EGA Sent Almost Twice As Much Waste Product As Feedstock To Other Industries Than It Produced In 2002
Emirates Global Aluminium PJSC (EGA) supplied almost double the amount of waste feedstock to other industries in 2022 as it...
EGA
EGA Launches UAE’s Largest Aluminium Recycling Facility
In a significant development for the aluminium industry, Emirates Global Aluminium (EGA) has commenced construction of the United Arab Emirates’ largest aluminium recycling plant. The new facility, located next to EGA’s existing smelter in Al Taweelah, represents a major step in the...
EGA Forms Aluminium Recycling Coalition
Emirates Global Aluminium PJSC (EGA) announced this week the formation of the Aluminium Recycling Coalition, a coalition intended to increase...
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...
Events
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 long-standard US dollar London Interbank Offering Rate. Though long accepted as the gold […]
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 funded its aluminium smelter at Al Taweelah in Abu Dhabi. EGA retired the debt to 13 export credit agencies totaling US$361 million that was negotiated by its subsidiary Emirates Aluminium. The instruments funded phases one […]
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 reduction cells after several years of use. According to the firm, the over 400 reduction cells were also augmented with new steel collector bars with copper inserts, which are intended to improve performance at the […]
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 […]
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 ...
