EGA And Ma’aden Extend Aluminium Technology Partnership

EGA And Ma’aden Extend Aluminium Technology Partnership

Emirates Global Aluminium PJSC (EGA) has extended its agreement with state-owned mining firm Saudi Arabian Mining Company (Ma’aden) to explore and maximize opportunities in the aluminium sector.

This week’s agreement tacks on to the end of a 2018 Memorandum of Understanding to coordinate on the development of aluminium smelting technology, including technology that will reduce the emission of greenhouse gases. The two firms will also cooperate on new ways of handling by-products from aluminium production and aluminium-recycling technology.

EGA’s Chief Executive Officer Abdulnasser Bin Kalban said in a press release that his firm looks forward to continuing the cooperative effort.

“We are pleased to extend our agreement with Ma’aden on potential cooperation in technology and other development to support further the sustainability of our two companies. The successful tackling of big challenges can only be accelerated by companies working together.”

Senior Vice President of Ma’aden’s Aluminium business Riyadh Al Nassar said the partnership would yield greater gains for sustainable aluminium production.

“Aluminium is one of the world’s most crucial metals for many global industries going into a future that is focused on environment and sustainability. This partnership aims to increase the cooperation between Ma’aden and EGA to work together, including towards more sustainable aluminium production.”

Based in Abu Dhabi, United Arab Emirates, Emirates Global Aluminium is an aluminium conglomerate created by the merger between Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL) in 2013. EGA had an estimated enterprise value of US$15 billion at the time the merger took place. The firm is owned equally by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai. Emirates Global Aluminium holds interests in bauxite/alumina and primary aluminium smelting.