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Alcoa Inc (AA) Financial News - Alcoa Starts Construction of Refinery at Saudi Venture

Alcoa Inc (AA)

Alcoa Starts Construction of Refinery at Saudi Venture

Quote: “We’re near very high-population areas.” Ma’aden owns 75 percent of the venture and New York-based Alcoa owns 25 percent, Mike Belwood, a spokesman for Alcoa, said in a telephone interview. Alcoa provides technical expertise for the refinery, smelter and mill and Saudi Arabia is building infrastructure for the project including a port, rail line and power plant, Belwood said. The rolling mill and smelter will begin production in 2013 and the mine and refinery will start up in 2014. Selmquist1@bloomberg.net scasey4@bloomberg.net. ...
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