Alcoa 2015 Annual Report Download - page 35

Country Facility
Owners
(% of Ownership)
Nameplate
Capacity1
(000 MTPY)
Alcoa
Consolidated
Capacity2
(000 MTPY)
Spain San Ciprián Alúmina Española, S.A.3(100%) 1,50071,500
Suriname Suralco Suralco3(55%) AMS8(45%) 2,20792,207
United States Point Comfort, TX AWA LLC3(100%) 2,30510 2,305
TOTAL 18,881 17,271
1Nameplate Capacity is an estimate based on design capacity and normal operating efficiencies and does not necessarily
represent maximum possible production.
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.
5As a result of the decision to fully curtail the Poços de Caldas smelter, management initiated a reduction in alumina
production at this refinery. The capacity that is operating at this refinery is producing at an approximately 45% output
level.
6The named company or an affiliate holds this interest.
7The capacity that is operating at this refinery is producing at an approximately 95% output level.
8AWA 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.
9The Suralco alumina refinery now has been fully curtailed (see below).
10 The Point Comfort alumina refinery will be fully curtailed (see below).
As of December 31, 2015, Alcoa had approximately 2,801,000 mtpy of idle capacity against total Alcoa Consolidated
Capacity of 17,271,000 mtpy.
In March 2015, the Company initiated a 12-month review of 2,800,000 mtpy in refining capacity for possible
curtailment (partial or full), permanent closure or divestiture. This review is part of the Company’s target to lower
Alcoa’s refining operations on the global alumina cost curve to the 21st percentile (currently 23rd) by the end of 2016.
As part of this review, in March 2015, the Company decided to curtail 443,000 mtpy (one digester) of capacity at the
Suralco refinery; this action was completed by the end of April 2015.
Additionally, in September, the Company decided to curtail the remaining capacity (887,000 mtpy—two digesters) at
Suralco; the Company completed it by the end of November 2015 (877,000 mtpy of capacity at Suralco had previously
been curtailed). The Company is currently in discussions with the Suriname government to determine the best long-
term solution for Suralco due to limited bauxite reserves and the absence of a long-term energy alternative.
During 2015, Alcoa undertook curtailment of the remaining 2,010,000 mtpy of capacity at the Point Comfort, Texas
refinery (295,000 mtpy had previously been curtailed). This action is expected to be completed by the end of June 2016
(375,000 mtpy was completed by the end of December 2015).
As noted above, Alcoa and Ma’aden have developed an alumina refinery in the Kingdom of Saudi Arabia. Initial
capacity of the refinery is 1.8 million mtpy. The refinery produced approximately 1.0 million mt in 2015. 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).
In November 2005, AWA LLC and Rio Tinto Alcan Inc. (RTA) 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
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