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Maaden secures $1b in oversubscribed financing as Saudi mining push accelerates

Saudi Arabian Mining Co. (Maaden) has secured USD 1 billion in inaugural international syndicated credit facilities, with strong demand from global lenders highlighting confidence in the company's expansion strategy and Saudi Arabia's broader mining ambitions. Maaden has secured USD 1 billion in international credit facilities as the Saudi mining giant looks to expand its operations and capture opportunities created by the Kingdom's rapidly developing mining sector. The financing was signifi ...

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Aluminium prices ease after EGA targets full recovery of Al Taweelah smelter by Q1 2027

Aluminium prices fell after Emirates Global Aluminium (EGA) reaffirmed its timeline to restore full production at the Al Taweelah smelter by the first quarter of 2027, easing market concerns over supply from the Gulf. The AL Taweelah smelter is currently operating at 18 per cent capacity. It was damaged on March 28, when strikes on the Khalifa Economic Zone in Abu Dhabi forced an emergency shutdown. The update eased concerns over aluminium supply. Benchmark three-month aluminium on the Lond ...

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Saudi beverage demand drives interest in Packfine's aluminium slim cans

Packfine (Yantai Zhuyuan Environmental Tech Co., Ltd.)'s aluminium slim cans are aimed at Saudi Arabia's growing demand for innovative beverage packaging, particularly for juice and other non-alcoholic drinks. The company supplies 180ml and 250ml slim cans designed to meet both the design and performance needs of beverage producers in the Middle Eastern market. The packaging format is also being considered as brands look for lighter, more distinctive containers for an increasingly competitive ...

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Middle East And Africa