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WMC to split alumina assets, rejects Alcoa overtures

WMC intends to separate its interest in Alcoa World Alumina and Chemicals from its other resource interests after rejecting a $10.20 takeover proposal from AWAC venture partner, Alcoa.

MiningNews.Net

Melbourne-based WMC said this morning it plans to separate its assets into two listed companies which at first will be owned by existing shareholders. One vehicle will hold its 100% owned and operated...

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