AWAC average realised alumina price per tonne US$234/tonne as compared to US$321 at June 2015 | Alumina average cash cost declined by US$30/Tonne or US$39/tonne after excluding all curtailed refinery operations | Net debt US$80m as compared to US$101.2m at Dec 2015. Gearing reduced to 3.7% as compared to 4.8% at Dec15 | Net operating cash flow up 103% to US$34.5m.