- Saudi Arabian Mining Company (Ma’aden)’s Chairman, Engr. Abdullah Al-Saif and President, Engr. Abdulaziz Al Harbi visit Alba on December 06, 2015.
- The visit was to build upon existing relations between the two smelters and share information.
Aluminium Bahrain B.S.C (Alba), one of the world’s leading aluminium smelters, today, December 06, 2015 welcomed a VIP delegation from the Saudi Arabian Mining Company (Ma’aden) comprising its Chairman, Engr. Abdullah Al-Saif and President, Engr. Abdulaziz Al Harbi.
Ma’aden’s VIP delegation met with Alba’s Chairman of Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, Chief Executive Officer, Tim Murray, Chief Finance Officer, Ali Al Baqali, Chief Operations Officer, Isa Al-Ansari, Chief Marketing Officer, Khalid Abdul Latif and other Alba officials.
The visit was to build upon existing relations between the two smelters and share information on ways to work together towards a successful future in the aluminium sector.
Speaking about this visit, Alba’s Chairman Sh. Daij said:
“As two of the top aluminium smelters in the world, Ma’aden and Alba share a strong relationship. We appreciate Ma’aden’s unending support towards Alba, and look forward to continue working together in the future in order to address various challenges and opportunities that face the aluminium industry.”
Aluminium Bahrain B.S.C. (Alba) – one of the largest and modern aluminium smelters in the world – is renowned for its premium grade aluminium products, technological strength and innovative policies, strict environmental guidelines and high track record for safety. Established in 1971 as a 120,000 tonnes per annum smelter, Alba today produces more than 931,000 metric tonnes per annum of the highest grade aluminium, with products including standard and T-ingots, extrusion billets, rolling slab, properzi ingots, and molten aluminium.
Alba is listed on both the Bahrain Bourse and London Stock Exchange, and the Company’s shareholders are Bahrain Mumtalakat Holding Company (69.38%), SABIC Industrial Investment Company (20.62%) and the General Public (10%).
About Line 6 Expansion Project:
Line 6 Expansion Project, expected to begin production by early 2019, will boost the per-annum production by 514,000 metric tonnes, bringing the total production capacity of Alba to around 1.450 million metric tonnes per year.
Bechtel Canada completed the Bankable Feasibility study for the $3.5 billion Line 6 Expansion Project in December 2014. DX+ Technology is selected as the base for Line 6, while J.P. Morgan, Gulf International Bank (GIB) and National Bank of Bahrain (NBB) are the Financial Advisors of the Project.
The Line 6 Expansion Project will enhance the downstream industry by creating many co-investment opportunities through local and foreign aluminium investments. It will create hundreds of jobs, directly and indirectly, which will be a significant economic boost for the Kingdom of Bahrain.