Line 6 Project

Alba’s Net Profit Back in Black for Fourth Quarter 2016

Alba’s Net Profit Back in Black for Fourth Quarter 2016

Aluminium Bahrain released results for the fourth quarter and full year of 2016 earlier this month. Total sales for the fourth quarter were US$483 million, down 2% year-on-year from 2015’s fourth-quarter total of US$469 million. Net profit for the quarter totaled US$36.5...

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Events

Alba Announces Appointment of New Finances Manager

Alba Announces Appointment of New Finances Manager

Aluminium Bahrain announced an executive appointment earlier this week, having named Ahmed A. Qader Ishaq the new manager for financial accounting and controlling. Ishaq is a Certified Public Accountant and has been with the firm for just over six years, joining as head of internal auditing. He is working towards an MBA at ESSEC through […]

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Alba Increases Line 6 Loan Amount to US$1.5 Billion

Alba Increases Line 6 Loan Amount to US$1.5 Billion

Aluminium Bahrain B.S.C. (Alba) announced on Thursday that it has garnered commitments in the amount of US$1.5 billion for the commercial loan facility needed to complete the firm’s Line 6 project. Alba is planning to become the owner of the world’s largest aluminium smelting complex, with Line 6 boosting the firm’s capacity from 540,000 metric […]

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Alba Selects GE and GAMA Consortium for Line 6 Power Station EPC Contractor

Alba Selects GE and GAMA Consortium for Line 6 Power Station EPC Contractor

Aluminium Bahrain B.S.C. (Alba) has named GE and GAMA Consortium the Engineering, Procurement and Construction (EPC) for the former’s planned Power Station 5, the power station responsible for powering the planned Line 6. Alba made the announcement on Monday. According to the terms of the contract, GE and GAMA Consortium will design, engineer, procure, construct, […]

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Alba to Seek More than Original Loan Amount of US$750 MM for Line 6

Alba to Seek More than Original Loan Amount of US$750 MM for Line 6

The Kingdom of Bahrain’s Aluminium Bahrain (Alba) is planning to increase the loan amount it seeks from its financial backers for the firm’s Line 6 project. According to its CEO, strong support from banks has prompted it to ask for more than the original US$750 million contemplated at the outset. Upon the completion of the […]

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Alba Cuts US$500 MM from Line 6 Budget

Alba Cuts US$500 MM from Line 6 Budget

Aluminium Bahrain B.S.C. (Alba) announced last weekend that it has been forced to cut US$500 million out of the CAPEX associated with its Line 6 project. The Bahrain-based smelter laid the blame at the feet of the late drop in global crude oil prices. Alba’s initial Bankable Feasibility Study called for a CAPEX of US$3.5 […]

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