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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Sustainability, or the urge to shift towards a greener environment, has become the need of the hour. Top companies and individuals, including the aluminium sector, are leaving no stone unturned to shift towards a greener industry. Aluminium as a metal generates around 1.1 billion tonnes of carbon...
The renewable energy solutions provider, Hydro Rein and Macquarie Asset Management’s Green Investment Group (GIG), a specialist green investor, agreed to form a joint venture named Feijão, which will operate after constructing a combined wind and solar power project, with a 586-megawatt capacity,...
The Saudi Arabia state-owned mining company headquartered in Riyadh, Ma'aden has signed a Memorandum of Understanding (MoU) with GlassPoint, the leading manufacturer of industrial solar steam generators using solar thermal technology to generate steam for industrial processes. The signed agreement...
One of the fastest-growing mining companies in the world, the Saudi Arabian Mining Company (Ma’aden) has booked a net profit of SR2.9 billion ($772.2 million) for Q1 2022, reflecting a growth of 246% in comparison to the same phase previous, a benchmark of its own created. An announcement of its...
The primary aluminium sector has witnessed a mixed yet significant response this week both in terms of prices and other activities. If on one hand, Hindalco’s aluminium ingot price had escalated by INR 3,250 per tonne after 4 successive downfalls, LME aluminium benchmark price had stayed on the...
Emirates Global Aluminium (EGA), the UAE’s biggest industrial company outside oil and gas, and Ma’aden, a Saudi state-owned mining company, have reportedly agreed to extend their collaboration on greener aluminium smelting technology, in a bid to achieve more sustainable production. The news came...
On 15th September 2021, the deputy minister from Saudi Arabia’s Ministry of Industry and Mineral Resources achieved to persuade that the Kingdom’s germinating mining sector stands as a cinch for future rewards. The mining affairs minister, Khalid Al-Mudaifer, attended the MINExpo International 2021...
In 1971, the Gulf region's first Aluminum ingot was manufactured at Aluminum Bahrain, hallmarked the inception of industrial diversification that was both courageous and enterprising. Presently, the Gulf region is the hub of some of the largest, ultra-modern, and environmentally friendly aluminium...
Aluminium Stewardship Initiative has reportedly certified Ma’aden Aluminium against the Performance and Chain of Custody Standard Certification for its vertically integrated aluminium facilities. The news came after ASI announced that it successfully certified the Middle East-based company for its...
On 13th July 2021, the Saudi Arabian Mining Co, Ma'aden inked a five-year deal to procure calcined petroleum coke from a Saudi company for its Ras Al Khair aluminium smelter. Ma'aden Aluminium smelter in Ras Al Khair will procure 100,000 tonnes a year of the calcined petroleum coke, which will be...
The Saudi Arabian Mining Company (Ma’aden) alumina refinery production is fed into Ma'aden’s Smelter. The Smelter’s annual production capacity is 780,000 tonnes per year of primary aluminium. The technology used in Ma’aden’s Smelter is AP Technology. The alumina refinery feedstock comes from large...
The GCC countries have drawn all the attention of the global aluminium industry with record production of aluminium in 2020. The output surpassed the 6 million tonnes milestone for the first time ever, in a year that witnessed historic odds and challenges due to the unprecedented COVID-19 outbreak....
Aluminium Stewardship Initiative (ASI) announced Ma’aden Aluminium has become a new Production & Transformation member of the ASI. This brings the total number of members working toward a responsible aluminium value chain to 114. Ma’aden is a supplier of primary and rolled product solutions to...
The five primary aluminium producers in the GCC region produced a total of 5,771,854 tonnes of primary aluminium in 2019, according to Gulf Aluminium Council. That was up 6.72% or 363,600 tonnes year-on-year. The high-quality aluminium was shipped to the local as well as the international market....
The Gulf Cooperation Council (GCC) countries have emerged as a major hub for primary aluminium production. The aluminium industry, which began only four decades ago with Aluminium Bahrain (Alba), is now one of the key economic drivers for the Gulf region, the fastest growing aluminium producer and...
Maaden Aluminium Co. (MAC), an affiliate of Saudi Arabian Mining Company (Maaden), has announced the signing of an agreement with Radian Oil and Gas Services Co. to provide environmental solutions, process aluminium by-products from aluminium smelting, and extract raw aluminium for manufacturing...
Ma’aden Aluminium has announced the decision to digitalize their Automotive Sheet plant by implementing software solution Manufacturing Execution System (MES) by 8Sigma. 8Sigma has developed its own solution 8Sigma MES and has proved their expertise by working on some of the key projects in the...
Alcoa Corporation announced the signing of amended joint venture agreement with the Saudi Arabian Mining Company (Ma’aden). Alcoa will transfer its 25.1 percent interest in the Ma’aden Rolling Company to Ma’aden. The agreement is expected to close by month end. The joint venture, created in 2009,...
