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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Aluminium Bahrain B.S.C. (Alba), the world’s largest smelter on one site, announces that Saudi Arabian Mining Company (Ma’aden) as its new strategic shareholder following the acquisition of SABIC’s 20.62% stake in Alba. The c.US$1 billion transaction marks a transformative moment for Alba and...
The Middle East has long been a powerhouse in the global aluminium industry, with its strategic location, abundant energy resources, and advanced technological infrastructure. As the world shifts towards sustainable production and decarbonisation, the region is embracing a new era of low-carbon...
Here's an update about the share purchase and subscription agreement signed between Alcoa and Ma'aden on September 15, 2024. On February 4, 2025, the General Authority of Competition (GAC) approved Ma'aden to acquire Alcoa's 25.1 per cent ownership in Ma'aden Aluminium Company (MAC) and Ma'aden...
On Monday, January 13, Aluminium Bahrain B.S.C. (Alba) updated that its strategic merger discussion with Saudi Arabian Mining Company (Ma'aden) is no longer in action after being decided mutually. Ma'aden also said the same in its filing to Tadawul, adding that it would keep looking for growth...
This week has seen significant developments in the upstream sector of the aluminium industry, which includes bauxite, alumina, and primary aluminium. To begin with, the proposed merger between Aluminium Bahrain (Alba) and subsidiaries of Saudi Arabia’s Ma’aden has had its deadline extended to the...
The deadline for the proposed merger between Aluminium Bahrain (Alba) and subsidiaries of Saudi Arabia’s Ma’aden has been extended to the second quarter of 2025. Originally anticipated to be finalised in Q1 2025, the extension was disclosed in a statement to the Bahrain Bourse on 22 December 2024....
GlassPoint, the leader in decarbonising industrial process heat, on November 26, 2024, unveiled the next phase of development for the GlassPoint Ma’aden Technology Showcase (GMTS) in partnership with the Ministry of Investment of Saudi Arabia (MISA). In addition, GlassPoint has partnered with Cox...
Aluminium Bahrain B.S.C. (Alba) has taken significant steps toward exploring a potential merger with the Saudi Arabian Mining Company (Maaden), appointing several top-tier advisors to guide the due diligence process. In a disclosure to the Bahrain Bourse, Alba confirmed the appointment of Moelis &...
Aluminium is an essential component of the global economy, and its growing demand underscores its lasting importance. Despite occasional challenges or disruptions, the market for sustainable aluminium will continue to grow, reflecting the unrelenting need for this eco-friendly material. To begin...
Saudi Arabia has reiterated its strong interest in enhancing its presence in the metals and mining sector, aiming to turn it into a third pillar of the kingdom’s economy. A key part of this strategy includes acquiring control over Bahrain’s aluminium smelter and accumulating assets in global...
Ma'aden, Saudi Arabia's premier mining company, has reached an agreement to acquire SABIC's 20.62 per cent stake in Aluminium Bahrain (ALBA). This acquisition reflects Ma'aden's ongoing commitment to regional expansion and aligns with its ambitious goal to achieve a tenfold growth by 2040. The...
Aluminium Bahrain B.S.C. (Alba) has taken a major step towards reshaping the global aluminium landscape. In its meeting on September 16, 2024, the company’s Board of Directors approved entering into a non-binding agreement with Saudi Arabian Mining Company (Maaden) to begin due diligence on a...
On September 15, 2024, Alcoa Corporation announced that it had entered into a binding share purchase and subscription agreement with Saudi Arabian Mining Company (Ma’aden). Under this agreement, Alcoa will sell its entire 25.1 per cent ownership stake in their joint venture to Ma’aden for...
Ma'aden Aluminium, Saudi Arabia's premier mining company, was successfully re-certified with the ASI Chain of Custody Standard V2 for its bauxite mining at the Al-Baitha Mine and its operations at Ras al-Khair industrial city, which encompasses alumina refining, smelting, and the production of...
Aluminium is an essential component of the global economy. The rising demand for green metal clearly shows that no matter how many setbacks or blips come across, the market or the need for this green metal will never decrease. The upstream aluminium sector, encompassing bauxite, alumina, and...
Ma'aden, Saudi Arabia's premier mining company, has announced a remarkable 160 per cent increase in profitability, achieving a net profit of SR2 billion ($532 million) for H1 2024 compared to the same period in 2023. The significant growth, highlighted in a statement on the Saudi stock exchange...
Maaden, a Saudi state-owned mining company, has announced its Q4 2024 financial results, whereby it says its new aluminium recycling plant at Ras Al-Khair is undergoing a pre-feasibility stage. The company says its bankable feasibility stage is expected in the third quarter of 2024. The plant will...
On April 25, 2024, the Regional Voluntary Carbon Market Company (RVCMC) publicised that it had selected Xpansiv, the leading provider of market infrastructure for the global energy transition, to provide technological support for the forthcoming Saudi Arabian carbon credit exchange. This decision...
