Aluminium Bahrain to reach cash cost cutting target in Jan - CEO

State-backed company had started the two-year project to reduce its cash costs in 2013
Aluminium Bahrain to reach cash cost cutting target in Jan - CEO
By Reuters
Mon 16 Nov 2015 08:35 AM

Aluminium Bahrain, owner of one of the world's largest smelters of the lightweight metal, said on Sunday it was on track to reduce its cash costs by $150 a tonne by January and is looking to cut costs further.

The state-backed company had started the two-year project to reduce its cash costs in 2013, the company's chief executive Tim Murray told an industry conference.

"We are ahead of the curve in terms of cost-cutting," he said. "We will reach target by January 2016 but we need a lot more."

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