Australia's Alumina Levies Counterclaim Against Alcoa

- June 27th, 2016

Australia’s Alumina Limited (ASX:AWC) has filed a counter claim against Alcoa (NYSE:AA), which is currently planning a demerger, Mining Weekly reported. As quoted in the publication: Alumina said on Monday that its counterclaim sought court declarations to prevent Alcoa from taking further steps in its separation plan, announced in September, without complying with certain obligations … Continued

Australia’s Alumina Limited (ASX:AWC) has filed a counter claim against Alcoa (NYSE:AA), which is currently planning a demerger, Mining Weekly reported.
As quoted in the publication:

Alumina said on Monday that its counterclaim sought court declarations to prevent Alcoa from taking further steps in its separation plan, announced in September, without complying with certain obligations under the AWAC agreements.
The counterclaim also sought to stop the US group from receiving offers to acquire its interest in the various AWAC companies, citing Alumina’s ‘first option rights’.

Click here for the full article.

What Do You Know About The Industrial Metals Market?


Find market data and industry insights in your free report


Get the latest Aluminum Investing stock information

Get the latest information about companies associated with Aluminum Investing Delivered directly to your inbox.

Aluminum Investing

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time

Leave a Reply

Your email address will not be published. Required fields are marked *