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ALSCON in Nigeria to resume operations after a decade
07 FEB 20192MINS

ALSCON in Nigeria to resume operations after a decade

After lying idle for a decade, Aluminium Smelter Company of Nigeria (ALSCON), located at Ikot Abasi, Akwa Ibom State, is all set to start its operations, said the Bureau of Public Enterprises (BPE). On February 4, local media reported that Nigeria’s President Muhammadu Buhari will soon inaugurate...

EGA closes $6.5 billion corporate debt deal
31 JAN 20192MINS

EGA closes $6.5 billion corporate debt deal

Emirates Global Aluminium announced the successful completion of a $6.5 billion term loan facility with a group of leading global and regional banks. Danny Dweik, EGA’s Chief Financial Officer, said: “This refinancing is another major step in the implementation of our capital structure strategy....

UAE’s alumina import to rise 19% in 2019; India continues to be the key supplier
30 JAN 20192MINS

UAE’s alumina import to rise 19% in 2019; India continues to be the key supplier

Being one of the world’s top aluminiumproducing countries, the United Arab Emirates’ import of alumina is expected to rise in 2019 after a year-on-year drop till last year. According to our third-party data, the UAE in 2016 had imported 1.67 million tonnes and from then on the volume dropped...

EGA enters final stages of commissioning for Al Taweelah alumina refinery
28 JAN 20192MINS

EGA enters final stages of commissioning for Al Taweelah alumina refinery

Emirates Global Aluminium (EGA) has reportedly entered the final stages of commissioning for its Al Taweelah refinery. The first alumina production at the plant is expected to be in the first half of this year. Abdulla Kalban, managing director and chief executive of EGA said in a statement on...

5th Global Aluminium Foil Roller Conference in Dubai re-elects Göksal Güngör as President for GLAFRI
28 JAN 20192MINS

5th Global Aluminium Foil Roller Conference in Dubai re-elects Göksal Güngör as President for GLAFRI

Global Aluminium Foil Roller Initiative (GLAFRI) has re-elected Göksal Güngör as President for a second term. Mr Güngor also serves as General Manager of Assan Alüminyum in Turkey and he had served as a Vice-President in GLAFRI before his election in 2018. The election and vote of confidence took...

Bahrain’s aluminium wire export to Egypt grows 24% and Saudi Arabia 12% in 2018
28 JAN 20192MINS

Bahrain’s aluminium wire export to Egypt grows 24% and Saudi Arabia 12% in 2018

The building and construction sector is seeing a rapid growth across the world driving the use and applications of aluminium products like rod, wire, cable, and conductor. The global aluminium wire market continues to grow at a fast pace, which is expected to grow at a CAGR of almost 2% through...

EGA achieves record AED70 million in savings
23 JAN 20191MINS

EGA achieves record AED70 million in savings

Emirates Global Aluminium has achieved cost savings of AED 70 million from employee suggestions and continuous improvement projects in 2018. EGA said through its press release that approximately AED 50 million worth of savings were generated through a record 38,037 proposals submitted as a part of...

South Africa's exports of aluminium to US increases 30% YoY in October
23 JAN 20191MINS

South Africa's exports of aluminium to US increases 30% YoY in October

South exported 141,000 tonnes of crude metal and alloys and aluminium semi-finished products to the US in the first ten months of 2018, from 134,000 tonnes in the same period last year. The volume registered 5.22 per cent growth year-on-yea (YoY). {newsStudioGallery} In October 2018, total...

Alba’s Project Titan - Phase III achieves US$102 million in savings
23 JAN 20191MINS

Alba’s Project Titan - Phase III achieves US$102 million in savings

Aluminium Bahrain B.S.C. (Alba), now amongst the 1 Million-Club metric tonnes smelters in the world, has achieved US$102 million savings in Phase III of Project Titan. Alba has launched Phase IV of Project Titan to reduce cash-cost of US$100 million by the end of 2020. Phase IV, a 24-month Program,...

Turkey’s aluminium bar rods and profiles export may drop 4.4% in 2019 after past year-on-year rises
22 JAN 20192MINS

Turkey’s aluminium bar rods and profiles export may drop 4.4% in 2019 after past year-on-year rises

The global demand for aluminium in the building and construction sector had been driving the aluminium bar rods and profiles exports by Turkey. Till last year 2018, the industry in Turkey saw a year-on-year growth. But this year may create an exception. According to our third party data, Turkey’s...

Alba closes loan facility for its Line 6 Expansion Project
21 JAN 20192MINS

Alba closes loan facility for its Line 6 Expansion Project

Aluminium Bahrain B.S.C. (Alba) has successfully closed by the end of 2018 the final instalment of the 2nd tranche in respect of the financing of its Line 6 Expansion Project. The loan facilities consisting of US$136 million and EUR90 million are used to finance the provision of equipment for...

GCC aluminium smelters produced 5.4 million tonnes of primary aluminium in 2018
21 JAN 20192MINS

GCC aluminium smelters produced 5.4 million tonnes of primary aluminium in 2018

A Press Release from Gulf Aluminium Council has confirmed that the primary aluminium producers in the GCC region produced a total of 5,408,257 tons of primary Aluminium in 2018. The high quality primary aluminium was shipped to the local as well as the international market. This registers an...

Alba records hike in its production by 3% and sales by 4% in 2018
15 JAN 20191MINS

Alba records hike in its production by 3% and sales by 4% in 2018

Aluminium Bahrain B.S.C. (Alba), now amongst the 1 Million-Club metric tonnes smelters, recorded the highest sales volume and production in 2018. The company closed 2018 with production volume of 1,011,101 tonnes, up by 3% Year-over-Year YoY from 981,016 tonnes in 2017.Alba reported sales volume of...

Iran's primary aluminium production drops slightly in the first nine months of FY 2019
14 JAN 20191MINS

Iran's primary aluminium production drops slightly in the first nine months of FY 2019

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported that Iran's major aluminium producers' output stood at 249,017 tons during the nine months of FY 2019 or from April 1 to Dec. 21, which registers a 1% drop over the corresponding period of FY 2018....

Alba crosses 1 million tonnes production mark in 2018, highest in its history
07 JAN 20191MINS

Alba crosses 1 million tonnes production mark in 2018, highest in its history

Aluminium Bahrain B.S.C. (Alba) announced thatit has achieved a breakthrough record by exceeding its 2018 production target of 1,000,000 tonnes per annum (mtpa) to mark 1,011,101 mtpa. The production volume is the highest-ever achieved in Alba’s history - up by 3% year-over-year compared to 2017’s...

Alba starts operations at Casthouse 4, part of Line 6 Expansion Project
31 DEC 20182MINS

Alba starts operations at Casthouse 4, part of Line 6 Expansion Project

According to a report, Aluminium Bahrain (Alba) commenced operations at Casthouse 4 on December 26, 2018, the biggest furnace in the kingdom-based aluminium smelter’s history. Alba’s board of directors Shaikh Daij bin Salman bin Daij Al Khalifa and deputy chief executive officer Ali Al Baqali...

Turkey expects abolition of additional U.S.tariffs on steel and aluminium imports
28 DEC 20182MINS

Turkey expects abolition of additional U.S.tariffs on steel and aluminium imports

Turkish authorities are expecting an abolition of additional tariffs on steel and aluminium imports, imposed by the U.S. in August 2018, Turkish Trade Minister Ruhsar Pekcan said this in a statement. Ankara, the capital of Turkey hopes for release from US sanctions against Iran for the import of...

ESC signs MoU with EGA to open laboratories for scientific research
27 DEC 20182MINS

ESC signs MoU with EGA to open laboratories for scientific research

Emirates Global Aluminium (EGA) has signed an agreement with the Emirates Scientists Council (ESC) to make nine laboratories for scientific research purposes. The MoU is a part of the ‘Open Labs’ initiative, which was launched by UAE’s Vice President and Prime Minister Sheikh Mohammad Bin Rashid Al...