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In the alumina segment, revenues rose by 6% due to higher prices and increased shipments, while the aluminum segment saw a 3% revenue drop from lower prices and shipment timing.
Alumina production fell by 4% to 2.67 million metric tons and aluminum production remained stable at 542,000 metric tons.
Alcoa also finalized acquiring Alumina Limited and projects full-year alumina production of 9.8 million to 10 million metric tons and shipments of 12.7 million to 12.9 million metric tons.
Key achievements include expanding its Fatality Risk Management program, completing over 650,000 safety verifications, aligning facilities with the Tailings Management Standard and enhancing workplace inclusivity.
The company increased female leadership to 33%, reduced freshwater use by 31% since 2018 and met a $20 million commitment to support communities affected by COVID-19.
Newmont has been ranked as the top gold mining company on the Dow Jones Sustainability Index for nine years and is also highly ranked on 3BL’s Corporate Citizens list.
Also Read: New Canadian Budget Deemed Mixed Bag For Mining Sector
President and CEO Jason Barnard will present on May 1 and hold investor meetings on May 2.
Now Read: Rio Tinto’s Next Chief Commercial Officer Says Building Mines Is Better Than Buying: Here’s How Long It Takes
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