Aluminium prices settled 0.35 per cent higher at INR 345.6 (USD 3.64), backed by declining exchange inventories, expectations of additional fiscal measures in China and concerns over constrained supply from the Middle East. However, improving production prospects in the region limited further...
Oklahoma Primary Aluminum has outlined the environmental controls planned for its proposed aluminium smelter at the Tulsa Port of Inola, a project that could add up to 750,000 tonnes of annual primary aluminium capacity in the United States. The proposed facility is expected to create at least...
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In the downstream aluminium sector, some of the notable enterprises received the Aluminium Stewardship Initiative certification this week. To start with, Emirates Global Aluminium (EGA) bagged the ASI Performance Standard Certification for aluminium smelter and casthouse operations and other...
The largest industrial company in the United Arab Emirates outside oil and gas, Emirates Global Aluminium (EGA) has prosperously refinanced $ 5.5 billion of corporate debt, deleveraging and improving repayment terms to lessen costs and validating the best dividend policy in future years for...
Aluminium Stewardship Initiative has certified Emirates Global Aluminium (EGA) against the Performance Standard Certification for aluminium smelter and casthouse operations and other associated facilities at Jebel Ali plant in the UAE. Having an annual production capacity of more than one million...
On 1 st July 2021, Emirates Global Aluminium (EGA) inks agreement with Gulf Extrusions, a subsidiary of the Al Ghurair Group for the innovative re-use of an industrial by-product during the primary metal production process, replacing the use of fresh raw material, enhancing efficiency, and...
The global aluminium industry remained enterprising in July 2021. The June quarter financial results revealed that most of the companies in the sector recorded revenue growth due to the global rise in aluminium prices. The positive trend of the market has delivered the industry some extra strength...
On 27th July 2021, Emirates Global Aluminium observed the 40th anniversary of its Suggestion Scheme, which motivates employees to share their ideas for operational and technological improvements. As of yesterday, EGA employees have made over half a million suggestions for improvements, delivering...
The UAE based sovereign wealth fund Mubadala Investment Company is aiming at a value excess of $20 billion comprising debt for Emirates Global Aluminium PJSC as it moves closer to listing the business, according to an industry expert. The industry expert also added that Mubadala Investment has...
On 13 th July 2021, Emirates Global Aluminium announced the commencement of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi. The aluminium smelter expansion casts up 26 new reduction cells to Potline 2, boosting production capacity by over 30,000 tonnes of hot metal per year....
On 11th July 2021, Emirates Global Aluminium earmarked the 100th shipload of bauxite exported from Guinea, since the company’s initiation in August 2019 from its wholly-owned bauxite-mining subsidiary Guinea Alumina Corporation. The UAE based aluminium company, EGA uses Capesize vessels to...
The world’s largest premium aluminium producer, Emirates Global Aluminium is in discussion with banks to refinance and transpose the terms of a loan of about $6 billion it secured in 2019, as reported on 23rd June 2021 by close references on this matter. The references stated that the UAE based...
Emirates Global Aluminium, the world’s largest producer of ‘premium aluminium’, with smelters in Abu Dhabi and Dubai, has unveiled its new corporate purpose: Together, innovating aluminium to make modern life possible. The company also aims to achieve its new mission—to generate value from mining...
On 26 th April 2021, Emirates Global Aluminium (EGA) announced the activation of the first section of an expansion to the company’s Al Taweelah smelter. The ramp-up of the 26 new reduction cells at potline 1 at Al Taweelah will be followed to produce some 30,000 tonnes of aluminium per year. The...
Mubadala Investment Co., the sovereign fund of Abu Dhabi stated that it’s “close” to an initial public offering of Emirates Global Aluminium PJSC as it examines other crucial deals comprising a role in a consortium investing in Saudi Aramco’s oil pipelines. On 12 th March 2021, Khaldoon Al Mubarak,...
On 16 th March 2021, Emirates Global Aluminium, UAE’s one of the largest industrial company and the world’s largest ‘premium aluminium’ producer, reported adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (adjusted EBITDA) of $1.13 billion for 2020, a 63% increase over 2019....
On 15 th March 2021, Emirates Global Aluminium (EGA), one of the global leading producers of aluminium was awarded by Dubai Chamber CSR Label for outstanding effort in corporate social responsibility. The Dubai Chamber CSR Label from the Dubai Chamber of Commerce & Industry intents to recognise...
The GCC countries have drawn all the attention of the global aluminium industry with record production of aluminium in 2020. The output surpassed the 6 million tonnes milestone for the first time ever, in a year that witnessed historic odds and challenges due to the unprecedented COVID-19 outbreak....
On 3 rd February 2021, Emirates Global Aluminium, Mubadala and Dubal Holding accomplished a major milestone with the first firing of the Siemens Energy H-class gas turbine at a new AED 1 billion state-of-the-art power plant under development at EGA’s Jebel Ali site. The Siemens Energy H-class gas...
On Tuesday, February 2, Emirates Global Aluminium, the world’s biggest ‘premium aluminium’ producer, announced that it secured BMW as the first customer for its solar-powered CelestiAL aluminium. According to the contract, EGA will supply 43,000 tonnes of the UAE’s first-of-a-kind aluminium,...
