Alcoa said in New York late on Tuesday its second-quarter profit would be 2 cents to 3 cents a share lower as a result of the force majeure on its supply contracts for alumina, the raw material it uses in its smelters to produce aluminum.
Alcoa of Australia is 60 percent owned by U.S. based Alcoa and 40 percent owned by Alumina Ltd
An explosion on June 3 at Apache Energy's
The state supplies about a third of the world's iron ore, 20 percent of the gold and tens of thousands of tonnes of copper, nickel, zinc, lead and other industrial staples. It is home to 1,030 operating mine, producing over 50 different minerals. Apache has said it would be two months or more before gas supply was restored [ID:nSYD25010], prompting a rush among miners to find alternative sources.
Australia's national government has offered help to Western Australia state, media reports said on Wednesday.
The state's other main gas supplier, Woodside Petroleum Ltd
BHP Billiton Ltd/Plc
We view the gas situation in WA (Western Australia) with some concern, Chief Executive Marius Kloppers said in an interview broadcast on Sky Business television on Wednesday. There's no doubt there's been an impact.
BHP produces nearly 3 million tonnes of alumina from its Worsley refinery in Western Australia, as well as 165,000 tonnes of nickel, 100 million tonnes of iron ore and other minerals from other sites using gas from Apache.
About a quarter of BHP's profits come from Western Australia. BHP's iron ore and nickel mines were running normally, a company spokeswoman said.
After finding other sources of gas, Minara Resources Ltd
Oxiana Resources Ltd
Rio Tinto Ltd/Plc
Newcrest Mining Ltd
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