#Greece #Rio Tinto #METLEN Energy #Agios Nikolaos #Bauxite

METLEN Energy & Metals: Forging New Paths in the Bauxite and Alumina Market

Recently, METLEN Energy & Metals, a prominent player in the metallurgy and energy sectors, announced a significant advancement in its operations. The company has successfully entered into two long-term strategic agreements with Rio Tinto, a global leader in mining and metals. This partnership aims to enhance the supply chain for bauxite and alumina, two essential components in aluminum production, thus marking a pivotal moment for METLEN as it expands its influence in the global market.

One of the most notable elements of this collaboration is the Bauxite Supply Agreement, through which Rio Tinto will deliver approximately 14.9 million metric tonnes of bauxite sourced from the CBG mine in Guinea over the next 11 years, starting from 2027 until 2037. This substantial supply is expected to complement METLEN's production derived from local mines, ensuring a reliable and robust raw material foundation for their operations.

In tandem with this agreement, METLEN has also established an Alumina Offtake Agreement under which the company will supply Rio Tinto with 3.9 million metric tonnes of alumina, drawn from its newly augmented refinery located at the historic 'Aluminium of Greece' plant in Agios Nikolaos, Viotia. This supply will take place over an eight-year period, from 2027 to 2034, with an optional extension lasting until 2037. This strategic move signifies METLEN's commitment to boosting its alumina output from 865,000 metric tonnes to a remarkable 1.265 million metric tonnes per year.

Evangelos Mytilineos, the Chairman and CEO of METLEN Energy & Metals, expressed his enthusiasm for the partnership, noting, "This strategic partnership with Rio Tinto is one more milestone for METLEN, ensuring a secure and competitive supply chain for our expanding alumina production. With these agreements, we strengthen our competitive position and deepen our presence in the global alumina market." His sentiments were echoed by Jerome Pécresse, Chief Executive of Rio Tinto Aluminium, who underscored the value of this long-term alliance in bolstering the supply of alumina for their operations in the Atlantic region, thereby supporting the production of high-quality, low-carbon aluminum.

This collaboration not only signifies METLEN's strategic vision to reinforce its position in the global alumina sector but also showcases its commitment to sustainable growth. The contracts are poised to ensure a consistent supply of essential materials while facilitating METLEN's operational expansions. As industries worldwide increasingly emphasize sustainability and carbon neutrality, partnerships such as this will be vital in achieving these objectives.

With a presence in 40 countries and a consolidated turnover of €5.492 billion, METLEN Energy & Metals is recognized for its pioneering approach in the metallurgical sector, focusing heavily on sustainability and circular economy strategies. The company operates the only vertically integrated bauxite, alumina, and primary aluminum production unit within the European Union, equipped with privately owned port facilities for efficient logistics and distribution.

In an environment where the demand for low-carbon products is on the rise, partnerships like the one formed between METLEN and Rio Tinto are critical in providing sustainable solutions that benefit the industry and the environment alike. The agreements are not just contractual obligations; they represent METLEN's vision for a greener future in metallurgy—one where strategic alliances flourish, enhancing both operational efficiencies and market competitiveness.

For more information about METLEN Energy & Metals and their innovative solutions, visit their website at www.metlengroup.com.