07 AUGUST 2010AL CIRCLE
Maaden to meet lenders over $10.8bn aluminium project
Edited by : AL CIRCLE
1 min read
...Saudi Arabian Mining Co (Maaden) and Alcoa have met with lenders in Dubai to work on the documentation for the financing of its $10.8bn aluminium project, Meed has reported. The project comprises of an aluminium smelter and a rolling mill, with later phases including a bauxite mine. The smelter will be developed in Ras al-Zour, with the bauxite mine and refinery at Zubairah, in Qassim Province in the centre of Saudi Arabia. Once complete, the complex will have a refinery with capacity of 1.8 million tonnes a year (t/y), a 740,000-t/y smelter, and a 4 million-t/y bauxite mine...
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