Alcoa to Shut Down Anglesea Power Station

Alcoa (NYSE: AA) announced that Alcoa of Australia will permanently shut down operations at its Anglesea coal mine and power station on August 31, 2015.

As quoted in the market news,

The Anglesea power station previously supplied approximately 40 percent of the power needs for the Point Henry smelter in Geelong, Victoria. Alcoa said in February 2014 that it would conduct a sales process for the site, which has been operating as an independent supplier to the National Electricity Market since the smelter closed in August 2014. The sales process did not result in a sale.

President Alcoa Refining and Managing Director, Alcoa of Australia, Alan Cransberg, stated:

Our key concern now is for our 85 employees who have done a great job in continuing to run the operation during this period of uncertainty. Alcoa has been a proud member of the Anglesea community for more than 46 years, and our focus is in supporting our employees and their families, our contractors, suppliers and community partners through this transition.

Click here for the full Alcoa (NYSE: AA) press release