Saturday 18 April 2015
 
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Mining

Saudi's Ma'aden registers solid Q1 net profit

Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, reported on Thursday its first-quarter net profit more than doubled year on year, but the earnings still fell short of analysts' forecasts. The company's

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Mining, utilities sink US industrial production

US industrial output posted its biggest drop in more than 2-1/2 years in March in part as oil and gas well drilling plummeted, highlighting the negative impact of lower crude prices and a strong dollar on the economy. The dour rep

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Egypt awards contract to study major mining project

Italian consultancy D'Appolonia has won a bid to prepare a study on the viability of plans to create new industrial and mining projects in a 6,000-sq-km area extending from the Red Sea cities of Safaga and Al-Qusayr to Eastern Qena in Egypt,

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Iran eyes $2bn investment in seven steel projects

Iran has allotted an investment of over €2 billion ($2.263 billion) on seven new steel projects, said Mohammad Reza Nematzadeh, industries, mines and trade minister of Iran. Speaking at the the inaugural ceremony of the secon

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Egypt set to pass mining, industrial land laws

Egypt will pass laws next week related to mining and the allocation of industrial land as it pursues reforms to attract foreign investors deterred by political turmoil, the investment minister said on Tuesday. But Asharf Salman ga

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Ma'aden spearheading Saudi mining sector growth

The Saudi Arabian Mining Company (Ma'aden) investments have now exceeded SR85 billion ($22.6 billion) making the kingdom a major player in the phosphate and aluminium industry, according to experts. Ma'aden, they stated, w

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Saudi Maaden pumps $20bn into industrial projects

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, has invested more than SR85 billion ($20 billion) in three major phosphate and aluminium projects in the kingdom. The company has till date pumped more than

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Saudi Maaden pumps $20bn into industrial projects

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, has invested more than SR85 billion ($20 billion) in three major phosphate and aluminium projects in the kingdom. The company has till date pumped more than

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IranConMin to become annual event

IranConMin, a leading international construction and mining exhibition held in Iran biennially, will now take place every year in response to an increasing interest in the event. This year, more than 250 exhibitors from 11 countri

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Lockheed plans cargo airship to transport oil equipment

Lockheed Martin Corp expects to reach an agreement next year with a launch customer for a giant new hybrid airship that would revolutionise the way oil and mining companies haul equipment to the Arctic and other remote areas without roads.

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