Alcoa exits Jamalco; Noble sees upstream opportunity
Alcoa recently agreed with Noble Group to sell its 55% holding in Jamalco, owner of the Clarendon refinery, mines and associated infrastructure, for US$140 million. The deal followed the initial letter of intent signed some months ago and now releases AWAC from the low margins and at times loss making operation.
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Alcoa exits Jamalco; Noble sees upstream oportunity