Business

Emirates Global Aluminium Expects IPO By Coming Summer

Emirates Global Aluminium Expects IPO By Coming Summer

An initial public offering (IPO) for Emirates Global Aluminium PJSC (EGA) may come as soon as this summer according to one of the firm’s major shareholders. Mubadala Investment Co. Chief Executive Officer Khaldoon Khalifa Al Mubarak said on the sidelines of the...

Events

EGA Forms Aluminium Recycling Coalition

Emirates Global Aluminium PJSC (EGA) announced this week the formation of the Aluminium Recycling Coalition, a coalition intended to increase the rate of aluminium recycling in the United Arab Emirates. Among the members of the new coalition are Abu Dhabi Waste Management Company (Tadweer), Aujan Coca-Cola Beverages Company, Coca-Cola Al Ahlia Beverages Company, BEEAH Tandeef, […]

Slovalco Ends Aluminium Production After 70 Years

After 70 years of aluminium production, Slovakia’s lone smelter is calling it quits. Slovalco announced last week that it has made the decision to end aluminium smelting due to ever-rising energy prices. The plant, which is located in Žiar nad Hronom, said that energy prices have risen to such an extent that it can no […]

Rio Tinto Praises Australian Government’s New Carbon Emissions Reduction Policy

Anglo-Australian mining giant Rio Tinto Group praised the Australian government’s new emissions-reduction policy last week for the support it will offer to the country’s heavy industries, including bauxite mining. Australia’s new policy will begin on July 1 and require the country’s most prolific carbon emitters to reduce their carbon production by 4.9 percent each year […]

GFG Alliance Cuts Production At UK Facilities Due To High Energy Costs

Sanjeev Gupta’s Liberty Steel will be idling two plants in the United Kingdom and cutting production at several others on account of high energy prices. Liberty Steel’s parent company GFG Alliance said that its plant at Newport, Wales and West Bromwich will fall idle soon, while production at its Rotherham plant will be reduced. In […]