ALBAhttp://www.aluminiumbahrain.com©2011 ALBAALBA News Feedssomeone@alba.com.bhsomeone@alba.com.bhMoU inked between Alba and UoB to enhance scientific and research cooperationhttp://www.albasmelter.com/mc/News/Pages/2020/MoU-inked-between-Alba-and-UoB-to-enhance-scientific-and-research-cooperation--.aspx<!<p style="text-align:justify"><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200920.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify">Aluminium Bahrain B.S.C. (Alba), the world largest aluminium smelter ex-China, has signed a Memorandum of Understanding (MoU) with University of Bahrain (UoB) on Monday 14 September 2020 to boost cooperation between the two entities in various areas of research and academic programmes. The MoU was signed by the President of the University of Bahrain Prof. Riyad Yousif Hamzah and Alba’s Chief Executive Officer Mr. Ali Al Baqali at Alba premises. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">During the signing ceremony, both parties discussed the progress of the joint research projects which will help the Company to adopt solar and renewable energy – thus securing sustainable energy future for the generations to come. This initiative is in line with the objectives of the National Renewable Energy Action Plan and the Company’s strategic approach towards the shift to Green Aluminium. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Speaking on this occasion, Prof. Riyad Y. Hamzah said: “We are delighted to ink this MoU with one of the world’s leading aluminium producers. This agreement will pave the way for enhanced cooperation, especially in the fields of scientific research, training and academic programmes.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">He also expressed his thanks to Alba for supporting hands-on training programmes in various engineering and administrative disciplines as well as for the involvement of Alba’s engineers in many joint committees as part of industrial and engineering programmes at the University. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba’s CEO Mr. Ali Al Baqali added: </div> <div style="text-align:justify">“This MoU is an extension of the collective initiatives over the years between Alba and UoB in different fields. This national partnership is set to enhance our joint efforts to invest in the Human Capital and accordingly build the capabilities of Bahraini nationals in line with Bahrain Economic Vision 2030.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">In addition to developing academic programmes to support the industrial sector in Bahrain, this MoU will accelerate various research projects as well as enable higher education students to conduct research and studies which will add value to Alba. The MoU also involves the provision to support the University’s internal training programmes for both students and faculty as well as exchange of information for the issuance of joint scientific and technical publications.</div>Alba hosts virtual sessions for its customers in partnership with CRUhttp://www.albasmelter.com/mc/News/Pages/2020/Alba-hosts-virtual-sessions-for-its-customers.aspx<!<div>​​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200909.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C. (Alba), the world’s largest smelter ex-China took the lead, in a first-of-its-kind initiative, by hosting virtual ‘Market Update’ sessions with its customers worldwide. Organised in cooperation with CRU, these sessions were held over four days – 03, 04, 09 and 10 September 2020 – and aimed at updating them about how Alba is navigating through the impacts of COVID-19 pandemic as well as addressing latest industry developments. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Speaking about this initiative, Alba’s Chief Executive Officer Ali Al Baqali said: </div> <div style="text-align:justify"> “COVID-19 has undoubtedly brought the aluminium industry closer as we prepare ourselves to emerge from this pandemic stronger. </div> <div style="text-align:justify"> Alba’s unique virtual collaboration with CRU enabled us to not only reach-out to our customers and offer our superior services but also assert our unwavering commitment to Safety, Efficient and Agile Operations.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Alba customers from different regions actively participated in the ‘Market Update’ sessions, which featured Alba’s Chief Marketing Officer Khalid Abdul Latif along with CRU industry analysts including Eoin Dinsmore, James Wren and many more. </div> ​Alba supports Bahrain's COVID-19 mitigation effortshttp://www.albasmelter.com/mc/News/Pages/2020/Alba-supports-Bahrains-COVID-19-mitigation-efforts.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200809.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify">Mr. Ali Al Baqali, CEO of Alba, and Mr. Mohd. Khalil, Director of Safety, Health and Environment at Alba, met with Brigadier Dr. Abdulla Darwish, Technical Assistant to the Director of the Royal Medical Services at the Bahrain Defence Force (BDF) Hospital, on 5 August 2020 to further strengthen collaboration on the coronavirus (COVID-19) response. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Aluminium Bahrain B.S.C. (Alba) has been proactive in supporting Bahrain's COVID-19 mitigation efforts, developing and fostering its community engagement initiatives, which includes support to the ‘Convalescent Plasma Donation Programme’ at the BDF Royal Medical Services (BDFRMS), led by Major General (Prof) Shaikh Khalid bin Ali Al-Khalifa, Director of the Royal Medical Services. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba’s Chief Executive Officer Mr. Ali Al-Baqali said: </div> <div style="text-align:justify">“We are all in this together. It is a matter of great pride for Alba to contribute towards and support the efforts of Team Bahrain in overcoming the challenges of this Pandemic.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Brigadier Dr. Abdulla Darwish said: </div> <div style="text-align:justify">“The Kingdom of Bahrain has been prudent in its approach towards combating COVID-19. We are pleased that Alba has demonstrated a strong initiative to support the BDFRMS by supporting the ‘Convalescent Plasma Donation Programme’, which has shown promising results in the management of COVID-19 patients.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">The ‘Convalescent Plasma Donation Programme’ helps facilitate recovery by transferring antibodies from the blood plasma of fully recovered COVID-19 patients who meet the required conditions to current patients. </div> <div style="text-align:justify">For more information, please call BDF-RMS Blood Donations at +973 17766279. </div>Alba Discloses its Financial Results for the Second Quarter and H1 of 2020http://www.albasmelter.com/mc/News/Pages/2020/Alba-Discloses-its-Financial-Results-for-the-Second-Quarter-and-H1-of-2020.aspx<!​​<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200726.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <b>Q2 &amp; H1 2020 Financial Performance</b> <br /><br /> <ul> <li> World consumption up by 5% year-on-year (YoY) while world production up by 7% YoY. Asian demand rose by 7% YoY supported by the Chinese consumption (9% YoY). MENA demand remains strong (6% YoY) driven by infrastructure spending in Saudi Arabia and Qatar. Prospects for the demand in North America continues to be good (3% YoY) due to the growth in the transport and construction sectors. Europe consumption remains stable (1% YoY) and is mainly denominated by the transport sector. </li> <li> With regards to the First Half of 2020, Alba has reported a Loss of BD10.6 million (US$28.3 million), down by 44% YoY versus a Loss of BD19.1 million (US$50.9 million) for the same period in 2019. For the First Half of 2020, Alba reported Basic and Diluted Loss per Share of fils 8 versus Basic and Diluted Loss per Share of fils 14 for the same period in 2019. Alba’s Total Comprehensive Loss for H1 2020 was BD19.8 million (US$52.7 million), up by 4% YoY, compared to a Total Comprehensive Loss of BD19.1million (US$50.9 million) in H1 2019. Gross Profit for the First Half months of 2020 was BD55.2 million (US$146.8 million) versus BD16.2 million (US$43.2 million) in H1 2019 – up by 241% YoY. </li> <li> Total Equity as at 30 June 2020 stood at BD1,057.1 million (US$ 2,811.5 million), down by 2%, versus BD1,078.6 million (US$2,868.6 million) as at 31 December 2019. Alba’s Total Assets as at 30 June 2020 topped BD2,380.7 million (US$6,331.7 million) versus BD2,420.2 million (US$6,436.8 million) as at 31 December 2019 - down by 2%. </li> <li> With regards to the Revenue from Contracts with Customers in the second quarter of 2020, Alba generated BD244 million (US$649 million) versus BD245 million (US$651.8 million) in Q2 2019 - down by 0.4% YoY. For the First Half of 2020, total Revenue from Contracts with Customers reached BD519.9 million (US$1,382.9 million), up by 16% YoY, compared to BD448.6 million (US$1,193 million) for the same period in 2019. </li> <li> Alba’s top-line was driven in the second quarter of 2020 by higher metal Sales’ volume thanks to Line 6 and impacted by lower LME price [down by 17% Year-over-Year (US$ 1,494/t in Q2 2020 versus US$ 1,793/t in Q2 2019)] while the bottom-line was impacted by higher depreciation and financial charges. </li> </ul> <br /> <b>Q2 2020 Industry Highlights</b> <ul> <li> The global spread of COVID-19 pandemic has disrupted the world’s economy. Governments’ strategies have been focused to contain the spread of COVID-19 from restricting travels to closing public services and limiting industrial activity. Commodities have taken the hardest hit and Aluminium supply-chain is not an exception. </li> <li> World Consumption down by 9% Year-over-Year. </li> <li> World ex-China has seen the largest-ever decline in Aluminium consumption [a drop of 28% YoY]. </li> <li> COVID-19 pandemic takes its toll on Aluminium demand in major markets: a drop of 35% in US, 30% in Europe &amp; 22% in MENA. </li> <li> Chinese economy has been recovering from the pandemic-driven shutdown thanks to the government’s stimulus measures which has led to 5% YoY growth in Aluminium demand [mainly via a rebound in construction and auto sectors]. </li> <li> Global Production witnessed a modest growth of 1% YoY. Primary Aluminium production in MENA continues - up by 25% YoY [mainly on the back of Alba’s Line 6 metal]. US manufacturing continues with production in North America up by 5% YoY. Better Shanghai Futures Exchange (SHFE) prices has led the Chinese supply to grow by 2% YoY. Europe supply down by 3% YoY due to COVID-19 disruptions to the Aluminium downstream. This has led the world market to be in surplus with China (+445Kt) and (+1,622Kt) without China. </li> <li> LME inventories at ~1.6 million MT as of June-end (up by 66% YoY). LME-Cash averaged US$1,494/t (down by 17% YoY) and the Physical premium prices continue to be under downward pressure. </li> </ul> <br /> <b>Alba Safety Highlights amidst COVID-19</b> <br /><br /> <ul> <li>Ongoing liaison with COVID-19 Bahrain National Team to ensure our People’s Safety - Employees and Contractors.</li> <li>Remote work from home continues for most of office/admin employees (men &amp; women).</li> <li>Adoption of social distancing &amp; adjusting shifts’ schedule to minimize exposure risk.</li> <li>Restricting travels and embracing virtual meetings in-house and with external visitors.</li> </ul> <br /> <b>Q2 2020 Alba Highlights</b> <ul> <li>Achieved on 29 June 2020: 23 million working-hours w/o LTIs for the first time in Alba’s commercial operations.</li> <li>7-year winning streak with Gold Medal Health &amp; Safety Award from the Royal Society for the Prevention of Accidents (RoSPA).</li> <li>Alba was honoured with British Safety Council’s International Safety Award with Merit – 2020.</li> <li>Successful set-up of the Fish Farm at Alba Calciner &amp; Marine Operations.</li> <li>Sales’ volume topped 390,750 metric tonnes (MT) - up by 25% YoY while Production reached 378,558 MT - up by 24% YoY.</li> <li>Value Added Sales averaged 34% of the total shipments.</li> <li>Titan – Phase IV achieved savings were US$74 million against 2020 Target of US$100 million.</li> <li>Release of 2019 Sustainability Report (4th edition). </li> <li>Spent Pot Lining (SPL) Treatment Plant in progress (overall progress exceeded 21%).</li> </ul> <br /> <b>2020 Alba Priorities</b> <ul> <li>Continued Focus on ‘Safety Globe’ Initiative. Keep our People (Employees &amp; Contractors) Safe Amidst Novel COVID-19.</li> <li>To achieve 2020 Production Target of 1,540,000 MT.</li> <li>Deliver on Project Titan - Phase IV [Projected Savings of US$ 100 Million by 2020-end].</li> <li>Screen for Upstream Opportunities to Secure Alumina requirements.</li> <li>Obtain Value-Added Sales’ Qualification with Aluminium Stewardship Initiative (ASI) and Ecovadis certifications.</li> <li>Complete SPL Treatment Plant and Port Upgrade as per Timeline.</li> </ul> <br /> <font color="black"> <br /><br /> Commenting on Alba’s financial performance for the second quarter of 2020, the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa stated:<br /> “As COVID-19 unfolds, we continue to focus on adapting to the new life norm and keeping our people safe as we navigate together through this crisis. Despite the challenging market conditions, we are unlocking our strength as we aim to close 2020 by meeting our Production Target of 1,540,000 metric tonnes.” <br /><br /> Adding further, Alba’s Chief Executive Officer, Ali Al Baqali said:<br /> “Today, the world is going through radical transformation and the Aluminium industry is not an exception. Despite the odds, we have been able to maintain a stable performance by delivering on our commitments. In the face of this crisis, we choose to get better by capitalising on our Safety culture and operational resilience which has led us to achieve more than 24 million safe working-hours without LTI as of to-date.” <br /><br /> Alba Management will hold a conference call on Monday 27 July 2020 to discuss Alba's financial and operational performance for Q2 2020 as well as outline the Company's priorities for the remainder of this year. </font>​​Alba launches its first virtual Summer Safety Campaign 2020http://www.albasmelter.com/mc/News/Pages/2020/Alba-launches-its-first-virtual-Summer-Safety-Campaign-2020.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200719.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify">Aluminium Bahrain B.S.C (Alba), the world’s largest aluminium smelter ex-China, underlined its position as a leader in Employee Safety and Health by launching its first virtual Summer Safety Campaign under the theme ‘Our Safety is in Our Hands’ today Sunday 19 July 2020. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">The six-day Summer Safety Campaign aims at encouraging employees and contractors to make the right choices for their Safety and Health as the summer season is in full swing. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba’s Chief Executive Officer Ali Al Baqali virtually inaugurated the Summer Safety Campaign 2020 with a welcoming address live streamed to the Company’s Management as well as employees and contractors. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">In his opening address during the launch of the Campaign, Al Baqali said: </div> <div style="text-align:justify">“While COVID-19 Pandemic has changed the way we operate, keeping safe is a constant choice we -- employees and contractors – make in Alba. </div> <div style="text-align:justify">With the launch of our much-awaited Safety Campaign, we aim to emphasise that Safety don’t just happen, but it is the result of our collective efforts as ONE team.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba’s Summer Safety Campaign 2020 comprises virtual presentations by the Executive Management, which will be broadcasted by using virtual platforms in various locations in the plant as well as Safety Walks by the Management. </div>Alba sets a new standard in employee’s training and developmenthttp://www.albasmelter.com/mc/News/Pages/2020/Alba-sets-a-new-standard-in-employees-training-and-development.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200714.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify">Setting a new standard in employee’s training and development, Aluminium Bahrain B.S.C (Alba), the world’s largest aluminium smelter ex-China has successfully adopted virtual platforms for training its employees and contractors since April 2020. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">“COVID-19 has dramatically changed the global training &amp; education sector, giving a distinctive rise to virtual platforms. As we find our balance in the new norm, Alba has reshaped its training and development programmes so that our people continue to learn and grow, which in turn will help Alba stay ahead of the curve,” said Alba’s Chief Executive Officer Ali Al Baqali. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Training and Development has always been one of Alba’s top priorities. In the wake of COVID-19 Pandemic, the Company’s Human Resources &amp; Training Department quickly transitioned from in-person learning to virtual and online training sessions for Alba employees as well as contractors. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba has been conducting numerous short courses and multiple-days trainings by in-house instructors and technical experts as well as well-known external training providers. The Company will continue to expand its virtual and online training portfolio to fulfil the objectives of its Master Training Plan, which was announced in October 2019. </div>Alba achieves 23 million working-hours without LTIhttp://www.albasmelter.com/mc/News/Pages/2020/Alba-achieves-23-million-working-hours-without-LTI.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200629.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify">Aluminium Bahrain B.S.C (Alba), the world’s largest aluminium smelter ex-China, achieved 23 million working-hours without any Lost Time Injury (LTI) today, Monday 29 June 2020. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Commenting on this first-time historical milestone, Alba’s Chief Executive Officer Ali Al Baqali said: </div> <div style="text-align:justify">“A strong Safety culture is built over time; it is never given. Our pro-active commitment and uncompromising approach toward Safety has helped us achieve 23 million working-hours without any Lost Time Injury (LTI) for the first time in our soon-to-be Golden Jubilee of operations. I thank our employees and our contractors for making this achievement possible. </div> <div style="text-align:justify">As we approach the hot summer months, we must be more Safety-Conscious to ensure the Safety and well-being of all our people.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba has been consistently marking record-breaking Safety achievements -- 15 million working-hours without LTI on 21 December 2019 and 20 million working-hours without LTI on 07 April 2020. Alba has also been awarded in 2020 with international awards for its Safety performance -- five major International Safety Awards from National Safety Council, 2020 Gold Medal Health and Safety Award from the Royal Society for the Prevention of Accidents (RoSPA) and International Safety Award with Merit 2020. </div>Alba Officials Visit the Construction Site for the Spent Pot Lining (SPL) Treatment Planthttp://www.albasmelter.com/mc/News/Pages/2020/Alba-Officials-Visit-the-Construction-Site-for-the-Spent-Pot-Lining-(SPL)-Treatment-Plant-.aspx<!<p style="text-align:justify"><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200617.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify">The first of its kind in GCC and Bahrain, Aluminium Bahrain B.S.C. (Alba) Spent Pot Lining (SPL) Treatment Plant construction is progressing as per schedule, stated the Chief Executive Officer Ali Al Baqali during Alba Executives’ visit to the construction site in early June 2020. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">In line with Bahrain’s National Waste Management Strategy led by His Highness Shaikh Abdulla bin Hamad Al Khalifa, Personal Representative of His Majesty King of Bahrain and President of the Supreme Council for Environment, this project will provide a value-creating and sustainable solution to treat SPL with ensuring zero-waste. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Adding further, Alba’s Chief Executive Officer, Ali Al Baqali, said: </div> <div style="text-align:justify">“Being one of the blue-chip assets of the Kingdom of Bahrain, our aim is to lead the fields in sustainability – in line with the Kingdom of Bahrain’s Economic Vision 2030 – and set the benchmark to transform SPL into Value-Added Products. I also take the opportunity to thank Bahrain’s Supreme Council for Environment for their continuous support.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">The Project’s overall progress advanced by more than 21% and achieved over 35,078 working hours without LTI by May-end 2020. The SPL Treatment Plant - expected to be operational by Q1 2021 – will have the capacity to treat 30,000 to 35,000 tonnes of SPL a year, which, after being processed, can be used in other industries.</div>Alba holds Board Meeting for second quarter of 2020http://www.albasmelter.com/mc/News/Pages/2020/Alba-holds-Board-Meeting-for-second-quarter-of-2020.aspx<!<p style="text-align:justify"><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200610.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify">Aluminium Bahrain B.S.C (Alba), the world’s largest aluminium smelter ex-China, has been running its operations at full capacity despite COVID-19, stated the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa during the second quarterly Board of Directors’ meeting held virtually on Wednesday 10 June 2020. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Adding further, Shaikh Daij Bin Salman Bin Daij Al Khalifa said: </div> <div style="text-align:justify">“As COVID-19 unfolds, we had to adapt quickly -- finding our balance in the new normal. </div> <div style="text-align:justify">Our production facilities continue at full run rate while new Safety measures were adapted across the plant to ensure that our workforce is safe at all times. </div> <div style="text-align:justify">I also congratulate everyone, employees and contractors, on topping more than 22 million working-hours without Lost Time Injury (LTI) mark for the first time in our history and for keeping Alba safe as we deliver on our commitments to our customers.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">During the meeting, the Board approved the Minutes of the previous meeting as well as reviewed Reports of the Executive Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance Committee. Updates were also given on Safety and plant performance amidst COVID-19, insights on the overall market conditions and Alba’s Financial Performance to-date. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Including the Chairman of the Board, Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Alba Board of Directors comprises six directors appointed by Bahrain Mumtalakat Holding Company B.S.C. © – Mr. Yousif Abdulla Taqi, Mrs. Suha Karzoon, Shaikh Isa Bin Khalid Al Khalifa, Mr. Tim Murray and Mrs. Rasha Sabkar. The three directors appointed by Sabic Industrial Investments Co. (SIIC) are Mr. Ahmed Al Duriaan, Mr. Iyad Al Garawi and Mr. Omar Al Amoudi and one elected director, Mr. Mutlaq Al-Morished. </div>Alba Fish Farm boosts aquaculture in the Kingdomhttp://www.albasmelter.com/mc/News/Pages/2020/Alba-Fish-Farm-boosts-aquaculture-in-the-Kingdom.aspx<!<p style="text-align:justify"><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200601.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify">With the aim to boost the Kingdom’s aquaculture, Aluminium Bahrain B.S.C. (Alba) has developed a Fish Farm at its Calciner and Marine Plant in Sitra in collaboration with the Bahrain National Guard Consumer Association. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba’s Fish Farm is in response to His Majesty King Hamad Bin Isa Al-Khalifa Royal Directives to develop strategic projects for the National Production of food as well as achieve food security. This Project is also in line with the Company’s commitment to Aluminium Stewardship Initiative (ASI) in particular the Environmental Biodiversity and enriching the ecological system around Alba’s operations. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Commenting on this occasion, Alba’s Chief Executive Officer Ali Al Baqali said: </div> <div style="text-align:justify">“Aquaculture is a leading method to grow food sustainably. As an island, Bahrain is home to a variety of marine life; Fish Farming is the most natural and sustainable approach to protect biodiversity and maintain environmental balance. With the successful set-up of the Fish Farm, Alba has demonstrated that its Calciner &amp; Marine operations are safe and favourable for aquaculture. The proceeds from this Project will be spent on Alba’s various CSR initiatives in the local community. We also take the opportunity to thank Bahrain National Guard Consumer Association for their extensive experience and guidance in developing Alba’s Fish Farm Project.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">The fully-functional Alba Fish Farm ‘Pilot’ Project consists of two fish farming cages submerged next to Alba’s Calciner &amp; Marine jetty wherein one cage cultures more than 5,000 of a well-known local fish type - Sabiti (i.e. Sparidentex) and the other one holds more than 10,000 Sea Bream type. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Major General Shaikh Abdul Aziz Bin Saud Al Khalifa, Chief of Staff, National Guard Bahrain added: </div> <div style="text-align:justify">“Implemented in cooperation with the Bahrain National Guard Consumer Association, Alba’s Fish Farm Project supports the Kingdom of Bahrain’s pioneering efforts in enhancing food security and marine sustainability. We look forward to more similar projects developed in the Kingdom of Bahrain.” </div>