Saudi Arabian Mining Co (Ma'aden) blamed falling metal prices after it posted a 48 percent drop in first-quarter net profit on Monday.
Ma'aden made a profit of 125.2 million riyals ($33.4 million) in the three months to Ma
Saudi Arabia's state-owned Public Investment Fund will provide $2 billion financing for a phosphate project planned by Saudi Arabian Mining Co (Maaden), Saudi Basic Industries Corporation (Sabic) and Mosaic, said a report.
Aluminium Bahrain (Alba) said its senior officials met the top management of Ma'aden Aluminium in Saudi and held key discussions on issues of common interest related to safety, operations and training.
The Alba team led by CEO
Saudi Arabian Mining Company (Maaden) has said its subsidiary, Maaden Bauxite and Alumina Company, has signed a financing agreement with Saudi Industrial Development Fund (SIDF) for the second phase of its aluminium project.
Saudi Arabian Mining Company (Ma'aden) has restarted one of the two potlines at its new aluminium smelter in Saudi Arabia, the company said on Sunday.
The $10.8-billion aluminium plant at Ras al-Khair, a joint venture between
Saudi Arabian Mining Company (Ma'aden) has commitments from banks for financing worth up to 15.75 billion riyals ($4.2 billion) for a $7 billion phosphate project in Saudi Arabia, it said on Wednesday.
The project in the north
Saudi Arabian Mining Co (Ma'aden) expects to start producing bauxite from a new mine in the second quarter of 2014, a company executive said.
Ma'aden and US partner Alcoa are developing a mine with the capacity to produce
Saudi Arabian Mining Co (Ma'aden) said its third-quarter net profit more than trebled on the back of contract receipts from a phosphate joint venture, which helped offset declines in its gold and other fertiliser businesses.