EFG Hermes Advises MIH and Egypt Aluminium on Term Sheet Signing with Trafigura for 300K Tons per Annum Aluminium Smelter Expansion

Trafigura to build new aluminium smelter in Egypt

Trafigura has signed a term sheet with Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding (MIH) to establish a new primary aluminium smelter.The post Trafigura to build new aluminium smelter in Egypt appeared first on Mining Technology.

Trafigura in talks to build aluminum smelter in Egypt

Commodity trading giant Trafigura says it’s begun talks with the Egyptian Aluminium Company (Egyptalum) and the Metallurgical Industries Holding Company (MIH) to build a new aluminum smelter in Egypt. The... The post Trafigura in talks to build aluminum smelter in Egypt appeared first on The Northern Miner.

EFG Hermes advises MIH and Egypt Aluminium on term sheet signing with Trafigura for 300K tons per annum Aluminium smelter expansion

EFG Hermes is advising on both the equity and debt raising processes for the expansion project

Egypt signs $900m aluminum expansion deal

Prime Minister Mostafa Madbouly witnessed on Wednesday the signing of a strategic partnership agreement between Egypt Aluminum, a subsidiary of the Metallurgical Industries Holding Company, and Trafigura Limited, one of the world’s largest raw materials traders. The deal, valued at up to $900 million, will expand the Nag Hammadi aluminum complex in Upper Egypt, doubling its production capacity from 300,000 to 600,000 tons annually. The agreement…