Asia

Emirates Global Aluminium Inaugurates New High-Efficiency Gas Turbine At Jebel Ali

Emirates Global Aluminium Inaugurates New High-Efficiency Gas Turbine At Jebel Ali

Emirates Global Aluminium PJSC (EGA), Mubadala Investment Company, and Dubal Holding completed a new power plant at Jebel Ali that it says is its most efficient power generation system to date. The firm marked the opening of the new power plant with...

Events

EGA Chooses Banks For Coming IPO: Sources

Sources claiming knowledge of the situation say Emirates Global Aluminium PJSC (EGA) is on the verge of selecting the three banks it intends to use to launch its initial public offering (IPO) later this year. Unnamed sources told Bloomberg last week that EGA’s owner Mubadala Investment Co. will name Citigroup Inc., Goldman Sachs Group Inc., […]

Hongqiao “Progressing Smoothly” At Alumina Refinery Construction In Indonesia

Chinese aluminium behemoth China Hongqiao Group is poised to begin the second phase of construction at its alumina plant in Indonesia according to an adviser to the firm. Hongqiao’s project is hitting full swing just as prices for the aluminium precursor hit highs not seen in many months. Production at Hongqiao’s Well Harvest Winning alumina […]

EGA’s Al Taweelah Refines Record 1.09 MMT Of Alumina In 2021’s First Half

Emirates Global Aluminium PJSC (EGA) turned in results for the first half of 2021 this week. The firm showed a strong rebound from last year’s pandemic-related challenges. In the year’s first half EGA turned a net profit of US$473 million, up from last year’s second-half total of US$178 million and reversing the first-half loss of […]

Alba Opens Jetty Extension At Port Facilities

Aluminium Bahrain B.S.C. (Alba) commissioned the new marine jetty extension at the firm’s port facilities this week. The new jetty will allow ships of a much larger size to be used for importing alumina. The new jetty extension is part of a larger project to increase production at Reduction Line 6, which will double Alba’s […]

Sources Say Emirates Global Aluminium Pondering IPO

Sources say Emirates Global Aluminium PJSC (EGA) is weighing a possible initial public offering (IPO) in 2022 after the firm refinanced a significant chunk of its debt this week. Wire service Reuters is reporting that a trio of sources claiming knowledge revealed to them that the UAE’s aluminium smelter is considering offering between ten and […]