United Arab Emirates

EGA And ITOCHU Extend Cooperation On Specialty Aluminium Projects

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....

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 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 […]