Shaikh Daij Bin Salman Bin Daij Al Khalifa

Difficult Aluminium Market Leads To Bottom-Line Struggles For Alba In Q1

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 alumina prices to squeeze the firm’s bottom line over the year’s first three months. In the year’s first quarter Alba reported a...

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Events

Spike In Alumina Prices Hammer Alba’s Bottom Line In 2018

Spike In Alumina Prices Hammer Alba’s Bottom Line In 2018

Though a rise in sales volumes and a recovery of alumina prices at the LME, Aluminium Bahrain B.S.C’s fourth quarter and full year numbers struggled largely due to an “unprecedented” jump in alumina prices. In the fourth quarter Alba reported a net loss of US$47 million, a reversal on the year from last year’s net […]

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Alba Concludes Second Tranche Of ECA Financing For Line 6 Expansion Project

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 […]

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Alba Commissions Line 6 Two Weeks Ahead of Schedule

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 […]

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Despite Rising Alumina Costs, Alba Turns In Strong Third Quarter

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). […]

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Alba Receives Two of Six World’s Largest Rectiformers at Line Six Site

Alba Receives Two of Six World’s Largest Rectiformers at Line Six Site

Aluminium Bahrain B.S.C. (Alba) announced last week that it was the proud recipient of one-third of the six rectifier transformer units needed for the completion of its Line 6 Expansion Project. Designed and built by Fuji Electric in Japan, the rectifier-transformer (a/k/a “rectiformer”) is rated for 120 kA at 1880V DC. The design in question […]

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