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Aluminium Bahrain B.S.C. (Alba), known for its strong Safety culture, launched its special summer Safety Campaign, in line with the CEO’s 2019 expectations, under the theme “Safety Gateway” on Sunday 23 June 2019 at Alba Oasis Hall.
The opening ceremony was attended by Alba’s Chairman of Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, Alba Board Director Osama Alarrayedh and Alba Board Director Mutlaq Al Morished. The opening ceremony also witnessed the attendance of senior officials from Bahrain’s Ministry of Interior: Major-General Alaa Siyadi – Commander of the Coast Guard, Brigadier Abdulla Hamad Al Kubaisi – Director-General of Customs Clearance and Inspection and Lt-Col. Adel Al Dossari – Director of Operations and Traffic Control; Mr. Yasser Al Abbassi – General Manager Manufacturing at GPIC and Mr. Mohammed Awadh – Senior Advisor at Gulf Markets International.
Present too were the Executive Management led by the Chief Executive Officer Tim Murray, Managers, Alba employees as well as officials from Alba contractors. Alba’s CEO Tim Murray opened the ceremony with a keynote speech to highlight the purpose of the Safety Gateway Campaign.
Commenting on this occasion, Shaikh Daij said:
“We think Safety first in everything we do. Today as we progress with the full ramp-up of Line 6 Expansion Project, we are proud to say that Safety is a way of life in Alba.
I would like to thank all Alba employees and contractors for going the extra mile in making Alba a safe haven for us all.”
Alba’s Chief Executive Officer, Tim Murray, said:
“Safety is a never-ending journey in Alba. With Alba’s transformation with Line 6 Expansion Project, we must think differently and the only way to embrace the change is through belief.
Our Safety-tailored campaigns differ every season but communicate one message to employees and contractors– Safety first at all times.”
The ‘Safety Gateway ’campaign will be held all week-long and feature a number of presentations by the Executives and Safety visits to operational and non-operational departments, urging the employees throughout the company to maintain the highest level of safety and achieve zero heat stress incidents during the hot summer months.
About Alba
Aluminium Bahrain B.S.C. (Alba), one of the 1 million-metric tonnes smelters in the world, is one of the largest aluminium producers in the world. 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%).
Starting-out as a 120,000 metric tonne per annum (mtpa) smelter in 1971, Alba’s production for 2018 stood at plus-1 million metric tonnes. Alba’s product portfolio comprises high-grade aluminium and Value-Added Products that include standard and T-ingots, extrusion billets, rolling slabs, properzi ingots and molten aluminium. The Company is well-known for its strong Safety culture, employee development and work culture for value-creation and sustainable operations.
About Line 6 Expansion Project
The pride of the Kingdom of Bahrain, Alba’s Line 6 Expansion Project will make Alba the world’s largest aluminium smelter.
Alba’s Line 6 Expansion Project is one of the biggest brownfield developments in the Middle East Region. With a CAPEX of approximately US$ 3 billion, the Line 6 Expansion Project involves the construction of a sixth pot line using EGA’s proprietary DX+ Ultra Technology, a 1,792 MW Power Station (Power Station 5) utilising the world’s first H-class General Electric (GE) 9HA Gas Turbine (GT) and other industrial services.
Alba Potline 6 was commissioned on 13 December 2018, ahead of schedule, with the delivery of the First Hot Metal. Line 6 Expansion Project progress has been fast-paced since then with successfully starting 212 pots which is equivalent to 50% of Potline 6 total capacity. Alba is now looking at the safe commissioning of the remaining 212 pots and to move closer to full production by Q3 2019.
Bechtel is the EPCM contractor for the Line 6 Expansion Project smelter. For Power Station 5 (PS 5), GE and GAMA Consortium was awarded the EPC contract, while Siemens is the Power Distribution System contractor. J.P. Morgan, Gulf International Bank (GIB) and National Bank of Bahrain (NBB) are the Financial Advisors for this Project. In June 2015, Alba Board approved the Line 6 Expansion Project and in November 2015, Alba secured the natural gas supply for this Project.
Alba successfully closed a US$ 1.5 Billion syndicated term-loan facility comprising two tranches Conventional Facility & and Islamic Facility in October 2016. The 1st tranche of the Export Credit Agencies (ECA) Financing of c. US$ 700 million for Euler Hermes and SERV-covered facilities was closed in July 2017 while the first part of 2nd ECA-tranche of EUR 204.5 million for Bpifrance Assurance Export (“BpiAE”) and Euler Hermes-covered facilities was secured in April 2018. Alba successfully closed the final instalment of the 2nd ECA-tranche - c.US$136 million and c. EUR90 million from ECA supported-facilities - by end of 2018.
As of 31 May 2019, Line 6 Smelter’s Overall Progress advanced by 93.7% (Engineering progressed by 99.9% while Contracts and Procurement advanced by 98.9%); Power Station 5 & Power Distribution System Overall Progress exceeded 94% and by over 99% respectively.
Line 6 Expansion Project will be transformational for the Kingdom of Bahrain as it will significantly boost employment opportunities for Bahrainis at both Alba and the local downstream market. It will also present many co-investment opportunities through local and foreign aluminium investments in the Kingdom of Bahrain.
Alba External Grievance Mechanism
Alba, in line with the Performance Standards of the International Finance Corporation (IFC), a World Bank affiliated lending organisation, has launched its External Grievance Mechanism to receive and facilitate the resolution of the affected communities’ concerns and grievances about Alba’s Environment and Social (E&S) performance.
External grievances about Alba’s E&S performance can be logged via the Alba Integrity Line - an independently operated confidential reporting hotline in multiple languages - via a toll-free phone system or via the intranet 24 hours a day, every day.
For further details, please contact:
Eline Hilal
Senior Manager, Investor Relations & Corporate Secretary
Investor Relations Department
Tel: (973) 1783 5100
E-mail: eline.hilal@alba.com.bh
Website: www.albasmelter.com
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