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 has offered many investment opportunities in aluminum manufacturing industries and issued a booklet that includes a list of available investment opportunities. The booklet will be distributed to investors by chambers of commerce, the Royal Commission for Jubail and...
Ma'aden Company's President and CEO Khalid S Al-Mudaifer recently attended Ma'aden Health and Safety Recognition Award ceremony, which was held in Jubail InterContinental Hotel on February 13, 2013. The award winners were announced according to certain H&S criteria based on each affiliate...
The Gulf aluminium industry is poised to become a primary production powerhouse of the metal following a $55 billion investment in new smelters and existing projects to boost the output capacity. According to major industry players, the UAE remains on front with $22 billion investment in its...
The GCC’s aluminium production is expected to reach five million tonness by 2014 in order to cater for the increasing global demand. Demand globally is estimated to increase and reach 70 million metric tonnes per year by 2020 and GCC countries are expected to boost aluminium production capacity by...
The current GCC operating smelters Alba (Bahrain), Dubal (Dubai), Emal (Abu Dhabi), Qatalum (Qatar) & Sohar (Oman) have collectively produced 3,739,290 tonnes of primary aluminium in 2012, which constitute 9% of total world production compared to 3,488,357 in 2011. The GCC which also has thriving...
Saudi Arabian Mining Co., (MAADEN) that’s building an alumina refinery in a joint venture with Alcoa Inc., obtained $2.4 billion in loans to finance projects, raising more money than initially sought. The company, known as Maaden, raised 9 billion riyals from five-year Islamic loan after seeking 7...
The joint venture smelter project in Ras Al-Khair will help establish the Kingdom as the regional leader in the global aluminum industry, says Alcoa Chairman and CEO Klaus Kleinfeld. His remarks came as the Saudi Arabian Mining Company ( Maaden ) and Alcoa celebrated the achievement of the First...
Through a joint venture between the Saudi Arabian Mining Company (Ma'aden) and Alcoa, Saudi Arabia on Thursday began aluminum production at its first smelter. "Today we see the first aluminum produced in Saudi Arabia, and the launch of a new industry," Ma'aden President and CEO Khalid al-Mudaifer...
Alcoa and The Saudi Arabian Mining Company (Ma'aden) today broke ground for construction of expanded rolling mill capabilities at their combined aluminum complex in Ras Al Khair, Saudi Arabia. The expanded capabilities will enable the facility to supply aluminum automotive, building and...
Saudi Arabian Mining Co (Maaden) has announced the kingdom's first aluminium smelter is to reach full production later than planned, due to long delays to a power plant it needs to run flat out, Reuters has reported. Maaden said operations at the $10.8bn aluminium smelter it shares with US-based...
Saudi Saline Water Conversion Corp (SWCC) expects the start up of a new power plant at Ras Al Khair to be delayed until late 2013, the head of the utility said, which may affect production at a new aluminium smelter relying on it. Saudi Arabian Mining Company (Maaden) expects to begin production at...
Saudi Arabia Mining Company Maaden has announced that it is to begin production at the aluuminium smelter which will form the first phase of a $10.8bn integrated aluminium production process next month. Maaden Aluminium Company - a venture which is 74.9% owned by Maaden and 25.1% by aluminium giat...
Ma'aden is participating this week in the 16th Arab International Aluminum Conference (ARABAL) which takes place during November 20 - 22 in Doha, Qatar. Ma'aden is a sponsor of the event which is the premier trade event for the Middle East's Aluminum industry and the only conference in the world...
Saudi Arabian Mining Company (Maaden) will start initial production at its 740,000 tonnes per year aluminium smelter next month. Maaden and Alcoa teamed up in 2009 to build a $10.8 billion aluminum complex at Ras al-Khair on the Gulf coast, which is fast becoming a Saudi mining centre. The smelter...
The first shipment of alumina is now making its way towards the Maaden/Alcoa smelter being built at Ras al-Khair in Saudi Arabia’s Eastern Province and its significance should not go unnoticed. The smelter is part of the $10.8bn aluminium complex being built in the new industrial city and if...
State-owned Dubai Aluminium (Dubal) provided comprehensive operator training to 65 new recruits of Maaden Aluminium Company, a partnership between Saudi Arabia Mining Company and Alcoa Inc, one of the world's largest aluminium companies. The recruits – all Saudis – were trained in batches at...
Saudi Arabian Mining Co (Maaden) said on Tuesday it had signed financing agreements worth $320 million with a Saudi government fund to develop the first phase of an aluminium projects in the kingdom with Alcoa . Saudi Industrial Development Fund, a government institution, has agreed to lend Maaden...
Tata group Chairman Ratan Tata has said JLR is examining the possibility of setting up an assembly plant in Saudi Arabia to benefit from the upcoming multi-billion integrated aluminium complex in the country, according to a media report. With JLR going for more aluminium content in its products,...
