Asia

EGA Greets Region’s First-Ever Capesize Vessel To Khalifa Port In Abu Dhabi

EGA Greets Region’s First-Ever Capesize Vessel To Khalifa Port In Abu Dhabi

Yesterday, Emirates Global Aluminium PJSC (EGA) greeted the arrival of the region’s first fully-laden Capesize vessel at its quay at the Khalifa Port in Abu Dhabi. The arrival marks the beginning of bauxite shipments to fuel the new alumina refinery in Al...

Events

India’s Aluminium Trade Groups Again Call Upon Government To Implement Safeguards

With the finer details of next fiscal year’s budget being ironed out, India’s aluminium sector again took up its call to increase import duties on primary, scrap, and downstream aluminium, and rationalization of aluminium production input costs. The Federation of Indian Chambers of Commerce and Industry (FICCI) and the Aluminium Association of India (AAI) have […]

India Trade Group Calls For Relief From GST On Aluminium Products

Indian trade group Confederation of All India Traders (CAIT) called upon its government to cut goods and services taxes (GST) on a variety of products produced domestically last week, including aluminium utensils and auto parts. The Confederation also counseled a review of other items that were assigned other tax treatment by the country’s GST regime […]

Vietnam Levies Antidumping Duties On Imports Of Aluminium Extrusion And Bar From China

Vietnamese officials confirmed yesterday the imposition of antidumping duties on aluminium extrusion and bar imports from the People’s Republic of China following a five-month investigation. On Wednesday the Vietnamese Ministry of Industry and Trade announced the duties, which range from 2.46 percent to 35.58 percent. The duties, which are slated to run for 120 days, […]

Press Metal Inks Deal To Buy 25% Stake In PT Bintan Alumina Indonesia

Southeast Asia’s biggest aluminium smelter Press Metal Aluminium Holdings Bhd came to an agreement to purchase a 25-percent share in PT Bintan Alumina Indonesia last week. According to press reports, the agreement took the form of a Memorandum of Understanding, with details of the deal left to be agreed upon at a later date. Bintan […]

EGA Inks US$750 Million Funding Deal For Guinea Bauxite Mine Project

Emirates Global Aluminium PJSC (EGA) revealed on Tuesday that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) closed a US$750-million financing deal to fund one of the country’s biggest-ever greenfield mining project. Per EGA, the loan has a 12- to 14-year tenor and is funded by a combination of development finance institutions, export credit agencies, and […]