Alcoa Starts Construction of Refinery at Saudi Venture

Ceremonies were held today to mark the official groundbreaking at the refinery and the pouring of the first concrete at the aluminum rolling mill, Alcoa said in a statement.
The $10.8 billion project at Ras Al Khair on the country's east coast is a joint venture with the Saudi Arabian Mining Co., known as Ma'aden. The complex will mine bauxite and refine the ore into alumina, which will be processed at a 740,000 metric- ton-a-year smelter.
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