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MANAMA (ALBH): Aluminium Bahrain B.S.C. (Alba) announced that it will host the prestigious Arab International Aluminium Conference (ARABAL) 2019 under the patronage of HRH Prince Khalifa bin Salman Al Khalifa the Prime Minister of the Kingdom of Bahrain from 19 – 21 November 2019 at the Gulf Hotel, Bahrain.
Held under the theme ‘Shaping the Future of Aluminium in the Arab Region’, ARABAL 2019 is being hosted for the fifth time by the Kingdom of Bahrain.
On this occasion, Alba’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa said:
“ARABAL is reputed as one of the premium platforms for the aluminium industry in the Arab world that brings together the who’s who of the aluminium industry across the globe.
Being the first aluminium smelter in the GCC, Alba is privileged to host the 36th edition of the prestigious ARABAL under the patronage of the Prime Minster HRH Prince Khalifa bin Salman Al Khalifa. We look forward to welcoming our peers and industry experts to showcase Bahrain’s thriving aluminium sector.
We look forward to hosting ARABAL 2019 at a time that Alba’s evolution to become the largest aluminium smelter is moving ahead as planned.”
ARABAL, which started in 1983 and will be hosted by Aluminium Bahrain B.S.C. (Alba) as it is on course to be the world’s largest aluminium smelter, has become an event of international repute, bringing together industry leaders from around the world to discuss current issues in the aluminium sector whilst also exploring investment opportunities. It comprises a conference focusing on the current industry prospects and challenges, as well as an international exhibition coupled with workshops, site-visits and networking platforms.
For ARABAL 2019, Topics, exhibitors, sponsors and speakers will be announced soon on the website www.arabal.com
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About Arabal
The Arab International Aluminium Conference (ARABAL) is the premium trade event for the Middle East’s aluminium industry and the only conference in the world attended by every single primary aluminium manufacturer in the region. Therefore, it is the conference of choice for anyone interested in the Middle East aluminium industry.
ARABAL first began in 1983 with Kuwait Aluminium Co. bringing together the leading figures in Middle East Aluminium to strengthen ties and discuss the issues of the day to provide an overview about the entire aluminium industry. Over the past 35 years, it has become an event of international repute, bringing together leaders from the aluminium industry across the world to attend, speak, and exhibit, at the event.
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, the Line 6 Expansion Project will make Alba the world’s largest aluminium smelter.
With the First Hot Metal from Potline 6 achieved on 13 December 2018, Alba is now amongst the 1 million-metric tonne smelters in the world. Upon completion in 2019, the Line 6 Expansion Project will boost Alba’s per-annum production by 540,000 metric tonnes, bringing Alba’s total production capacity to 1.5 million metric tonnes per year.
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.
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 March 2019, Line 6 Smelter’s Overall Progress advanced by 88.3% (Engineering progressed by 99.4% while Contracts and Procurement advanced by 98.9%); Power Station 5 & Power Distribution System Overall Progress exceeded 89% and by over 97% 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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