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Maaden signs $1.5bn aluminium refinery deal

Riyadh, May 27, 2012

Saudi Arabian Mining Company (Maaden) has signed a $1.5 billion contract with Hyundai Engineering & Construction Co to build an aluminium refinery in the kingdom's Eastern Province, a bourse statement said on Sunday.

The refinery will have an annual production capacity of 1.8 million metric tonnes of smelter-grade alumina and is scheduled to be completed by the end of 2014, the statement added. - Reuters




Tags: aluminium | Hyundai | Maaden |

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