Saturday 23 August 2014
 
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Saudi Maaden

Schneider Electric wins Saudi Maaden deal

Schneider Electric, a global specialist in energy management, has won a deal from Saudi mining company Maaden to supply low voltage switchgear for its phosphate project, said a report. As per the agreement, Schneider Electric will

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Ma'aden slumps to Q4 net loss on lower gold sales

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, slumped to a fourth-quarter net loss as the firm was hit by lower prices for its petrochemical products and gold and lower sales of the precious metal. The

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Ma’aden inks Asia aluminium supply deal

Saudi Mining Company (Ma’aden) said it has sealed key contracts to supply over 300,000 metric tons of aluminum to its Asian customers through 2014, complementing the 50,000 tonnes in supply agreements made with local and Turkey customers.

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Saudi Maaden Q3 income soars on high prices

Saudi Arabian Mining Company (Maaden) reported a forecast-beating third-quarter profit on Wednesday, helped mainly by higher prices of its core products and the start up of big new production lines. The state-controlled minerals f

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ABB wins $24m Saudi Maaden contract

Leading power and automation technology group ABB has won a $24 million contract from Saudi-based Ma’aden Aluminium Company (MAC) to execute a fast-track transmission substation project in the northeast of the Kingdom. The Saudi A

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Maaden plans $6.9bn phosphate complex

Saudi Arabian Mining Company (Maaden) plans to invest SR26 billion ($6.9 billion) for setting up a massive phosphate industry complex in the northern part of the Kingdom, said a report. The company has already earmarked SR21 billion f

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Saudi Maaden to double gold production

State-controlled minerals firm Saudi Arabian Mining Company (Maaden) plans to more than double its gold production to 400,000 ounces per year by 2015, an executive told Reuters on Tuesday. Maaden's current gold production is around 140,000

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Saudi Maaden swings to Q2 profit

State owned Saudi Arabian Mining Company (Maaden) swung to a second quarter profit but the results fell short of analysts expectations. The company reported a net profit of 31.24 million riyals ($8.33 million) for the second quarter compar

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Maaden approves $4.5bn funding for Alcoa JV

State-controlled Saudi Arabian Mining Company (Maaden) said its board had agreed on a $4.5 billion financing plan for the first phase of a joint aluminium plant with U.S. firm Alcoa. The financing will be provided by a group of local and f

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Maaden retenders $1bn refinery contract

Saudi Arabian Mining Co (Maaden) has retendered a $1 billion construction contract for its 1.6 million tonnes per year (tpy) alumina refinery, said a report. Maaden originally awarded the engineering, procurement, construction and manageme

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