Alba Refinances US$1.5 Billion Loan Facility Funding Line 6 Expansion Project
Aluminium Bahrain B.S.C. announced yesterday the successful refinancing of a US$1.5 billion syndicated loan facility that the firm has been...
Asia
Nalco Mulling Return To Long-Term Sales Contracts For Surplus Alumina
Citing a fall in global alumina prices, India’s state-run aluminium firm National Aluminium Company Ltd (Nalco) said late last week that it will reboot its strategy regarding sales of the aluminium precursor, with a return to long-term contracts likely. Up until recently...
EGA Holds Workshop To Encourage Participation In ASI From UAE Downstream Aluminium Firms
Emirates Global Aluminium PJSC (EGA) encouraged its compatriot aluminium companies to engage with the industry trade group the Aluminium Stewardship...
EGA Inks Five-Year Bauxite Supply Agreement With Xinfa From GAC Mines In Guinea
Emirates Global Aluminium PJSC (EGA) said earlier this week it has come to a five-year agreement with Xinfa to supply...
Events
EGA To Increase Premium Aluminium Sales To BMW
Emirates Global Aluminium PJSC (EGA) announced earlier this week its plans to substantially increase its supply to German automaker BMW for use in engine production. According to the firm, the agreement to supply premium aluminium to BMW, which began in 2013, has been extended through 2022 and will require a significant increase in supply. Neither […]
EGA Begins New Round Of Research Collaboration With MIT
Emirates Global Aluminium PJSC (EGA) began a new phase in its ongoing research partnership with the Massachusetts Institute of Technology (MIT) last week. The partnership, which began five years ago, features an eight-week visit by MIT Master’s and Ph.D. students from the David H. Koch School of Chemical Engineering Practice to EGA’s plants at Jebel […]
Malaysian Government To Begin Issuing Bauxite Mining Licenses By End Of January
The Malaysian government will begin to issue mining licenses to bauxite miners within the next three months according to a statement made by a federal minister today. Malaysia’s water, land and natural resources minister Xavier Jayakumar revealed to reporters at parliament earlier today that bauxite mining licenses would begin to be issued in December or […]
Alba Adds New Custom Fire Truck To Safety Vehicle Fleet
Aluminium Bahrain B.S.C. announced a new addition to its safety vehicles today as it added to the fleet a custom-made fire truck that features state-of-the-art fire-fighting equipment. The vehicle, which was produced by a United States company specifically for Alba, complies with international fire safety standards and Bahrain’s requirement that it be able to service […]
Alba Reports 53 Percent Bump In Gross Profit For Q3
Aluminium Bahrain B.S.C. reported financial results for the third quarter and opening three months of 2019 yesterday. A weak global market for aluminium notwithstanding, the firm reported increases in both sales and profit for the just-ended quarter. In the third quarter, Alba generated a Profit and Total Comprehensive Income of BD10.7 million (US$28.5 million), down […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
