Latest news with #EmiratesGlobalAluminium
Mid East Info
7 hours ago
- Business
- Mid East Info
Federal Youth Authority and EGA partner to create development opportunities for youth in the UAE - Middle East Business News and Information
Emirates The Federal Youth Authority (FYA) and Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside of oil and gas, signed a cooperation agreement to enhance joint efforts towards creating distinctive development opportunities for young UAE nationals. In the presence of His Excellency Sultan bin Saif Al Neyadi, UAE Minister of State for Youth Affairs, the agreement was signed by His Excellency Khaled Mohammed Al Nuaimi, Director of the Federal Youth Authority, and Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium at EGA's headquarters in Al Taweelah in Abu Dhabi. Under the agreement, the FYA and EGA will work together to develop an initiative aimed at fostering a supportive ecosystem that unlocks growth opportunities for youth in the UAE, in line with the National Youth Agenda 2031. Investing in talents: Commenting on the agreement, His Excellency Khaled Mohammed Al Nuaimi said: 'Empowering the youth and providing them with the skills and opportunities they need is at the heart of the national vision to shape the future. We are pleased to partner with EGA, a leading industrial company that shares our efforts and aspirations to empower a new generation that is well aware of its critical role in driving the development process. We can see this commitment clearly in the company's extensive track record of investing in young talents and enabling them to innovate. We are certain that through this agreement, we can foster a culture of excellence, creativity and collaboration among the young generation, and enable them to contribute to the UAE's economic and social development.' Key pillar: For his part, Abdulnasser Bin Kalban said: 'EGA is committed to empowering young people and supporting their role as a key pillar in our efforts to drive positive change and support comprehensive development. The agreement with the Federal Youth Authority reflects our decades-long journey in creating development opportunities to empower the next generation of leaders, in line with the vision of our wise leadership. We look forward to working closely with the Authority to achieve progress on our shared goals and ambitions.' EGA established its Youth Council in 2018, in line with the wise leadership's vision to highlight the role that the youth play and empower them to lead the UAE's development and innovation. The company's team includes more than 700 employees under the age of 35. EGA also runs outreach programmes to inspire youth to specialise in science, technology, engineering, and mathematics. These programmes – which include 'Engineer the Future' and EGA's Ambassador Programme – have engaged more than 35,000 students since 2018.
Zawya
4 days ago
- Automotive
- Zawya
EGA supplies CelestiAL solar aluminium to global automotive parts maker Hyundai Mobis
Abu Dhabi, United Arab Emirates: Emirates Global Aluminium, the largest industrial company in the United Arab Emirates and the world's biggest 'premium aluminium' producer, today announced an agreement to increase its CelestiAL solar aluminium supply to Hyundai Mobis, the global automotive parts maker. CelestiAL solar aluminium is the world's first aluminium made commercially with solar power, significantly reducing greenhouse gas emissions. The agreement is an extension of an existing supply agreement with Hyundai Mobis. EGA began supplying aluminium to Hyundai Mobis in 2015. EGA supplies Hyundai Mobis with 66 thousand tonnes of metal in total each year. Under the new agreement, the volume of CelestiAL supplied to Hyundai Mobis will increase from eight thousand this year to up to 15 thousand tonnes per year by 2026. EGA and Mobis will explore a long-term agreement beyond 2026 to supply value-added products, including billets, primary foundry alloys and recycled aluminium. EGA and Hyundai Mobis will also collaborate to innovate exclusive new alloys for automotive applications. Aluminium is a key metal for the automotive industry due to its lightweight, strength, and corrosion resistance properties. EGA is one of the largest suppliers of foundry alloys to the automotive industry worldwide. Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: 'At EGA, we remain committed to innovation in delivering the highest quality, low-carbon aluminium to our customers. We value our successful partnership with Hyundai Mobis and look forward to building on this collaboration in the years ahead. We appreciate their continued trust in EGA and our world-first CelestiAL solar aluminium.' Sun Woo Lee, Senior Vice President, Head of Procurement of Hyundai Mobis, said 'With a partnership with EGA, we will proactively respond to global environmental regulations by establishing a green supply chain using low carbon aluminium.' In 2024, production of CelestiAL solar aluminium grew by 27 per cent to 80 thousand tonnes, including eight thousand tonnes of CelestiAL-R further sweetened with recycled content. EGA is certified to the global standard established by the automotive industry which aims to ensure even more rigorous quality management in the global automotive supply chain. experts.
Reuters
7 days ago
- Business
- Reuters
EGA's Guinea bauxite unit hopes to resume talks with government
DAKAR, May 27 (Reuters) - Emirates Global Aluminium's (EGA) subsidiary in Guinea said on Tuesday it hoped to resume talks with the Guinean government that could lead to a lifting of measures currently blocking its bauxite mining operations. EGA has been in a dispute with the government since October last year when its bauxite exports and mining operations were suspended by the authorities. And earlier this month, Reuters reported it launched a process to withdraw EGA's mining licence over its failure to build an alumina refinery. The EGA subsidiary - Guinea Alumina Corporation (GAC) - said in a statement that it had always fulfilled all of its obligations under agreements it signed with Guinea, and strongly contested that it has acted differently. "GAC hopes the Guinean Government will resume amicable negotiations and lift all blocking measures against GAC's operations," the statement said. Representatives of Guinea's military-led government did not immediately respond to requests for comment. In its statement, GAC said the measures imposed by the authorities had hampered its operations, leading to their complete stoppage in December 2024 and significant financial losses for the company and its shareholders. "Since October 2024, the Guinean Government and certain Guinean public entities have taken a series of measures against GAC (and the wider EGA group) that run counter to the contractual and international commitments of the Republic of Guinea," it said.
News.com.au
7 days ago
- Business
- News.com.au
Resources Top 5: Western Yilgarn well placed in quest for alternate bauxite supplies
A suspension of exports from Guinea has seen increasing demand from other supply sources, including Australia Future Battery Minerals has identified new gold prospects at the recently consolidated Miriam project in WA Potential hidden extensions of gold breccia pipes have been identified at Colosseum gold and REE project in California Your standout resources stocks for Tuesday, May 27, 2025 Western Yilgarn (ASX:WYX) Changing market fundamentals in the past 12 months have seen prices for bauxite, the key raw material for aluminium production, climb and then remain strong. The primary driver has been the suspension of exports from Guinea, the second largest producer globally and just behind Australia in production volume. In 2023, the West African nation mined around 87.9Mt. As Guinea attempts to tighten control over its mineral resources, the world's largest user, China, is being forced to look elsewhere for bauxite supplies, including Australia where bauxite prices are considerably lower than Guinea. The supply situation was exacerbated this month when Guinea began proceedings to revoke the mining licence of Emirates Global Aluminium (EGA), which operates one of the nation's largest bauxite mines through its Guinea Alumina Corporation subsidiary and accounts for about 4% of global supply. EGA has been in a dispute with the government of Guinea since October 2024 when its bauxite exports and mining operations were suspended by authorities, citing concerns over customs duties. One ASX junior well-placed to benefit from increasing demand from non-Guinea sources is Western Yilgarn (ASX:WYX). In an interview with Stockhead earlier this year, non-executive director Pedro Kastellorizos said he expected the increase in bauxite prices to continue in 2025 with some Chinese alumina refineries curtailing production on the back of domestic bauxite shortages. 'We have already received interest from the overseas market in our project due to its close proximity to existing bauxite mining operations,' he said. WYX is set to add scalability and tonnage to its portfolio in Western Australia's Darling Range bauxite mineral field on being granted the Cardea 1 and 2 project areas, about 16.5km southeast of its 168Mt Julimar West project. Darling Range is a world-leading alumina producing region with bauxite deposits stretching across a north-south corridor roughly 240km-long and 50km-wide. The company's projects benefit from nearby major infrastructure, including the Millendon Junction Railway Line. Kastellorizos said WYX was extremely pleased with securing the Cardea 1 and 2 projects and investors shared his enthusiasm with securities 28.57% higher to 2.7c. 'It provides further scalability and excellent potential to increase the bauxite tonnage and grade through further exploration to the west and northern portion of the exploration licence area,' he said. 'The location of the current resources is within trucking distance of a multi-user railway at a time of record alumina and bauxite prices. So far, WYX says surface and drilling geochemistry, along with the interpreted geophysics, has highlighted multiple targets proximal to the west and south of the current tenure areas. Regional mapping and interpretation of the Western Australia Geological Survey has delineated laterite and pisolitic gravels in which the bauxite occurs and these areas will be systematically targeted in first-pass exploration. Future Battery Minerals (ASX:FBM) As gold holds above US$3300/oz, it is no surprise that gold stocks remain in the news, including Future Battery Minerals which has identified new gold prospects at the recently consolidated Miriam project in WA following a review of historical data. The project has some notable gold neighbours including Horizon Minerals' (ASX:HRZ) Burbanks mine (466,000oz at 2.4g/t gold), Beacon Minerals' (ASX:BCN) McPhersons Reward mine (132,000oz at 1.2g/t) and Focus Minerals' (ASX:FML) Coolgardie Operations (2.7Moz at 1.8g/t). The gold endowment is supported by lithium, another mineral trait of the region. Miriam was subject to intense gold prospecting following initial discovery in the 1890s and it was within the shafts and workings where spodumene bearing pegmatites were first observed in 2022. While modern exploration is limited within the project tenure, multiple gold occurrences – including Forest, Goroke and Burbanks Monarch – have been recorded. FBM's review of historical geological and drilling data was completed following the company's acquisition of the gold and base metal rights plus residual lithium rights. It has highlighted consistent and continuous gold mineralisation previously intersected over a strike of more than 600m at the Forrest prospect, with best intercepts of: 12m at 2.09g/t gold from 60m; 10m at 2.51g/t from 30m; and 10m at 2.09g/t from 30m and 4m at 4.86g/t from 73m; The review also flagged further gold at Forrest South (16m at 0.94g/t gold from 44m) and Jungle (4m at 3.37g/t from 97m). Future Battery Minerals (ASX:FBM) says the gold mineralisation at Forrest remains open at depth and to the northeast and southwest – representing priority targets for initial follow-up drilling. FBM says any future gold discoveries at the project will benefit from commercialisation optionality with several operating gold mills in proximity, including the Burbanks mine, 1km away, which contains a mill and processing plant owned by Auric Mining. There's also the Greenfields Mill, owned and operated by FMR Investments, and the Three Mile Hill Mill, owned and operated by Focus Minerals. The company is completing a litho-geophysics and geochemistry review, aiming to better define key structural gold targets that have been identified. Initial RC drilling is set to begin in July. 'The project is an undeniably attractive exploration opportunity, offering structurally controlled gold prospectivity (along with lithium opportunity) matched with multiple potential commercialisation pathways given its proximity to established process facilities for both gold and lithium,' managing director and CEO Nick Rathjen said. Shares reached a daily top of 2c, a 25% increase on the previous close. Dateline Resources (ASX:DTR) Also riding on gold's strength is Dateline Resources, which climbed 56.4% to 8.6c, a new high of more than two years on volume of more than 352m, after identifying potential hidden extensions of gold breccia pipes at the Colosseum gold and rare earths project in California, USA. Recent field mapping and geochemical sampling of felsite (rhyolite) outcrops west and southwest of the Colosseum open pits returned encouraging geochemical anomalies, potentially confirming an extension of the mineralised footprint. This work points to the potential for hidden gold zones beyond historical workings with substantial exploration upside emerging. All 641 historic drill holes targeted only the breccia pipes with surface exposure and large areas of the property remain effectively untested. The new geochemical and structural evidence markedly expands the exploration potential at Colosseum. Planned next steps include extending surface geochemical sampling coverage along the projected trend of the felsite dykes and developing targets for a maiden drill program outside the pit area. With the REE project now bolstered by a potentially larger gold deposit, DTR is on-track to complete a review of the REE exploration plan in early June. Importantly, the existence of a viable gold system at Colosseum provides a strong foundation to pursue REE exploration with greater confidence. In June 2024, the company announced that Colosseum has a JORC-2012 compliant mineral resource of 27.1Mt at 1.26g/t Au for 1.1Moz. African Gold (ASX:A1G) (Up on no news) ASX junior African Gold is banking on Côte d'Ivoire delivering more gold success and has been up as much as 26% to 17c, a new high of more than three years. After closing at 5.9c on March 11, the company has climbed steadily on the back of positive newsflow, and the bullish trend has continued since the last strong news on May 6 when a third gold discovery was confirmed at the Didevi project, highlighting the potential for another multi-million-ounce gold system in the country. Pranoi prospect, which is only 11km north of the Blaffo Guetto resource of 450,000oz at 2.9g/t, hosts similar shallow, high-grade, open-pittable gold mineralisation. Results included: 25m at 1.6g/t gold from 83m including 10m at 2.4g/t and 10m at 1.0g/t from 145m; 15m at 1.7g/t from 51m including 9m at 2.4g/t; and 9m at 3.8g/t from 109m. The mineralisation closely mirrors the shallow, high-grade, open-pittable style seen at Blaffo Guetto, reinforcing the project's regional prospectivity. African Gold is progressing a resource update for Blaffo Guetto, scheduled for H2 2025. 'These results continue to validate our belief that Didievi hosts a large, fertile gold system with multiple high-quality targets,' CEO Adam Oehlman said. 'With only two of 10 regional prospects drilled to date, the scale of the opportunity is exceptional. 'The satellite deposits we are uncovering would be considered standalone targets for many companies, this level of optionality adds tremendous value to the Blaffo Guetto MRE.' Antilles Gold (ASX:AAU) The signing of offtake agreements by Antilles Gold for the gold and copper/gold concentrates to be produced by the Nueva Sabana mine in Cuba, have seen the share price double to 0.6c. Antilles' 50%-owned Cuban joint venture mining company, Minera La Victoria SA, and a major global commodities trading house have signed two offtake agreements. Compared to the Nueva Sabana pre-feasibility study (PFS), the proposed payables are 12% higher for the gold concentrate and the same for the copper/gold concentrate. 'Finalisation of the concentrate offtake agreements is a major step forward in arranging financing for the Nueva Sabana project, and positive negotiations are progressing with potential lenders for the construction of the mine,' Antilles Gold chairman Brian Johnson said. "The mine is fully permitted, and the aim is to finalise the financing within the next three months to allow construction commencement, with commissioning 12 months later.' The company currently estimates the initial life of the Nueva Sabana Mine to be ~4.5 years and this could be further extended.
Web Release
24-05-2025
- Business
- Web Release
UAE hosts ‘Every Can Counts' global meeting in Dubai to highlight aluminium drink can recycling strategies
For the first time in the Middle East, Every Can Counts —an innovative programme that inspires people to recycle their drink cans wherever they are — brought its Global Managers Meeting to Dubai to highlight aluminium drink can recycling strategies. The international gathering welcomed representatives from 21 countries to share best practices, follow training and drive global aluminium drink can recycling rates. The four-day gathering featured workshops, strategic discussions, and field visits to local aluminium production and drink can manufacturing facilities. Delegates explored ways to expand Every Can Counts' presence in public spaces, festivals, sports events, schools, and workplaces. Emirates Global Aluminium (EGA), the UAE's largest industrial company outside the oil and gas sector, partnered with leading can-makers Crown and CANPACK to launch the Every Can Counts programme in the UAE on the occasion of COP28. The initiative aims to inspire consumers to sort and recycle aluminium cans, contributing to emissions reduction and resource preservation. 'The UAE is rapidly emerging as a hub for sustainability and circular economy initiatives,' said David Van Heuverswyn, Global Director of Every Can Counts. 'Hosting the country managers meeting in Dubai reflected our shared global responsibility to inspire behaviour change and boost recycling rates. I thank our partners—Emirates Global Aluminium, Crown, and CANPACK—for their commitment to a more sustainable world.' The UAE's ambitious national goals for waste reduction and net-zero emissions provided an ideal backdrop for the meeting. Local sustainability projects highlighted during the event illustrated how regional innovation can contribute to a broader global impact. A key focus of the discussions was the role of aluminium cans in supporting circular economy goals. Infinitely recyclable and lightweight, aluminium remains one of the most sustainable beverage packaging options. Around the world, aluminium is the most-recycled material, with around 75% of the aluminium ever produced still in use today. As part of its vision for every can, everywhere to be recycled back into a new can, Every Can Counts has aligned with the global aluminium industry's targets to achieve an 80% recycling rate for drink cans by 2030 and nearly 100% by 2050. This ambitious commitment brings together all participating countries, partners, and communities under a shared goal: to close the loop on aluminium and keep valuable materials in circulation. The Every Can Counts programme continues to raise public awareness and drive meaningful behavioural changes through locally adapted campaigns across Europe, Latin America, the USA and now, the Middle East—empowering consumers to take part in shaping a more sustainable future.
