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| 26 December, 2017

Alba Line 6 smelter achieves new record in safety: 5mln work-hours without LTI

The 5 million work-hours without LTI is a further testament of Alba’s commitment to a zero-injuries work environment.

Tim Murray, Albarsquo;s Chief Executive Officer

Tim Murray, Alba’s Chief Executive Officer

Aluminium Bahrain B.S.C. (Alba), one of the world’s leading aluminium smelters in Safety and Health, is proud to announce the significant safety achievement of 5 million work-hours without Lost Time Injury (LTI) by its Line 6 Smelter on Sunday, December 24, 2017.

Commenting on this accomplishment, Alba’s Chief Executive Officer, Tim Murray, said:

“We, at Alba, are proud of our Safety Culture. The 5 million work-hours without LTI is a further testament of Alba’s commitment to a zero-injuries work environment. I express my gratitude and appreciation to the Line 6 Owner’s Team and contractors for achieving this milestone together.

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As we congratulate ourselves on this sound Safety performance, we must remain focussed on maintaining the same momentum as we progress with Line 6 Expansion Project construction in 2018.”

-Ends-

About Alba
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 971,000 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
Alba’s Line 6 Expansion Project is one of the largest brownfield developments in the region. Expected to begin production by January 1st 2019, this Project will boost the smelter’s per-annum production by 540,000 metric tonnes, bringing its total production capacity to 1.5 million metric tonnes per year.

With a CAPEX of approximately US$ 3 billion, the Line 6 Expansion Project involves the construction of a sixth pot line utilising EGA’s proprietary DX+ Ultra Technology, a 1,792 MW power station 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 as well as c. US$ 700 million Export Credit Financing (Euler Hermes and SERV-covered facilities) in July 2017. The Company is looking to secure the second tranche of the Export Credit Agency (ECAs) within the second half of 2017.

The Front End Engineering Design (FEED) study for the Project was completed in the first quarter of 2017 while the construction site-works have started in the second quarter of 2017 and will be completed by September 2017.  Alba has laid the First Concrete in Potline 6 Foundation in May 2017 wherein the concrete foundations will reach 85,000 m3 upon completion by December 2018.

The Line 6 Expansion Project will make Alba the world’s largest single-site aluminium smelter and be a significant economic boost for the Kingdom of Bahrain due to the many co-investment opportunities through local and foreign aluminium investments.

For further details, please contact: 
Eline Hilal
Manager – Investor Relations & Corporate Secretary 
Investor Relations Department
Tel:         (973) 1783 5100 (direct)
Fax:       (973) 1783 3822 
E-mail:   eline.hilal@alba.com.bh
Website: www.albasmelter.com

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© Press Release 2017