VOL. XLVI

No 38

22-September-2003

BAHRAIN

Alcoa Set To Acquire 26% Stake In Alba With Sixth Potline Planned

The Bahrain government and US-based Alcoa on 15 September signed a memorandum of understanding (MOU) paving the way for the latter to acquire a 26% equity stake in Aluminium Bahrain (Alba). The deal also covers a long-term alumina supply arrangement for the 512,000 tons/year capacity Alba smelter. Bahrains Oil Minister and Alba Chairman, Shaikh Isa bin Ali Al Khalifa, said the MOU provided...