|28 August, 2019

Alba hits Historic Milestone of 10 million working-hours without LTI

A celebration was held at the Oasis Hall on 28 August 2019 to mark this occasion, which was attended by the Acting Chief Executive Officer Ali Al Baqali, Alba Executive Management team, employees and contractors across the plant

Chairman of Albarsquo;s Board of Directors ndash; Sh. Daij bin Salman bin Daij Al Khalifa

Chairman of Alba’s Board of Directors – Sh. Daij bin Salman bin Daij Al Khalifa

MANAMA: Aluminium Bahrain B.S.C (Alba), on course to become the world’s largest aluminium smelter with Line 6, touched 10 million working-hours without any Lost Time Injury (LTI) on 27 August 2019 for the first time in the history of its operations since 1971.

A celebration was held at the Oasis Hall on 28 August 2019 to mark this occasion, which was attended by the Acting Chief Executive Officer Ali Al Baqali, Alba Executive Management team, employees and contractors across the plant.

Alba’s Chairman of the Board of Directors Shaikh Daij Bin Salman Bin Daij Al Khalifa congratulated the Executive Management, Alba employees and contractors and stated:
“Achieving 10 million working-hours without any Lost Time Injury (LTI) in the smelting industry is a rare feat, especially as we progress with the full ramp-up of Potline 6. Alba could not have achieved this without a strong leadership emphasis on Safety and Health as well as collective ownership to maintain a zero-accident work environment.”

Addressing the gathering at Oasis Hall, Alba’s Acting Chief Executive Officer Ali Al Baqali said:
“This proud landmark is the outcome of our pro-active commitment, and I thank everyone, employees and contractors, for thinking and adopting Safety First and Always.
While 10 million working-hours was an almost impossible target to achieve especially as 2019 was brimming with all kinds of activities relating to Line 6 Expansion Project, we have done it and outperformed ourselves thanks to our uncompromising approach toward Safety.”

The Company acknowledged the contribution of every employee and contractor towards this achievement.

ENDS

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 July 2019, Line 6 Smelter’s Overall Progress exceeded 97% [Engineering progressed fully (100%) while Contracts and Procurement advanced by 99.55%); Power Station 5 & Power Distribution System Overall Progress exceeded 95% 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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