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Alcoa and Ignis Aq, an energy company, Alcoa entered the joint venture (JV) to provide sustainable and sustainable operations in the San Ciprián complex.
On March 31, 2025, the Alcoa in force shows 75% of the COMPLEX and as a management operator, the remaining 25% stake will continue as a management operator with an exa.
Alcoa and Ignis EQT, 81 million dollars and $ 27 million, $ 27 million and $ 27 million in accordance with JV financed the operations of the complex.
In addition, Alcoa can provide up to $ 108 million (€ 100 m) if necessary for the priority position in future cash income.
Additional finances will require consent of both partners and distributed by Alcoa by 75% and 25%, Ignis EQT.
The agreement, in 2025, in 2021, simplifies the restructuring of coolness after decreasing in 2021 due to high energy costs.
The restart is part of the macilit agreement signed between Alcoa and employees.
The work was already ongoing before the announcement of JV.
In 2024, San Ciprián Smelter registered the negative cash with about $ 50 million and the negative cash with about $ 60 million.
Net cash has caught the compensation, expenses and limited production of employees to meet customer obligations.
For 2025, Alcoa, equal to 0.31-0.39 dollars per share, a net damage to about 80 m-100 m. Related cash used by transactions is expected to be $ 90 million.
Capital expenditures (CAPEX) are estimated to $ 10 million, including Alcoa’s unchanged Capex management for the resumption of Smelter.
JV is the result of AlcoA’s efforts to improve its long-term outlook for San Ciprián operations.
This combines the experience of global aluminum operations with knowledge of EGRIC energy markets in Ignis.
The partnership was first declared in October 2024 in cooperation with the stakeholders of San Ciprián.
In September 2024 there was Alcoa Agreed to sell the share of 25.1% Ma’aden JV to Saudi Arabia Mining Company (Ma’aden) about $ 1.11 billion (SR4.13bn).
In the agreement, Ma’aden includes $ 950 million in shares and $ 150 million in cash.
“Alcoa, Ignis Aqq, JV” to support San Ciprián complex operations in Spain, was originally created and published Mining technologyA global brand.
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