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Alcoa to raise $US1.1B on market

ALUMINIUM producer Alcoa is slashing costs and pushing ahead with a $US1.1 billion ($A1.67 billion) raising to shore up working capital.

Kate Haycock
Alcoa to raise $US1.1B on market

The company – which operates several bauxite mines, alumina refineries and smelters in Australia as well as operations around the world – said it would reduce costs by more than $2.4 billion annually and...

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