OREANDA-NEWS. Aluminium Bahrain B.S.C . (Alba), d espite the significant drop in LME prices and physical premiums , was able to increase i ts overall sales and throughput for the third quarter of 2015. S ales figures reached 238,862 metric tonnes (mt), an increase of 5,940 (mt), versus 232,922 mt in Q3 201 4 while production figures jumped by 2.9 % year - on - year (YoY) to top 240,351 mt for the same period in 2014.

For the nine months of 2015, Alba’s sales figures stretched to 699, 362 (mt) , up from 689,203 (mt) in the same period of 2014 ; while production figures increased by 19,521 mt to reach 717,029 mt year - to - date.

In addition, Alba closed the third quarter of 2015 with its Value - Added Sales averaging 64% of total shipments versus 67% for the same period in 2014. Value - Added Sales for the nine months of 2015 averaged 65% of total shipments versus 66% for the same period in 2014.

Commenting on Alba’s sales and production figures for Q 3 2015, Alba’s Chief Executive Officer , Tim Murray said: “Despite the collapse of all - in - aluminium prices, Alba continues to perform and deliver results in its key areas of Safety and Production. W e will continue to push the limit on our cost initiatives and accelerate our efforts to remain cost competitive.”

About Alba: Aluminium Bahrain B.S.C. (Alba) - one of the largest and modern aluminium smelters in the world - is renowned for its premium grade aluminium products, technological strength and innovative policies, strict environmental guidelines and high track record fo r safety. Established in 1971 as a 120,000 tonnes per annum smelter, Alba today produces more than 931,000 metric tonnes per annum of the highest grade aluminium, with products including standard and T - ingots, extrusion billets, rolling slab, properzi ingo ts, and molten aluminium. Alba is listed on both the Bahrain Bourse and London Stock Exchange, and the Company’s shareholders are Bahrain Mumtalakat Holding Company (69.38%), SABIC Industrial Investment Company (20.62%) and the General Public (10%).

About Line 6 Expansion Project: Line 6 Expansion Project, expected to begin production by early 2019, will boost the per - annum production by 514,000 metric tonnes, bringing the total production capacity of Alba to around 1.450 million metric tonnes per ye ar. Bechtel Canada completed the Bankable Feasibility study for the \\$3.5 billion Line 6 Expansion Project in December 2014. DX+ Technology is selected as the base for Line 6, while J.P. Morgan, Gulf International Bank (GIB) and National Bank of Bahrain (NB B) are the Financial Advisors of the Project. The Line 6 Expansion Project will enhance the downstream industry by creating many co - investment opportunities through local and foreign aluminium investments. It will create hundreds of jobs, directly and ind irectly, which will be a significant economic boost for the Kingdom of Bahrain.