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King backs Alcoa’s $5.9bn South32 acquisition
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King backs Alcoa’s $5.9bn South32 acquisition
Aluminium. Image: fotomowo/stock.adobe.comFederal Resources Minister Madeleine King has backed Alcoa’s move to acquire South32’s aluminium assets, describing the deal as a vote of confidence in Australia’s resources sector and manufacturing capabilities. Alcoa has entered into a binding conditional agreement to purchase South32’s interests in a portfolio of bauxite, alumina and aluminium operations, including Worsley Alumina in Western Australia…
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