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...
Emirates Global Aluminium PJSC
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...
EGA Awards US$34 MM Guinea Bauxite Mining Contract To Domestic Firm Guinéenne de Prestation et de Construction
Emirates Global Aluminium PJSC’s (EGA) wholly-owned subsidiary Guinea Aluminium Corporation awarded a major contract to a domestic construction firm as...
Emirates Global Aluminium And GE To Explore Switching Gas Turbines To Hydrogen
In an effort at culling greenhouse gas emissions from its aluminium smelting operations, Emirates Global Aluminium PJSC (EGA) announced over...
Events
EGA Joins National Partnership Aimed At Doubling Its Impact On The Domestic Economy By 2040
Emirates Global Aluminium PJSC (EGA) announced this week that it will participate in the United Arab Emirates’ Ministry of Industry & Advanced Technology’s (MoIAT) in-country value (ICV) program as part of a push to double its impact upon the country’s economy by 2040. Representatives from EGA met with ministers from the UAE’s Ministry of Industry […]
EGA Commissions New Aluminium Production Capacity At Al Taweela Smelter
Emirates Global Aluminium PJSC (EGA) officially completed the latest expansion at its Al Taweela aluminium smelter over the weekend. The project expanded the Al Taweela smelter’s nameplate capacity to 78 thousand metric tons per annum by installing 66 new state-of-the-art reduction cells. EGA notes that the cells use entirely domestic technology, as have all expansions […]
Emirates Global Aluminium Inaugurates New High-Efficiency Gas Turbine At Jebel Ali
Emirates Global Aluminium PJSC (EGA), Mubadala Investment Company, and Dubal Holding completed a new power plant at Jebel Ali that it says is its most efficient power generation system to date. The firm marked the opening of the new power plant with a ceremony attended by several government and corporate officials last week. The AED1 […]
EGA Chooses Banks For Coming IPO: Sources
Sources claiming knowledge of the situation say Emirates Global Aluminium PJSC (EGA) is on the verge of selecting the three banks it intends to use to launch its initial public offering (IPO) later this year. Unnamed sources told Bloomberg last week that EGA’s owner Mubadala Investment Co. will name Citigroup Inc., Goldman Sachs Group Inc., […]
EGA’s Al Taweelah Refines Record 1.09 MMT Of Alumina In 2021’s First Half
Emirates Global Aluminium PJSC (EGA) turned in results for the first half of 2021 this week. The firm showed a strong rebound from last year’s pandemic-related challenges. In the year’s first half EGA turned a net profit of US$473 million, up from last year’s second-half total of US$178 million and reversing the first-half loss 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 ...
