Australian metals miner South32 announced last week a new alumina supply agreement with Aluminium Bahrain B.S.C. (Alba).
The new agreement will run for ten years beginning in 2023 and volume options in the agreement allow the supply requirement to increase by 1.25 million metric tons per annum. Alba benefits from the new arrangement by having in place a stable supply of alumina for the medium term.
South32 Chief HR and Commercial Officer Brendan Harris said in a press release that the deal was highly beneficial for his firm.
“We are delighted to further strengthen our strategic relationship with Alba. Securing a long-term offtake with one of the largest buyers in the market is a fantastic outcome for our business.”
Alba Chief Supply Officer Waleed Tamimi said that the long-term linkup with South32 made great business sense.
“Worsley Alumina is a natural supplier for Alba from a reliability, quality and geographic proximity perspective; we are also pleased to continue our long-term relationship with South32.”
Based in Perth, Western Australia, South32 began in 2015 as a spin-off of BHP Billiton. The firm operates mines in Australia, South America, and South Africa, and markets bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal, and manganese.