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...
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