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...
Emirates Global Aluminium (EGA)
EGA Boosts Amperage To 500kA At Al Taweelah Aluminium Smelter
Emirates Global Aluminium PJSC (EGA) announced last week that it has started operations at its DX+ Ultra reduction cells at an amperage of 500kA, the highest amperage reached by alumininium smelters in the Middle East to date. Boosting the amperage to 500kA...
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...
EGA And INALUM Ink Memorandum Of Understanding On Brownfield Aluminium Smelter Expansion In Indonesia
Emirates Global Aluminium PJSC (EGA) and PT Indonesia Asahan Aluminium (INALUM) signed a Memorandum of Understanding last week to cooperate...
Events
Aluminium Bahrain and Emirates Global Aluminium Ink Technology Cooperation Agreement
Aluminium Bahrain B.S.C. (Alba) and Emirates Global Aluminium PJSC (EGA) have signed a Memorandum of Understanding on technology cooperation between the two firms this week. Details of the MoU were sparse, but the document evidently contemplates to find ways for the two companies to work towards increasing production at Alba’s Line 6 smelter and to […]
EGA Enters Partnership With Several Other Compatriot Firms To Enhance Aluminium Decarbonization Effort
Aluminium smelter Emirates Global Aluminium (EGA) announced last week a partnership with Abu Dhabi National Energy Company PJSC (TAQA), Dubal Holding, and Emirates Water and Electricity Company (EWEC) to increase solar power use, optimize power generation, and cut carbon production at its aluminium operations in the United Arab Emirates. Though official approvals have yet to […]
EGA To Begin Construction On Plant To Convert Bauxite Waste To Usable Soil
Emirates Global Aluminium PJSC (EGA) will soon begin construction on a plant to convert bauxite residue to usable soil, the first such on Earth. The pilot plant is the product of five years of research and development between EGA and the University of Queensland’s School of Agriculture and Food Sciences. The process developed will take […]
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 Inks Bauxite Supply Agreement With Bosai Minerals Group
Emirates Global Aluminium PJSC (EGA) announced this week the signing of a three-year agreement with China’s Bosai Minerals Group to supply the firm with bauxite ore from its operations in the West African state of Guinea. EGA did not give specific details of the agreement, indicating only that it would supply “several million tonnes” of […]
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 ...
