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Saudi Maaden Q3 income soars on high pricesSaudi 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 More… |
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ABB wins $24m Saudi Maaden contractLeading 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 More… |
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Maaden plans $6.9bn phosphate complexSaudi 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 More… |
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Saudi Maaden to double gold productionState-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 More… |
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Saudi Maaden swings to Q2 profitState 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 More… |
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Maaden approves $4.5bn funding for Alcoa JVState-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 More… |
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Maaden retenders $1bn refinery contractSaudi 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 More… |
