04 JULY 2011http://www.ameinfo.com/
Ma'aden's $1b bauxite refinery gets financing pledge
Edited by : AL CIRCLE
1 min read
The Saudi Arabian Mining Co (Ma'aden) has received commitment letters to cover the required $1bn commercial bank financing for the development of Ma'aden Bauxite and Alumina Co's bauxite mine and alumina refinery, Saudi Gazette has reported.
The period of the loans is 16 years and will be paid in 21 half yearly installments starting from June 30, 2017, Ma'aden said. The bauxite mine and alumina refinery development, with an approximate cost of $3.6bn, comprises the second phase of Ma'aden Alcoa joint venture aluminium project
The period of the loans is 16 years and will be paid in 21 half yearly installments starting from June 30, 2017, Ma'aden said. The bauxite mine and alumina refinery development, with an approximate cost of $3.6bn, comprises the second phase of Ma'aden Alcoa joint venture aluminium project
Previous article
International tender for Aurukun bauxite
Next articleChalco no longer preferred tenderer as Queensland Government to call open tender for Aurukun bauxite development
Grow with
AL Circle
