Asia

Sources Say Emirates Global Aluminium Pondering IPO

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...

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Events

ASI Certifies Ma’aden Aluminium Facilities Against Performance and Chain Of Custody Standards

ASI Certifies Ma’aden Aluminium Facilities Against Performance and Chain Of Custody Standards

Trade group Aluminium Stewardship Initiative certified the bauxite mining, alumina refining, and aluminium casting and rolling operations of Ma’aden Aluminium this week against its Performance and Chain of Custody standards. The ASI certified Ma’aden’s bauxite mining at the Al Ba’itha mine in Qassim Province, and its alumina refining and smelting, aluminium re-melting, and casting and […]

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Vedanta Aluminium Purchases Massive Block Of Renewable Energy From Indian Energy Exchange

Vedanta Aluminium Purchases Massive Block Of Renewable Energy From Indian Energy Exchange

India’s larges aluminium producer Vedanta Aluminium Business became the country’s biggest purchaser of renewable energy for the first quarter of FY 21-22 on the Indian Energy Exchange Limited (IEX) this week after it bought 354 million units of solar and non-solar renewable energy from the Green Term-Ahead Market (GTAM). The Vedanta Limited subsidiary is utilizing […]

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EGA To Reuse Spent Caustic Soda From Compatriot Firm Gulf Extrusions

EGA To Reuse Spent Caustic Soda From Compatriot Firm Gulf Extrusions

Emirates Global Aluminium PJSC (EGA) announced this week an agreement with Al Ghurair Group subsidiary Gulf Extrusions to ship its industrial waste to EGA for re-use in place of fresh raw materials. Per the agreement, Gulf Extrusions will ship about 450 metric tons per month of spent caustic soda from its extrusion plants in Abu […]

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Alba Sets Financial Highs In Q2 Across The Board

Alba Sets Financial Highs In Q2 Across The Board

Aluminium Bahrain B.S.C. (Alba) reported results for the second quarter and first half of 2021 yesterday, showing improvements over last year across the board. In the year’s first half, Alba reported a Total Comprehensive Income of BD90.6 million (US$241.1 million), reversing a loss from last year, up by 598 percent. Gross Profit for the quarter […]

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EGA’s Suggestion Scheme Saves AED416 MM In Forty Years

EGA’s Suggestion Scheme Saves AED416 MM In Forty Years

Emirates Global Aluminium PJSC (EGA) marked the 40th anniversary of its Suggestion Scheme last week. Over the previous four decades the Suggestion Scheme has received over half a million suggestions from EGA employees and has saved the company roughly AED416 million (US$113 million). The EGA Suggestion Scheme was first launched in 1981 by then-Head of […]

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