Primary Aluminium News - Project

Ma’aden signs aluminium capacity expansion MOU with Alcoa at the Saudi-U.S. CEO Forum

AL Circle

Saudi Arabian Mining Company Ma’aden signed two landmark Memorandums of Understanding (MOUs) with its U.S.-based partners Alcoa and Mosaic at the ongoing inaugural Saudi-U.S. CEO Forum that was launched in Riyadh on Saturday, May 20. The Memorandums are expected to provide fresh impetus to the Kingdom's mining sector which is identified to be a playing a crucial role in the economic diversification of the nation as outlined in Saudi Vision 2030.

News

{alcircleadd}

The first MOU outlines the scope of feasibility assessment of a potential expansion of aluminium production complex in Ras Al-Khair Industrial City, by Ma'aden and Alcoa, the joint developers of the project.

Since inception in 2009, the Ma’aden-Alcoa aluminium smelting joint venture complex has made a significant contribution amounting to US$4 billion to the Kingdom of Saudi Arabia’s GDP. On completion of expansion, primary aluminium capacity of the venture is expected to be raised by 600,000 metric tonnes per year. It would also result in over 3,000 high quality jobs creation in the Kingdom.

{googleAdsense}

The other two MOU also pertain Ma'aden's mining and fertilizer businesses. The projects are subject to the definitive studies and obtaining necessary approvals and consents of the Board.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals

Alternate Text
CETAG

A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.

Related
Business Leads
Interested to buy aluminium ingot A7. Price : CIF China Tr...
22-Mar-2024 Buying request

Interested to buy aluminium ingot. Purity : 97% Destinatio...
21-Mar-2024 Buying request

We are looking for a company that can supply aluminium ingot...
21-Mar-2024 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads