Alumina Limited
(ASX:AWC) says it has secured a long term energy supply for its Alcoa of Australia operations.
Alumina says the new 12 year deal secures around 75 per cent of the gas needed to replace agreements which expire by 2020.
However, Alumina says the deal is conditional on the Brookfield Asset Management and Macquarie Capital acquisition of the Western Australian gas and oil assets of Apache Corporation.
Alumina also reports that global partner Alcoa has reported a 7 per cent rise in first quarter revenues and remains on track from robust global growth of 9-10 per cent in 2015.
Alumina reported a net loss of $120 million for the 2014 calendar year.
