Alumina Ltd. Received US$97 Million In Fully Franked Dividends From AWAC JV In 4Q
11 Januar 2011 - 1:04AM
Dow Jones News
Alumina Ltd. (AWC.AU) on Tuesday said it has received US$97
million in fully franked dividends from its Alcoa World Alumina and
Chemicals, or AWAC, joint venture with Alcoa Inc. (AA) during the
fourth quarter of 2010, bringing its full year dividend received to
US$234 million.
Alumina Ltd. Chief Executive John Bevan said in a statement that
the outlook for the alumina industry is "positive".
"Demand continues to grow and the development of daily and
weekly alumina indexes supports the change to indexed based
pricing," Bevan added. "The changes will impact our results
progressively as new contracts are implemented commencing in
2011."
Alumina Ltd. will report its results for the year to Dec. 31 on
Feb. 10.
-By Sydney bureau; 61-2-8272-4680;
djnews.sydney@dowjones.com
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