• Alcoa agreed to buy South32’s interests in bauxite mining, alumina refining, and aluminum smelting operations under an umbrella implementation deed dated June 30, 2026.
• Upfront consideration totals USD 3.1 billion cash, subject to adjustments, and about 17 million Alcoa common shares valued at about USD 1 billion.
• The share consideration was set using a 10-day VWAP of USD 58.79 per share, representing about 6% of outstanding shares post-issuance.
• South32 can receive up to USD 750 million in contingent cash tied to average alumina and aluminum prices over four annual periods starting July 1, 2026.
• Closing is expected in the first half of 2027, subject to South32 shareholder approval and required regulatory clearances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alcoa Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-26-010155), on July 02, 2026, and is solely responsible for the information contained therein.