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...
EGA
Emirates Global Aluminium Post Net Profit Of US$1.6 Billion In 2022’s First Half
Emirates Global Aluminium PJSC (EGA) released results for the first half of 2022 this week. Numbers were up across the board due to both an improvement in operational performance and a global economic recovery from the depths of the COVID-19 recession. In...
EGA Retires US$361 MM In Indebtedness Early In 2021
Emirates Global Aluminium PJSC (EGA) announced last week the full repayment ahead of schedule of the project finance facilities that...
EGA Completes Refurbishment At Al-Taweelah Aluminium Smelter’s Potline 3
Emirates Global Aluminium (EGA) completed a major refurbishment of its Potline 3 at the Al-Taweelah aluminium smelter, having relined the...
Events
EGA Inks Long-Term Deal To Buy Calcined Petroleum Coke From Abu Dhabi National Oil Company
Emirates Global Aluminium PJSC (EGA) and the Abu Dhabi National Oil Company (ADNOC) announced yesterday the execution of a long-term agreement for ADNOC to provide to EGA calcined petroleum coke produced by the firm’s new Carbon Black and Delayed Coker (CBDC) in western Abu Dhabi. With this new agreement, EGA will have the advantage of […]
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 […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
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 ...
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 ...
