ABU DHABI Oct 14 Aluminium Bahrain
, the world's fourth-largest aluminum smelter, said
production and sales were steady in the third quarter and it
expects full-year output to exceed the 2011 level.
Production was 219,681 tonnes compared with 222,553 tonnes in
the same period a year ago. Sales were 218,507 tonnes compared
with 220,608 tonnes, Alba said on Sunday.
"For the year, Alba is projecting to exceed the record
production it has achieved in 2011," chief executive Tim Murray
said in a statement.
The company's production increased by 4,405 tonnes in the
first nine months of the year to 663,214 tonnes compared with
the same period of 2011, while sales stood at 664,552 tonnes.
Last week Alcoa Inc said it would pay Alba $85
million in cash and enter long-term raw material supply
contracts to settle the Bahraini firm's racketeering and fraud
lawsuit against it.
Alba is 69 percent owned by Bahraini sovereign wealth fund
Mumtalakat. Saudi Arabia holds 20 percent.
(Reporting By Maha El Dahan; Editing by Erica Billingham)