the purchase is a great opportunity for the company.

Alcoa is buying interests in many operations.

The CEO said these assets fit well with Alcoa's strengths as a leading aluminum company.

Alcoa will improve performance and support the assets' long-term success.

South32's new CEO said the company will focus on long-life assets after the deal.

The company will be simpler with higher-margin operations and less complexity.

Alcoa will acquire South32's bauxite mine near Boddington.

The former South32 CEO will stay as a strategic advisor for the deal.

The deal will bring significant value to shareholders and reposition South32.

The deal needs final approval from shareholders and regulators by June 29, 2027.

It was published on Wednesday, July 1, 2026, at 11:08 am.

See more ABC coverage.

Promotion

듣기 연습