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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Boeing inked a Memorandum of Understanding (MoU) with the National Industrial Development and Logistics Program (NIDLP), Saudi Arabian Industrial Investments Company (DUSSUR), and Saudi Arabian Mining Company (Ma’aden). The partnership will support the development of the aerospace industry of Saudi...
According to a statement made by Saudi Arabia’s Energy Minister Khalid al-Falih on Monday during a mining conference in Cairo, the kingdom aims to raise its mining revenues to US$64 billion by 2030 from current US$17 billion.The kingdom has vast untapped reserves of bauxite, phosphate, gold, copper...
Saudi Arabian aluminium industry is growing immensely in last few years after the country decided to venture into a parallel non-oil economy. A joint venture between the Saudi Arabian Mining Company (Ma’aden) and Alcoa Ma’aden Aluminium (MA), Ma’aden Aluminium is a significant contributor to the...
Saudi Arabian Mining Company (Ma’aden) reported that its subsidiary Maaden Bauxite and Alumina Company (MBAC) has signed an agreement with the Public Investment Fund (PIF) to amend the terms of its existing loan of SR3.75 billion ($1 billion) which has been reduced to SR3.506 billion ($935 million)...
The Saudi Arabian Mining Company (Ma’aden) published its consolidated financial and operating results for the year ending December 31, 2017. The company reported a strong profit growth driven by increased production and sales, improved commodity prices and tight cost control. Ma’aden produced 916k...
Emirates Global Aluminium has sent 13 female UAE National engineers to Ma’aden’s alumina refinery in Saudi Arabia as part of preparation work for the start-up of its Al Taweelah alumina refinery in Abu Dhabi. The new group are the first women to participate in the programme. Eleven of the women are...
Saudi Arabian Mining Co (Ma’aden), the Gulf’s largest mining company, has asked banks to submit proposals for a loan which would refinance some $2.88 billion of existing debt, sources familiar with the matter said on Wednesday. It sent a request for proposals to banks last week and the banks have...
Sohar Aluminium, the host of the upcoming ARABAL 2017 conference, will bring more than 60 international renowned experts from a broad spectrum of the global aluminium industry to Oman. Joining over 500 delegates and exhibitors, these experts will share their insights and expertise over a range of...
<p>Saudi Arabian aluminium industry is growing immensely in last few years after the country decided to venture out of the oil sector to develop a parallel non-oil economy.</p> <p>{newsStudioGallery}</p> <p>A joint venture between the Saudi Arabian Mining Company (Ma’aden) and Alcoa...
<p>Saudi Arabian Mining Company Ma’aden signed two landmark Memorandums of Understanding (MOUs) with its U.S.-based partners Alcoa and Mosaic at the ongoing inaugural Saudi-U.S. CEO Forum that was launched in Riyadh on Saturday, May 20. The Memorandums are expected to provide fresh impetus to...
<p>The Saudi Arabian Mining Company (Ma’aden) released its consolidated financial and operating results for the first quarter ended 31 March 2017. The Company reported strong profit growth driven by increased production volumes across all segments, improved commodity prices and a cost...
<p>AlCircle outlines the downstream aluminium industry developments through its weekly recap. From the past week the industry has seen many acquisitions, investments, agreements and announcement of yearly reports by some of the top players in the downstream industry. Let’s explore the top...
<p>The Saudi Arabian Mining Company (Ma’aden) and the Saudi Arabia National Automotive Manufacturing Company (SANAM) has inked an agreement for increasing aluminium usage in automotive industry in Saudi Arabia.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto;...
<p>Saudi Arabia, which is home to the GCC's only integrated aluminium complex- Ma'aden Aluminium (a joint venture between the Saudi Arabian Mining Company and Alcoa), is inching towards becoming fully self-reliant in alumina procurement for metal production within the country. Construction at...
<p>Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, has seconded 10 young UAE National engineers abroad as part of its preparations for the start-up of its AED 11 billion Al Taweelah alumina refinery next year.<br /><br />EGA’s...
<p>Collectively the five Aluminium primary producers (EGA (UAE), Alba (Bahrain), Ma’aden Aluminium (KSA), Qatalum (Qatar) and Sohar Aluminium (Oman) have produced 5,229,115 tons of primary Aluminium in 2016.<br /><br />“During 2016 GCC Aluminium smelter and downstream have been going...
After China, another region that is growing substantially in primary aluminium production is the GCC (Gulf Corporation Council) or the Gulf countries. The volume of aluminium production in the Gulf region stood at 5.2 million tonnes in 2015, accounting for around 10 per cent of total global output...
<p>Saudi Arabia’s King Salman is scheduled to inaugurate a $35 billion minerals and commodities complex called ‘Ras Al Khair’ in the Eastern Province on Tuesday November 29, according to a report by Saudi Gazette. This would be one of the most ambitious industrial city projects in...
