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Maaden

Alba exports aluminium via Jeddah, as the Strait of Hormuz remains closed
Primary AL
Aluminium Bahrain (Alba) is exporting aluminium through Jeddah, as the Strait of Hormuz remains closed. CEO Ali Al Baqali said the company is sending 40–60 per cent of its exports through Saudi Arabia. The route involves land transport of about 1,400 km (870 miles) to Jeddah. He said this adds land costs, but overall transport costs have not increased significantly. The company is still meeting delivery commitments. For the global aluminium value-chain 2026 outlook, book our exclusive repor ...
MP Materials’ rare earth refinery deal with Saudi sends US miner’s shares up 8.6%
SupplementAL
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 initial binding agreement between MP and Maaden to form a joint venture back in May, wherein MP agreed to hold 49 per cent of the shares in the JV, leaving the remaining 51 per cent for Maaden. The ...

Bauxite
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 low-carbon, innovative solutions. Al Baitha Bauxite Mine moves towards sustainability Through this agreement, Emerge will spearhead the development of a solar power project designed to provide clean, ...
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