Inc.s joint venture with Saudi Arabian Mining Co.
(Maaden) is on track, on budget and about 80 percent
completed, according to Alcoas top executive.
smelter began operations in December 2012 and should be "fully
online" by the end of 2013, Alcoa chairman and chief executive
officer Klaus Kleinfeld said during an earnings call July
aluminum rolling mill is about 82 percent completed and is
expected to roll its first coil in December, according to
refinery is 57 percent finished, its mine "just started" and
the "last piece" of the project is 20 percent completed, he
said. "Totally on track."
The aluminum smelter
at Ras Al Khair, Saudi Arabia, is forecast to have an initial
production capacity of about 740,000 tonnes annually, and is
expected to source bauxite and alumina from within Alcoas
production system until initial commercial production from the
mine and refinery in 2014 (
amm.com, Dec. 13).
Alcoa has said the
rolling mill will be the first in the Middle East capable of
producing food-grade can sheet, as well as sheet for the
automotive, building and construction sectors.
The project also
includes a bauxite mine with a projected initial capacity of 4
million tonnes per year and an alumina refinery with an initial
capacity of 1.8 million tonnes per year, the Pittsburgh-based
company has said.