Latest news with #smelter
Zawya
21-07-2025
- Business
- Zawya
Bahraini national Ali Aseeri named Acting Manager Engineering & Projects at Alba
Aluminium Bahrain B.S.C. (Alba), one of the world's largest aluminium smelters on a single site, is pleased to announce the appointment of Ali Aseeri as the Acting Manager of Engineering & Projects, effective immediately. Ali brings over two decades of engineering expertise to this role. He started his career in Alba's Engineering Department in 2005, following which he helb capacity enhancement projects such as Line 6 and Line 4 Anode Enlargement Projects and Upgrades of Gas Treatment Centres 1 through 4. Commenting on this appointment, Alba's Chief Executive Officer, Ali Al Baqali, stated: 'This appointment is not just a reflection of Alba's strategic focus on Bahrainisation but also a recognition of Ali's proven track record. His technical acumen and strategic outlook will play a key role in steering the engineering design and implementation of key projects across Alba.' Ali holds a Master's degree in Mechanical Engineering from the Technical University of Liberec, Czech Republic, a Master of Business Administration (MBA) from Arabian Gulf University as well as a Project Management Professional (PMP) Certification from Project Management Institute (PMI) About Aluminium Bahrain B.S.C. (Alba) [Ticker: ALBH] A Global Aluminium Leader: At plus-1.62 million metric tonnes per annum (mtpa) (2024), Alba is a world-leading aluminium smelter with a proud 50-year legacy in operational excellence, safety, environmental responsibility, and community development. Trusted Partner: A cornerstone of the Bahrain's economy, Alba produces high-quality aluminium, including standard and value-added products, which are exported to over 280 customers globally. With sales' offices in Europe (Zurich), Asia (Singapore), and a subsidiary in the U.S., Alba is a reliable partner on the world stage. Alba is dually listed on Bahrain Bourse and London Stock Exchange and its shareholders are Bahrain Mumtalakat Holding Company B.S.C. © (69.38%), Saudi Arabian Mining Company (Ma'aden) (20.62%) and General Public (10%). Alba prioritises the highest quality standards, reflected in its certifications: ISO 9001 (quality), ISO 14001 (environment), ISO 27001 (information security), ISO 45001 (occupational health and safety), and ISO 18788 (security operations management). Additionally, Alba demonstrates its commitment to responsible manufacturing through certifications like IATF 16949 (automotive quality), ISO 22301 (business continuity management), ASI Performance and Chain of Custody Standards, and a top 1% Platinum sustainability rating from EcoVadis. Pioneering Sustainability: As the first aluminium smelter in the Middle East, Alba is central to Bahrain's thriving downstream aluminium sector, contributing significantly to the Kingdom's GDP. Committed to social responsibility, Alba employs a workforce that is 87% Bahrainis (2024) and invests heavily in employee training and development. Alba also plays a crucial role in the Aluminium Downstream Park, therefore increasing the contribution of non-oil sectors to the GDP of Bahrain. Alba has been recognised for its initiatives to produce Aluminium responsibly through awards such as Top ESG performer in Bahrain by ESG Invest, Safeguard Label from Bureau Veritas and Best Corporate Governance Award by Ethical Boardroom. Recognised for its environmental practices, social contributions, and corporate governance, Alba launched a comprehensive ESG Roadmap in 2022 focusing on 6 priority areas: (1) Decarbonisation, (2) Green Energy & Aluminium, (3) Circular Economy & Secondary Aluminium, (4) Employee Welfare, (5) Collaboration & Partnership and (6) Transparency, Communications & Due Diligence. Since its inception, Alba has invested into numerous environment, sustainable and socio-economic development projects that have had a positive impact on the society. Alba's first-of-its-kind US$37.5 million zero-waste Spent Pot Lining Treatment Plant, Power Station 5 Block 4 Project, and the upcoming +6 MW Solar Farm Project are tangible initiatives aligned with Bahrain's Net Zero Carbon Targets by 2060 led by HRH the Crown Prince and Prime Minister of Bahrain. Specifically, Alba's PS5 Block 4 is a new 680.9-megawatt (MW) combined-cycle power plant that expands the existing PS5 facility. Block 4 has increased the nameplate capacity of PS5 Complex from 1,800 MW to 2,481 MW and is reducing the Company's overall GHG emissions intensity ratio by 0.5 tonnes of CO2 per 1 tonne of aluminium produced. In a significant step towards its ESG goals, particularly its commitment to a circular economy and secondary aluminium, Alba introduced EternAlTM, its new line of low-carbon aluminium products. Launched in June 2025, EternAl offers two product series with multiple variations to meet diverse customer needs: one featuring recycled content, and the other integrating verified in-house carbon offsets. Safety First, Always: Guided by the motto "Safety First, Safety Always," Alba prioritises the well-being of its employees and contractors. The Company achieved a record-breaking 37 million safe working hours without a lost-time injury in June 2025. The Company has been recognised internationally for its excellent Safety and Health track record with awards such as the RoSPA's Lifetime President and President Awards (10+ Gold Medal Awards), the British Safety Council's International Safety Award with Merit along with 4-Star Audit Rating, as well as numerous awards from the National Safety Council (NSC). Alba Stakeholder Engagement Plan Alba prioritises open communication with all its stakeholders, including the community, environmental and social groups. Through its Stakeholder Engagement Plan, the Company proactively addresses environmental and social impacts of its operations, outlining clear mitigation controls. Alba also maintains an external Grievance Mechanism accessible through the Code of Conduct, allowing stakeholders and the public to voice concerns and raise issues. Alba's External Grievance Mechanism Alba prioritises ethical conduct and environmental responsibility. Stakeholders, employees, contractors, and the community can confidentially report any potential breaches of Alba's Code of Conduct or raise concerns about environmental and social impacts through the Alba Integrity Line. This independent, multilingual hotline operates 24/7 and is accessible via a toll-free phone number, the company intranet, or the website at
Reuters
18-07-2025
- Business
- Reuters
Vale Indonesia to seek up to $1.2 billion financing in 2026-2027, official says
JAKARTA, July 18 (Reuters) - Nickel miner Vale Indonesia plans to seek between $1 billion and $1.2 billion in financing over 2026-2027 to help fund its mine and smelter projects, Andaru Brahmono Adi, head of corporate finance and investor relations, said on Friday. The first round of financing, around $500 million, will likely come from bank loans in early 2026, he said, adding the company may tap into the bond market in 2027. "This external funding will be used toward funding our projects. Now we are developing three mines…we are also building HPAL smelters with our partners," he told reporters. Vale Indonesia is currently developing nickel mines in several areas on Sulawesi island, which in recent years has seen an uptick in domestic processing of nickel, one of Indonesia's most cherished metals and used to make batteries for electric vehicles. Its mine in Bahodopi will start operations later this year, Andaru said, while the mine in Pomalaa will start next year. The company is also developing facilities for a process known as high-pressure acid leaching (HPAL), with companies such as Ford (F.N), opens new tab and China's Zhejiang Huayou Cobalt ( opens new tab and battery materials producer GEM ( opens new tab as its partners.
Yahoo
17-07-2025
- Business
- Yahoo
Vedanta plans Zambian smelter refurbishment to boost copper output
Zambia-based Konkola Copper Mines (KCM), a unit of UK-based miner Vedanta Resources, has announced a comprehensive refurbishment of its smelter as part of a broader initiative to enhance production capabilities, reported Bloomberg. The planned shutdown and overhaul aim to 'restore structural integrity and improve efficiency', with the company targeting a significant increase in output by the start of the next decade. However, the company has not disclosed the cost, start date or duration of the smelter refurbishment. Despite ambitions to reach an annual production of 300,000 tonnes (t), KCM's current output is less than 10% of this target. Zambia, Africa's second-largest copper producer, recently waived an export tax on 255,000t of copper concentrates, partly due to KCM's smelter's current inability to process the material. KCM, with copper deposits exceeding 2.4% grade and significant cobalt reserves, has the potential to become one of the top five global cobalt producers. It is claimed to be Zambia's largest integrated copper producer, encompassing a complete production value chain that includes both open-pit and underground mines, concentrators, a modern smelter, a tailings leach plant and a refinery. Furthermore, KCM is the sole mining entity in Zambia with operations across four distinct locations, namely Chingola, Chililabombwe, Nampundwe and Kitwe. Vedanta, led by Indian businessman Anil Agarwal, regained control of KCM approximately one year ago after settling a protracted dispute with the Zambian Government. The resolution included a commitment to invest more than $1.2bn (£895.53m) over five years for operational upgrades and creditor settlements. Since resuming management, Vedanta has already contributed more than $400m to KCM, including $250m for debt clearance and a $124m instalment. These funds are also earmarked for completing the Konkola Deep underground mining project. In April, Vedanta Resources announced that it is exploring a public listing in the US for KCM to raise approximately $1bn for mine development. "Vedanta plans Zambian smelter refurbishment to boost copper output" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Bloomberg
16-07-2025
- Business
- Bloomberg
Vedanta's Zambia Copper Unit Will Revamp Smelter to Boost Output
Vedanta Resources Ltd.'s Zambian copper mining unit plans to refurbish its smelter as part of efforts to ramp up production from operations the company recovered last year. The plant will undergo 'a full shutdown and refurbishment' to 'restore structural integrity and improve efficiency,' Konkola Copper Mines said on Wednesday in an emailed statement. While the firm is targeting output of 300,000 tons by the start of next decade, production was less than 10% of that last year.
Zawya
15-07-2025
- Business
- Zawya
Alba appoints Sohaila Rahman as Chief Legal and Governance Officer
Aluminium Bahrain B.S.C. (Alba), the world's largest smelter on one site, announced the appointment of Sohaila Rahman as its new Chief Legal and Governance Officer effective 20 July 2025. Sohaila Rahman is a UK-qualified lawyer with over twenty years of experience. Her professional background includes significant roles in private practice and in-house legal departments across the UK, UAE, and Bahrain. She has advised financial institutions, real estate developers, and multinational companies on a wide range of legal matters, including M&A transactions, corporate governance, and real estate development. Sohaila has held senior positions at Al Tamimi & Company, The Bahrain Petroleum Company, Eagle Hills Diyar Company, KBH Kaanuun, Baker & McKenzie, Clifford Chance LLP, and Freshfields Bruckhaus Deringer. 'We are delighted to welcome Sohaila to the Alba family,' said Khalid Al Rumaihi, Chairman of Alba's Board of Directors. 'Her deep understanding of the legal frameworks and strong advisory capabilities in diverse sectors will strengthen Alba's legal and governance functions, ensuring Alba's continued commitment to best practices.' Ali Al Baqali, Alba's Chief Executive Officer, added, 'Sohaila's appointment is a testament to Alba's commitment to attracting top-tier talent to our C-suite. Her leadership will bring invaluable perspectives, strengthening our collective ability to achieve our strategic objectives and drive Alba forward.' Expressing her enthusiasm for the new role, Sohaila Rahman stated: 'I am honoured to join the Alba Executive team and contribute to the Company's ongoing success. I look forward to leveraging my legal and governance expertise to support Alba's ambitious vision and further strengthen its position as a global industry leader.' Sohaila Rahman holds a 2:1 LLB Law degree from the University of Reading, UK, and completed her Legal Practice Course at the Oxford Institute of Legal Practice. She is an exclusive contributor to LexisNexis Middle East on Employment Law in Bahrain and was a winner of the Author Award in 2019. About Aluminium Bahrain B.S.C. (Alba) [Ticker: ALBH] A Global Aluminium Leader: At plus-1.62 million metric tonnes per annum (mtpa) (2024), Alba is a world-leading aluminium smelter with a proud 50-year legacy in operational excellence, safety, environmental responsibility, and community development. Trusted Partner: A cornerstone of the Bahrain's economy, Alba produces high-quality aluminium, including standard and value-added products, which are exported to over 280 customers globally. With sales' offices in Europe (Zurich), Asia (Singapore), and a subsidiary in the U.S., Alba is a reliable partner on the world stage. Alba is dually listed on Bahrain Bourse and London Stock Exchange and its shareholders are Bahrain Mumtalakat Holding Company B.S.C. © (69.38%), Saudi Arabian Mining Company (Ma'aden) (20.62%) and General Public (10%). Alba prioritises the highest quality standards, reflected in its certifications: ISO 9001 (quality), ISO 14001 (environment), ISO 27001 (information security), ISO 45001 (occupational health and safety), and ISO 18788 (security operations management). Additionally, Alba demonstrates its commitment to responsible manufacturing through certifications like IATF 16949 (automotive quality), ISO 22301 (business continuity management), ASI Performance and Chain of Custody Standards, and a top 1% Platinum sustainability rating from EcoVadis. Pioneering Sustainability: As the first aluminium smelter in the Middle East, Alba is central to Bahrain's thriving downstream aluminium sector, contributing significantly to the Kingdom's GDP. Committed to social responsibility, Alba employs a workforce that is 87% Bahrainis (2024) and invests heavily in employee training and development. Alba also plays a crucial role in the Aluminium Downstream Park, therefore increasing the contribution of non-oil sectors to the GDP of Bahrain. Alba has been recognised for its initiatives to produce Aluminium responsibly through awards such as Top ESG performer in Bahrain by ESG Invest, Safeguard Label from Bureau Veritas and Best Corporate Governance Award by Ethical Boardroom. Recognised for its environmental practices, social contributions, and corporate governance, Alba launched a comprehensive ESG Roadmap in 2022 focusing on 6 priority areas: (1) Decarbonisation, (2) Green Energy & Aluminium, (3) Circular Economy & Secondary Aluminium, (4) Employee Welfare, (5) Collaboration & Partnership and (6) Transparency, Communications & Due Diligence. Since its inception, Alba has invested into numerous environment, sustainable and socio-economic development projects that have had a positive impact on the society. Alba's first-of-its-kind US$37.5 million zero-waste Spent Pot Lining Treatment Plant, Power Station 5 Block 4 Project, and the upcoming +6 MW Solar Farm Project are tangible initiatives aligned with Bahrain's Net Zero Carbon Targets by 2060 led by HRH the Crown Prince and Prime Minister of Bahrain. Specifically, Alba's PS5 Block 4 is a new 680.9-megawatt (MW) combined-cycle power plant that expands the existing PS5 facility. Block 4 has increased the nameplate capacity of PS5 Complex from 1,800 MW to 2,481 MW and is reducing the Company's overall GHG emissions intensity ratio by 0.5 tonnes of CO2 per 1 tonne of aluminium produced. In a significant step towards its ESG goals, particularly its commitment to a circular economy and secondary aluminium, Alba introduced EternAlTM, its new line of low-carbon aluminium products. Launched in June 2025, EternAl offers two product series with multiple variations to meet diverse customer needs: one featuring recycled content, and the other integrating verified in-house carbon offsets. Safety First, Always: Guided by the motto "Safety First, Safety Always," Alba prioritises the well-being of its employees and contractors. The Company achieved a record-breaking 37 million safe working hours without a lost-time injury in June 2025. The Company has been recognised internationally for its excellent Safety and Health track record with awards such as the RoSPA's Lifetime President and President Awards (10+ Gold Medal Awards), the British Safety Council's International Safety Award with Merit along with 4-Star Audit Rating, as well as numerous awards from the National Safety Council (NSC). Alba Stakeholder Engagement Plan Alba prioritises open communication with all its stakeholders, including the community, environmental and social groups. Through its Stakeholder Engagement Plan, the Company proactively addresses environmental and social impacts of its operations, outlining clear mitigation controls. Alba also maintains an external Grievance Mechanism accessible through the Code of Conduct, allowing stakeholders and the public to voice concerns and raise issues. Alba's External Grievance Mechanism Alba prioritises ethical conduct and environmental responsibility. Stakeholders, employees, contractors, and the community can confidentially report any potential breaches of Alba's Code of Conduct or raise concerns about environmental and social impacts through the Alba Integrity Line. This independent, multilingual hotline operates 24/7 and is accessible via a toll-free phone number, the company intranet, or the website at
