Alcoa receives WA govt approval for 2023-2027 bauxite mine plan; A$100M guarantee

Alcoa Corp

WA Government approves Alcoa's 2023-2027 Mining and Management Program for Huntly and Willowdale bauxite mines.
Exemption granted to continue mining if EPA decides to assess the MMP; EPA determination expected by year-end 2023.
Alcoa provides A$100 million (approx. US$66 million) guarantee to protect drinking water supplies.
Annual forest clearing capped at 800 hectares; rehabilitation rate to double to 1,000 hectares/year by 2027.
Alcoa commits to modernize approvals framework and transition new mine regions to EPA assessment process.

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