Difficult Aluminium Market Leads To Bottom-Line Struggles For Alba In Q1
Aluminium Bahrain B.S.C. released results for the year’s opening quarter earlier this week. Lower LME prices teamed up with higher...
Line 6 Expansion Project
Alba Refinances US$1.5 Billion Loan Facility Funding Line 6 Expansion Project
Aluminium Bahrain B.S.C. announced yesterday the successful refinancing of a US$1.5 billion syndicated loan facility that the firm has been using to fund the Line 6 Expansion Project. Per the firm, the new terms of the facility give it an 8-year tenor...
Alba Commissions 106 New Aluminium Smelting Pots On Line 6
Aluminium Bahrain B.S.C. announced earlier this week the opening of over one hundred pots on its new Line 6, bringing...
Alba’s Line 6 Aluminium Potline Reaches 50 Percent Capacity
Aluminium Bahrain B.S.C. announced over the weekend another milestone in its Line 6 Expansion Project with the handover of over...
Events
Alba Commissions 40 New Pots On Line 6
Aluminium Bahrain B.S.C. updated investors on its Line 6 Expansion Project earlier this week, noting the successful testing of over three dozen pots, all of which are now fully operational. In addition to bringing 40 new potlines online, Alba pointed out the safety record achieved in the process. Per the firm, employees on the project […]
One-Fifth Of Alba’s Line 6 Aluminium Destined For Spot Market
Around one-fifth of the primary aluminium to roll off Aluminium Bahrain’s new Line 6 is slated for sale on the global spot market according to the firm’s CEO Tim Murray. In a recent interview with S&P Global Platts, Murray said the US$3-billion project is on the verge of first production. “We commissioned it on December […]
Alba Concludes Second Tranche Of ECA Financing For Line 6 Expansion Project
Aluminium Bahrain B.S.C. (Alba) announced on Sunday the closure of the last installment of the second tranche of Export Credit Agency (ECA) financing for Alba’s Line 6 Expansion Project. Per the firm, the second tranche consists of a ten-year, US$136-million Export Development Canada (EDC) facility and a €90-million (US$102 million) Japan Bank for International Cooperation […]
Alba Commissions Line 6 Two Weeks Ahead of Schedule
Months of construction came to an end at Aluminium Bahrain B.S.C. (Alba) earlier this week after the firm commissioned Potline 6, making the firm’s operations the largest single-site aluminium smelter on Earth. The commissioning, which involved energizing the pot for the first time, occurred almost two weeks ahead of the scheduled completion date of January […]
Despite Rising Alumina Costs, Alba Turns In Strong Third Quarter
Aluminium Bahrain B.S.C. (Alba) reported financial results for the third quarter of 2018 yesterday. Though sales volumes in the quarter rose, a rise in alumina prices tempered bottom-line gains. In the just-ended quarter, Alba recorded a net income of BD14.3 million (US$38 million), off by 44 percent on the year from BD25.8 million (US$68.5 million). […]
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 and industry experts from all over the world to hear and exchange information on latest developments related to base metals and their ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
International Aluminium 2019 Conference – Key Takeaways
The FastmaketsMB aluminium conference is the sequel to the Metal Bulletin aluminium conferences, which have traditionally been one of oldest ...
