Emirates Global Aluminium Signs On To UAE Hydrogen Leadership Initiative
Emirates Global Aluminium PJSC (EGA) announced this week the signing of an agreement with the UAE Ministry of Energy and...
United Arab Emirates
EGA And ITOCHU Extend Cooperation On Specialty Aluminium Projects
Emirates Global Aluminium PJSC (EGA) signed an agreement with ITOCHU Corporation of Japan last week to explore collaboration on joint projects in the United Arab Emirates that will help the country further the aims of its Operation 300bn domestic industrial growth strategy....
EGA Plans Solar-Powered Silicon Metal Production Unit For UAE
Emirates Global Aluminium PJSC (EGA) announced on Friday a new project to manufacture silicon metal domestically in the United Arab...
Dubai Government Inks Deal With Nature Alu For High-Purity Aluminium Plant
The government of Dubai and North American high-purity aluminium producer Nature Alu (NA) have agreed to establish the United Arab...
Events
EGA Enters Partnership With Several Other Compatriot Firms To Enhance Aluminium Decarbonization Effort
Aluminium smelter Emirates Global Aluminium (EGA) announced last week a partnership with Abu Dhabi National Energy Company PJSC (TAQA), Dubal Holding, and Emirates Water and Electricity Company (EWEC) to increase solar power use, optimize power generation, and cut carbon production at its aluminium operations in the United Arab Emirates. Though official approvals have yet to […]
Sources Say Emirates Global Aluminium Pondering IPO
Sources say Emirates Global Aluminium PJSC (EGA) is weighing a possible initial public offering (IPO) in 2022 after the firm refinanced a significant chunk of its debt this week. Wire service Reuters is reporting that a trio of sources claiming knowledge revealed to them that the UAE’s aluminium smelter is considering offering between ten and […]
EGA Begins Second Phase Of Al Taweelah Aluminium Smelter Expansion Ahead Of Schedule
Emirates Global Aluminium PJSC (EGA) announced this week that it has begun the second phase of the expansion of its aluminium smelter at Al Taweelah ahead of schedule. EGA said in a press release that the second phase will add 26 new reduction cells to Potline 2, increasing the line’s output by over 30 thousand […]
EGA Ships 100th Load Of Bauxite Ore From Guinea Operations
Emirates Global Aluminium PJSC (EGA) shipped its one hundredth load of bauxite ore from its operations in the West African country of Guinea earlier this month. EGA said in a press release that its subsidiary Guinea Alumina Corporation has shipped 16.4 million metric dry tons since operations commenced at the US$1.4 billion project in the […]
Sources Say EGA Seeking Refinance Of US$6 Billion Loan
Sources claiming knowledge of the situation told Reuters that Emirates Global Aluminium PJSC (EGA) is in talks with various financial institutions to renegotiate a US$6-billion loan it arranged in 2019. According to the sources, the talks involve enlarging the tenor and shrinking the pricing of the seven-year loan. The firm hopes to take advantage 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 ...
