Saudi Arabian Mining Company (Maaden) said it has awarded a contract to build the first alumina refinery in the Middle East which will help the Kingdom become a major upstream player in the global aluminium industry.
The refinery form
India on Tuesday rejected a plan by UK-based mining group Vedanta Resources to mine bauxite in an eastern state over environmental concerns, a blow to the firm already facing hurdles to a planned $9.6 billion energy deal in the country.
Saudi Arabian Mining Co (Maaden) has received four bids for a $1 billion contract to build an alumina refinery it has recently retendered, industry sources said on Wednesday.
Maaden retendered after increasing the planned size of the plant
Dubai Aluminium Company Limited (Dubal) has entered into an agreement with Vale to develop a greenfield alumina refinery in Brazil’s northern State of Pará.
The deal aims at securing the raw materials required to fuel Dubal’s future growth