ALUMINA LTD: LOWER 2016 OPERATING COSTS AND CAPEX ESTIMATES INCREASE EARNINGS AND CASH FLOW; LONG TERM ALUMINUM PRICE ESTIMATES OF $0.87/LB DETRACT FROM PRICE TARGET 10/20/2016

ALUMINA LTD: LOWER 2016 OPERATING COSTS AND CAPEX ESTIMATES
INCREASE EARNINGS AND CASH FLOW; LONG TERM ALUMINUM PRICE
ESTIMATES OF $0.87/LB DETRACT FROM PRICE TARGET 10/20/2016