{"id":99071,"date":"2026-07-06T19:21:29","date_gmt":"2026-07-06T22:21:29","guid":{"rendered":"https:\/\/murray.adv.br\/?p=99071"},"modified":"2026-07-06T19:21:29","modified_gmt":"2026-07-06T22:21:29","slug":"alcoa-to-buy-south32s-alumina-and-bauxite-assets-for-4-1bn","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/alcoa-to-buy-south32s-alumina-and-bauxite-assets-for-4-1bn\/","title":{"rendered":"Alcoa to buy South32\u2019s alumina and bauxite assets for $4.1bn"},"content":{"rendered":"
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Deal spans Australia, South Africa, Brazil, including stakes in MRN, Alumar, with synergies estimated at $900m<\/strong><\/em><\/h6>\n<\/div>\n<\/div>\n
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Alcoa<\/strong>\u00a0announced on Tuesday (30) a final agreement to acquire\u00a0South32<\/strong>\u2019s interests in bauxite, alumina, and aluminum assets for approximately $4.1 billion in a cash-and-stock transaction.<\/p>\n<\/div>\n

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The deal covers operations in Australia, South Africa, and Brazil\u2014including stakes in Minera\u00e7\u00e3o Rio do Norte (MRN) and the Alumar industrial complex\u2014as well as a contingent payment of up to $750 million tied to future alumina and aluminum prices.<\/p>\n<\/div>\n

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Alcoa will acquire South32\u2019s interests in the Boddington bauxite mine and Worsley alumina refinery in Western Australia; the Hillside aluminum smelter and Bayside asset in South Africa; and the Minera\u00e7\u00e3o Rio do Norte (MRN) bauxite mine and the Alumar complex\u2014comprising an alumina refinery and aluminum smelter\u2014in Brazil. The Mozal operation in Mozambique is not included in the transaction.<\/p>\n<\/div>\n

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Operating in Maranh\u00e3o state since 1980,\u00a0Alumar\u00a0<\/strong>is an industrial complex that includes an alumina refinery, aluminum smelter, port, and environmental reserve. The alumina refinery is owned by a consortium comprising Alcoa (54%), South32 (36%), and Rio Tinto (10%). The aluminum smelter is owned by Alcoa (60%) and South32 (40%).<\/p>\n<\/div>\n

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MRN<\/strong>, Brazil\u2019s largest bauxite producer, is jointly owned by\u00a0Glencore\u00a0<\/strong>(44%), South32 (33%), and\u00a0Rio Tinto<\/strong>\u00a0(22%).<\/p>\n<\/div>\n

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According to Alcoa, the acquisition is expected to generate approximately $900 million in synergies and immediately improve key financial metrics, including earnings per share and free cash flow.<\/p>\n<\/div>\n

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Alcoa will pay $3.1 billion in cash and issue approximately 17 million new common shares to South32, valued at about $1 billion, bringing the total transaction value to $4.1 billion. The new shares will represent roughly 6% of Alcoa\u2019s outstanding share capital following issuance.<\/p>\n<\/div>\n

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The company has secured financing through a $3.1 billion bridge commitment from Goldman Sachs and plans to replace it with cash on hand and long-term debt before closing.<\/p>\n<\/div>\n

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According to Alcoa, the acquisition will add a portfolio of high-quality, low-cost, globally diversified mining, refining, and smelting assets, further strengthening its integrated \u201cmine-to-metal\u201d platform.<\/p>\n<\/div>\n

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\u201cThis is the type of opportunity Alcoa is prepared to execute,\u201d Alcoa CEO\u00a0William F. Oplinger<\/strong>\u00a0said in a statement. \u201cThese high-quality, globally relevant assets are an excellent fit with our portfolio and align with our strengths as a leading upstream aluminum producer. With our proven operating model and global capabilities, we are well positioned to enhance performance, unlock value, and support the long-term success of these assets within Alcoa.\u201d<\/p>\n<\/div>\n

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The transaction is expected to close in the first half of 2027, subject to approval by South32 shareholders, regulatory clearances, and other customary closing requirements.<\/p>\n

*By\u00a0Victor Meneses, Valor\u00a0\u2014 S\u00e3o Paulo<\/p>\n

Source: Valor International<\/p>\n

https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n

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Deal spans Australia, South Africa, Brazil, including stakes in MRN, Alumar, with synergies estimated at $900m       07\/06\/2026\u00a0 Alcoa\u00a0announced on Tuesday (30) a final agreement to acquire\u00a0South32\u2019s interests in bauxite, alumina, and aluminum assets for approximately $4.1 billion in a cash-and-stock transaction. The deal covers operations in Australia, South Africa, and Brazil\u2014including stakes […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[27006],"class_list":["post-99071","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-alcoa-to-buy-south32s-alumina-and-bauxite-assets-for-4-1bn"],"yoast_head":"\nAlcoa to buy South32\u2019s alumina and bauxite assets for $4.1bn - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/alcoa-to-buy-south32s-alumina-and-bauxite-assets-for-4-1bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alcoa to buy South32\u2019s alumina and bauxite assets for $4.1bn - Murray Advogados\" \/>\n<meta property=\"og:description\" content=\"Deal spans Australia, South Africa, Brazil, including stakes in MRN, Alumar, with synergies estimated at $900m       07\/06\/2026\u00a0 Alcoa\u00a0announced on Tuesday (30) a final agreement to acquire\u00a0South32\u2019s interests in bauxite, alumina, and aluminum assets for approximately $4.1 billion in a cash-and-stock transaction. 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