Saudi Arabian Mining Co (Ma'aden) has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement on Tuesday.
Compagnie Minière de Touissit (CMT), the second largest mining company in Morocco, has the potential to significantly expand its mine life through the future conversion of 6mt of inferred resources and 5mt of measured and indicated resour
Saudi Arabian Mining Company (Ma'aden) aims to close fundraising for its $7 billion phosphate project before the end of the year, and talks with lenders are progressing well, its chief executive said.
The cash will be used to
East Africa-focused heavy equipment supply and services specialist Quest Qualitas is leading two conference sessions at the 2013 Mena Mining Show, starting today (October 28).
The company will highlight the latest opportunities in
Bechtel, one of the world’s leading engineering, procurement and construction companies, has announced plans to set up its regional office in the UAE.
The move is aimed at helping the company focus on its
Shareholders in commodities trader Glencore have overwhelmingly approved its long-awaited $31 billion takeover of miner Xstrata, paving the way for one of the largest tie-ups in the sector to date.
After nine months of tense negot
GlassRock Insulation Company, a portfolio company of Citadel Capital’s regional mining platform Ascom, said it has successfully completed the commissioning phase of its new production line for glasswool, an insulating material made from fi
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
Saudi Arabian Mining (Maaden) said on Monday it had completed a preliminary feasibility study and plans a project to exploit phosphate deposits at Umm Wual in the north of the country.
The state-controlled minerals firm is awaiting licens