Alumina Ltd. (AWC.AU) on Tuesday said it has received US$97 million in fully franked dividends from its Alcoa World Alumina and Chemicals, or AWAC, joint venture with Alcoa Inc. (AA) during the fourth quarter of 2010, bringing its full year dividend received to US$234 million.

Alumina Ltd. Chief Executive John Bevan said in a statement that the outlook for the alumina industry is "positive".

"Demand continues to grow and the development of daily and weekly alumina indexes supports the change to indexed based pricing," Bevan added. "The changes will impact our results progressively as new contracts are implemented commencing in 2011."

Alumina Ltd. will report its results for the year to Dec. 31 on Feb. 10.

-By Sydney bureau; 61-2-8272-4680; djnews.sydney@dowjones.com
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