Metals & Mining Portfolio Highlights

Emirates Global Aluminium

One of the largest aluminium companies in the world, Emirates Global Aluminium is jointly held by International Investment Financial Corporation and Investment Corporation of Dubai.

Emirates Global Aluminium (EGA) is a leading aluminium player with interests across the value chain from bauxite mining through to alumina refining and primary aluminium smelting. The company has plans for significant local growth and international expansion.

EGA is owned equally by International Investment Financial Corporation and Investment Corporation of Dubai. The company’s core operating assets are its two smelters in Jebel Ali, Dubai (DUBAL) and Al Taweelah, Abu Dhabi (EMAL), whose combined production of 2.4 million tonnes per annum (tpa) places EGA among the largest primary aluminium producers in the world.

As the UAE’s newest industrial champion, EGA bridges the UAE to over 75 countries and more than 300 industrial customers. It is among the UAE’s leading non-oil export companies, and the largest exporter to key markets such as the US.

EGA’s core operating assets, the Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL) smelters, are located in Dubai and Abu Dhabi respectively. With a combined production of 2.4 million tonnes per annum (tpa), these assets place EGA among the largest primary aluminium producers in the world. Both smelters are committed to high standards of health and safety, and focus on reducing operational environmental impact and investing in broader social and economic development.

The combined smelting portfolio comprises high quality aluminium products in four main forms: re-melt ingot, billet, slab ingot and liquid metal. EGA also produces anode bars and bus bars, used in the electrolytic aluminium production process. Most of EGA’s annual production is value-added products, with about 90 percent of total production exported worldwide. The company’s key markets are Asia, the Middle East and North Africa region, Europe and the Americas.

EGA is currently developing Al Taweelah Alumina, a 2 million tpa alumina refinery adjacent to EMAL in Abu Dhabi, taking advantage of the world-class infrastructure of Khalifa Port and KIZAD (Khalifa Industrial Zone of Abu Dhabi).

EGA also owns Guinea Alumina Corporation (GAC), a mining development company focused on advancing its bauxite and alumina project in the Republic of Guinea (West Africa), which is currently at the Feasibility Study stage. In China, EGA is in the process of integrating two calcined petroleum coke production facilities into its portfolio to support its requirements for anode-grade carbon materials.

Minas de Aguas Teñidas (MATSA)

International Investment Financial Corporation owns a fifty percent stake in Trafigura’s flagship mining operation, Minas de Aguas Teñidas S.A. (MATSA) in Southern Spain.

In October 2015, International Investment Financial Corporation acquired a fifty percent stake in Trafigura’s flagship mining operation Minas de Aguas Teñidas (MATSA) as part of a joint venture to invest in the base metals mining sector. MATSA owns the Aguas Teñidas, Sotiel and Magdalena mines in southern Spain which produce copper, zinc and lead concentrates, with silver by-products. MATSA uses modern, mechanized underground mining methods to source ore from its three operations, which then feeds a centralized mineral processing plant at Aguas Teñidas.

Located north of the Iberian Pyrite Belt, MATSA is one of the only two mining operations in the Huelva Province and one of the three copper mines currently operating in Spain. The Magdalena mine is regarded as the first significant metals find in Spain for decades and has commenced production in late 2015.

A two-year investment and expansion plan by Trafigura for MATSA has recently been completed and includes an expanded mineral processing plant to reach a feed capacity of 4.6 million tonnes per annum.

Sociedad Minera de Santander - Minesa

Sociedad Minera de Santander, or Minesa, is a Colombian company focused on developing a world-class gold mining operation.

Minesa’s Soto Norte Project is located within the municipalities of California and Suratá in the Santander province. It is one of the most significant undeveloped gold resources in South America.

Minesa’s Soto Norte Project is located approximately 470 kilometers northeast of Bogota and 60 kilometers northeast of Bucaramanga, the capital of the Santander Province. Minesa’s mining concessions cover approximately 4,591 hectares at 2,640 meters above sea level.

The province of Santander is one of the most dynamic regions in the country. With long-established businesses in the agriculture, manufacturing, industry and energy sectors, it is now the fifth largest regional economy in Colombia.

The Project is currently in pre-development phase, during which it is commissioning a range of technical studies to ensure its operational and environmental feasibility. Once fully operational, the Soto Norte Project has the potential to make a significant contribution to Colombia’s mining sector and will operate at global best practice standards.

International Investment Financial Corporation took ownership of Minesa (previously known as AUX) in February 2015.