|01 October, 2019

Alba participates in Global HSE Conference & Exhibition 2019 

The Conference is hosting plenary discussions and workshops on a variety of subjects that are critical to HSE Management globally and regionally while the Exhibition is showcasing latest technologies and solutions from HSE manufacturers.

Aluminium Bahrain B.S.C. (Alba), one of Bahrainrsquo;s leading champions on Safety, was a key participant of the 7th edition of Global HSE Conference Exhibition 2019 being held from 30 September to 2 October 2019 at the Gulf Hotel, Bahrain.

Aluminium Bahrain B.S.C. (Alba), one of Bahrain’s leading champions on Safety, was a key participant of the 7th edition of Global HSE Conference & Exhibition 2019 being held from 30 September to 2 October 2019 at the Gulf Hotel, Bahrain.

Aluminium Bahrain B.S.C. (Alba), one of Bahrain’s leading champions on Safety, was a key participant of the 7th edition of Global HSE Conference & Exhibition 2019 being held from 30 September to 3 October 2019 at the Gulf Hotel, Bahrain.

Held under the “Efficiency, Resilience and Sustainability” theme, His Excellency Shaikh Mohamed Bin Khalifa Al Khalifa, Minister of Oil for the Kingdom of Bahrain, inaugurated the Global HSE Conference & Exhibition and was welcomed by Alba’s Acting Chief Executive Officer Ali Al Baqali and the Director of Safety, Health & Environment, Moh’d Khalil Saeed at the Alba stand in the Exhibition. Alba also received a token of appreciation for its support of this forum.

The Conference is hosting plenary discussions and workshops on a variety of subjects that are critical to HSE Management globally and regionally while the Exhibition is showcasing latest technologies and solutions from HSE manufacturers.

Commenting on this occasion, Ali Al Baqali said:

“Alba has come a long way in its Safety transformational journey. Today, we stand proud of our Safety culture. We have been able to ’Think Safety First and Always’ through the collective commitment of both - our employees and contractors. By endorsing this event, we are able to share our SHE systems and policies, which are aligned to some of the best international practices and standards.”

Alba’s Chief Operations Officer Abdulla Habib Ahmed Ali will be on the panel for “Operational Efficiency - How to Achieve it through HSE?” which will be held on Day 2 of the Conference.

-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 EUR204.5 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 August 2019, Line 6 Smelter’s Overall Progress exceeded 98%. Power Station 5 & Power Distribution System Overall Progress exceeded 96% 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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