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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The Saudi Arabian Mining Company (Maaden), which owns the largest and most efficient vertically integrated aluminum complex in the world, will host the International Arab Aluminium Conference (ARABAL) in Dhahran on Nov. 15. This high-profile conference will discuss the current and the future...
The Saudi Arabian Mining Company, Ma'aden, which owns the largest and most efficient vertically integrated aluminium complex in the world, is hosting the 19th International Arab Aluminium Conference, ARABAL in November 2015. Featuring international participation, the conference is scheduled to take...
Several international transport companies specialized in automobiles, aircraft and rail cars are planning to establish new assembly plants in Ras Al-Khair Industrial City. The development comes in the wake of the success achieved by the Saudi Arabian Mining Company (Maaden) in increasing its...
Saudi Arabian Mining Co (Ma'aden) posted a 27 percent fall in second-quarter net profit on Tuesday, missing analysts' forecasts as higher sales by the Gulf's largest miner could not make up for lower prices for its products. Net profit for the three months to June 30 was 270 million riyals ($72...
The Tadawul, popularly known as the Saudi Stock Exchange opens doors to direct foreign investment in Saudi Arabia. Foreign investors who have more than £5bn reported assets supported by a five year track record can now invest directly, investment limited to overall 10 per cent of the Tadawul’s...
The giant JV aluminium smelter between Alcoa and Saudi Arabian Mining Co (Ma’aden) which reported a few technical glitches in the beginning is ready to produce above its initial capacity target this year, said representatives from Ma’aden. Although the project has officially started operations last...
Collectively the five aluminium companies (EGA, Alba, Ma’aden, Qatalum and Sohar Aluminium) produced 4,928,143 tons of primary aluminium in 2014 compared to 3,748,616 tons in 2013, an increase of 31%. GCC Aluminium production constitutes 10% of the total world production. The main increase has come...
Collectively the five Aluminium companies (EGA, Alba, Ma’aden, Qatalum and Sohar Aluminium) produced 4,928,143 tons of primary Aluminium in 2014 compared to 3,748,616 tons in 2013, an increase of 31%. GCC Aluminium production constitutes 10% of the total world production. Mr. Mahmood Daylami,...
The Saudi Arabian Mining Company (Ma’aden) and lightweight metals leader Alcoa today announced that the alumina refinery at their joint venture aluminum complex in Saudi Arabia has successfully produced its first alumina from Saudi Arabian bauxite. The alumina refinery at Ras Al Khair is the first...
Saudi Arabia may have been late to build an aluminium industry compared with the other countries in the GCC, but it is now putting the finishing touches on an integrated production chain that surpasses anything else in the region. A $10.8bn aluminium complex is nearing completion at Ras al-Khair on...
The Saudi Arabian Mining Company (Maaden) is playing a key role by developing the mining sector as the third pillar of Saudi industry beyond oil and petrochemicals. Through its investments Maaden is turning the Kingdom into a major player in global markets for phosphate, aluminum, gold, copper and...
The Saudi Arabian Mining Company (Ma’aden) announced strong financial and operating results for the third quarter of 2014. Ma’aden sales during the quarter reached SR 3152 million, an increase of 96% over the same quarter last year, while operational profit was SR 694 million in Q3 2013, an...
AlCircle is participating as a media partner to Metal Bulletin Events’ 29th International Aluminium Conference – the premier aluminium industry gathering in Abu Dhabi. AlCircle has recently launched the Arabic version of its brochure looking at the significance of Middle East in the aluminium...
Saudi Arabian Mining Co (Ma'aden) said on Monday its joint aluminium smelter with U.S.-based Alcoa has started commercial operations. The $10.8 billion aluminium plant at Ras al-Khair, on the Gulf coast of the kingdom, had experienced issues during the initial start-up phase last year when it had...
Saudi Arabian Mining Company (Ma’aden) announced that 1st September 2014 would be the target date for the beginning of the commercial production of the Aluminum Smelter at its subsidiary Ma’aden Aluminum Company. Ma’aden Aluminum Company is a joint venture (JV) between Saudi Arabian Mining Company...
Aluminium Bahrain B.S.C. (Alba)’s Executives – Chief Executive Officer, Tim Murray, Chief Operations Officer, Isa Al Ansari and Chief Financial Officer, Ali Al Baqali recently concluded a successful visit to Ma’aden Aluminium, Saudi Arabia. Alba’s Executives met with Abdulaziz A. Al Harbi,...
Aluminum may be a metal in an oversupply situation, but if noncompetitive capacity is what is eliminated then smelters in the Middle East may be in better shape than those in many other parts of the world. Speaking to attendees of the 2014 Middle East Metals Recycling Conference, Richard...
Ma'aden Bauxite and Alumina Co., the subsidiary of Saudi Arabian Mining Co. (Ma'aden) has signed a financing agreement with Saudi Industrial Development Fund (SIDF) for its aluminum project’s second phase. The company will repay the loan of SAR 900 million ($240 million) in 15 semi-annual unequal...
