EGA

Emirates Global Aluminium Agrees To US$137.5 MM Credit Facility Tied To Term SOFR

Emirates Global Aluminium Agrees To US$137.5 MM Credit Facility Tied To Term SOFR

Emirates Global Aluminium PJSC (EGA) announced this week that it has entered into a new US$137.5 million revolving credit facility that is tied to the new Term Secured Overnight Funding Rate (SOFR). Per the firm, SOFR is an emerging replacement for the...

Events

EGA Ships First Bauxite From Guinea Mines

Emirates Global Aluminium PJSC (EGA) announced yesterday the first exports of bauxite ore from its mines in the West African state of Guinea under the auspices of Guinea Alumina Corporation (GAC). Per EGA, the commencement of bauxite ore shipments marks the beginning of the company’s status as an integrated aluminium major. The opening of this […]

EGA, Glencore In Talks With Bosnian Government Over Struggling Aluminij Smelter

Talks are underway over the fate of Bosnian aluminium smelter Aluminij d.d. Mostar, as Emirates Global Aluminium PJSC and Glencore plc have both expressed interest to the Bosnian government regarding the formation of a strategic partnership with the struggling plant. According to domestic reportage, EGA is in the early stages of developing a plan for […]

EGA Expands Bauxite Residue Research Partnership With Belgian Firm

UAE’s Emirates Global Aluminium PJSC (EGA) announced earlier this week the widening of a partnership with Belgian research and technology organization Vlaamse Instelling voor Technologisch Onderzoek (VITO) dedicated to discovering new and different beneficial uses of bauxite ore residue. Per EGA, the companies will begin two new studies, the first of which involves using bauxite […]

EGA Train Delivers First Guinean Bauxite Ore Shipment To The Coast

UAE aluminium smelter Emirates Global Aluminium PJSC (EGA) announced yesterday the departure of the first train loaded with bauxite from subsidiary Guinea Alumina Corporation’s mine and its safe arrival to port facilities on the coast. The milestone three-hour, 55-mile journey consisted of 80 railcars loaded with 6,800 metric tons of raw bauxite ore. The ore […]