Alcoa 2012 Annual Report Download - page 24

2The figures in this column reflect Alcoa’s share of production from these facilities. For facilities wholly-owned by
AWAC entities, Alcoa takes 100% of the production.
3This entity is part of the AWAC group of companies and is owned 60% by Alcoa and 40% by Alumina Limited.
4This entity is owned 100% by Alcoa.
5The named company or an affiliate holds this interest.
6Clarendon Alumina Production Ltd. is wholly-owned by the Government of Jamaica.
7AWA LLC owns 100% of N.V. Alcoa Minerals of Suriname (AMS). AWA LLC is part of the AWAC group of
companies and is owned 60% by Alcoa and 40% by Alumina Limited.
8In May 2009, the Suralco alumina refinery announced curtailment of 870,000 mtpy. The decision was made to protect
the long-term viability of the industry in Suriname. The curtailment was aimed at deferring further bauxite extraction
until additional in-country bauxite resources are developed and market conditions for alumina improve. The refinery
currently has approximately 893,000 mtpy of idle capacity.
9Reductions in production at Point Comfort resulted mostly from the effects of curtailments initiated in late 2008 through
early 2009, as a result of overall market conditions. The reductions included curtailments of approximately 1,500,000
mtpy. Of that original amount, 384,000 mtpy remain curtailed.
As noted above, Alcoa and Ma’aden are developing an alumina refinery in the Kingdom of Saudi Arabia. Initial
capacity of the refinery is expected to be 1.8 million mtpy. First production is expected in 2014. For additional
information regarding the joint venture, see the Equity Investments section of Note I to the Consolidated Financial
Statements in Part II, Item 8. (Financial Statements and Supplementary Data).
The 2.1 million mtpy expansion of the Alumar consortium alumina refinery in São Luís, Maranhão, completed by the
end of 2009, has increased the refinery’s nameplate capacity to approximately 3.5 million mtpy, with Alcoa’s share of
such capacity more than doubling to 1.89 million mtpy based on its 54% ownership stake through Alumínio and
AWAC.
In November 2005, AWA LLC and Rio Tinto Alcan Inc. signed a Basic Agreement with the Government of Guinea
that sets forth the framework for development of a 1.5 million mtpy alumina refinery in Guinea. In 2006, the Basic
Agreement was approved by the Guinean National Assembly and was promulgated into law. The Basic Agreement was
originally set to expire in November 2008, but was extended to November 2012, and has been recently extended again
until 2015. Pre-feasibility studies were completed in 2008. Additional feasibility study work was completed in 2012,
and further activities are planned for 2013.
In September 2006, Alcoa received environmental approval from the Government of Western Australia for expansion
of the Wagerup alumina refinery to a maximum capacity of 4.7 million mtpy, a potential increase of over 2 million
mtpy. This approval had a term of 5 years and included environmental conditions that must be satisfied before Alcoa
could seek construction approval for the project. The project was suspended in November 2008 due to global economic
conditions and the unavailability of a secure long-term energy supply in Western Australia. These constraints continue
and as such the project remains under suspension. In May 2012, the Government of Western Australia granted Alcoa a
5 year extension of the 2006 environmental approval.
In 2008, AWAC signed a cooperation agreement with Vietnam National Coal-Minerals Industries Group (Vinacomin)
in which they agreed to conduct a joint feasibility study of the Gia Nghia bauxite mine and alumina refinery project
located in Vietnam’s Central Highlands. The cooperation between AWAC and Vinacomin on Gia Nghia is subject to
approval by the Government of Vietnam. If established, the Gia Nghia venture is expected to be 51% owned by
Vinacomin, 40% by AWAC and 9% by others.
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