On Wednesday, November 19, the US miner MP Materials experienced a sharp rise of 8.61 per cent in its stock movement to US$63.55 following a new rare earth refinery deal signed with the US Department of Defence and the Saudi Arabian Mining Company, Maaden. The signing of the deal stemmed from the...
Maaden Bauxite and Alumina Company (MBAC), a subsidiary of Maaden, one of the world's fastest-growing mining companies, has entered into a Power Purchase Agreement (PPA) with Emerge. Emerge is a joint venture between Masdar, a global leader in clean energy, and EDF Power Solutions, renowned for...
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Saudi Arabian Mining Co. (Ma’aden)’s gold production is expected to rise 30 percent by 2014 because of the output of two new mines, even as it is set to diversify into aluminum business slated in 2014 with an initial investment of SR40 billion, said Al Rajhi Capital in its report on Ma’aden...
The Gulf Aluminum Council (GAC) indicated that the overall production capacity of aluminum smelters in the Gulf Cooperation Council (GCC) could come close to 5 million tons a year by 2013 after the construction of Saudi Arabia’s Ma’aden Smelter. Quoting a report conducted by Qatar Aluminum Company,...
The Arab International Aluminium Conference (Arabal 2012), which be held in Doha 20th - 22nd November 2012, has received sponsorship from Saudi Arabian Mining Company (Maaden), Aluminium Bahrain (Alba), and Sohar Aluminium Company in addition to a number of regional and international aluminium...
Engineering and construction company Fluor Corporation has won contracts worth more than $1 billion for an aluminum plant in Saudi Arabia and a highway project in the US, the company said on Wednesday. The company was awarded a contract from Ma'aden and Alcoa to provide engineering, procurement and...
ABB, the power and automation technology group, has won orders worth around $24m from Ma'aden Aluminium Company (MAC) to execute a fast-track transmission substation project in the Northeast of the country. The orders were booked in the second quarter. ABB will design, engineer and supply a new 380...
Perth based bauxite explorer and developer Bauxite Resources Ltd is pleased to confirm the appointment of bauxite mining, alumina refining and aluminium smelting industry leader Mr Bill Moss who will take up the role of General Manager with Bauxite Alumina Joint Venture on 2 October 2012. Mr. Moss...
For the second year in a row, Bank AlJazira (BAJ) is further scaling newer heights of achievement as evidenced by the recent recognition in one of the most high-profile project finance industry honors — the Euromoney project finance — Deals of the Year 2011. BAJ has been recognized for its coveted...
Bechtel and the Ma'aden Aluminium Company have celebrated a major safe working achievement at the Ras Al Khair Aluminium Smelter project in Saudi Arabia: 25 million job hours without a lost work day injury. Ras Al Khair will be the world's largest aluminium smelter when completed in 2013. The Ras...
The Ma'aden Alcoa aluminium joint venture announced today that it has signed a contract worth SR5.6bn with Hyundai Engineering & Construction Co Ltd to construct its alumina refinery at Ras Al Khair in Saudi Arabia's Eastern Province. The contract includes: • completing detailed engineering, •...
The Saudi Arabian Ma'aden Aluminium Company has awarded Bechtel the prefeasibility study contract for its proposed copper and zinc smelter projects on the Saudi Arabian Gulf Coast. The multibillion-dollar projects are set to include the construction of two world-class smelters with an output of...
Saudi Arabia's project market is buoyant with a string of petrochemicals and minerals projects being rolled out. The authorities are keen to vertically integrate their petrochemicals industry with a view to producing materials for a nascent domestic automotive industry (among other sectors)....
Habtoor Leighton Group in joint venture with Dragados Gulf Construction Company / Intecsa Industrial (ACS Group), has been awarded a USD 169 million contract in Saudi Arabia for the construction of mine-related infrastructure for the Ma’aden Alcoa Aluminium joint venture’s bauxite mine. The project...
Saudi Arabian Mining Co (Maaden) is seeking a 7 billion riyal ($1.86 billion) loan from local banks, a Saudi banker told Reuters on Wednesday. Maaden said in March that it plans to add a new production line, with a capacity of 100,000 tonnes per year, at its aluminium joint venture with U.S. firm...
The phase 2 financing of the Maaden-Alcoa joint aluminum project in Saudi Arabia has been awarded the Middle East Mining & Metals Deal of the Year 2011. Project Finance magazine, the flagship international infrastructure finance title of Euromoney Publications, also named Maaden as the Middle East...
Ma'aden is a Saudi mining company that is 50% owned by the Saudi government. It was originally formed to facilitate and develop minerals in Saudi Arabia. Back in 2009 Alcoa (AA) and Ma'aden signed an agreement to build a $10 billion aluminum complex. This joint venture was situated to have the...
Two contracts have been awarded for the expansion of the Alcoa and Ma'aden aluminum complex under construction at Ras Al Khair, Saudi Arabia. Texas-based Fluor won the engineering, procurement and construction contract. Germany's SMS Siemag will supply the mill and heat treatment line equipment....
Alcoa Inc. (NYSE:AA - News) and Ma’aden announced the commencement of work of product mix for their new aluminium complex, which is currently under construction at Ras Al Khair in Saudi Arabia. The new line will offer automotive heat-treated and non-heat-treated sheet, building and construction...
Muscat: Gulf Cooperation Council (GCC) aluminium growth story is just getting unfolded as significant developments and achievements marked the industry in the Gulf in 2011. During the year, Abu Dhabi-based Emirates Aluminium (Emal) announced Phase II expansion while Saudi Arabian Mining Company...
