Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, has been taking solid steps with the progress of Line 6 Expansion Project, according to a statement issued by the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa.
The statement was made at the second quarterly meeting for this year, held on Thursday, 25 May 2017 at Alba.
Adding further, Shaikh Daij said:
“We are very pleased with securing the first tranche of Export Credit Agency (ECA), c. US$ 700 million, and we expect another US$300 - US$400M of ECA-covered financing to be closed by the end of the 3rd quarter which will fully secure Line 6 financing.
I would also like to thank the Alba team for the significant progress in restoring reduction line 5. We look forward to fully resuming Line 5 production both safely and as soon as possible.”
During the meeting, the Board approved the minutes of the previous meeting, which was held on 9 February 2017 as well as the membership of the Standing Committees of the Board.