Line 6 Project

Alba Refinances US$1.5 Billion Loan Facility Funding 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...

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). […]