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FIRST ALUMINA FROM LOCAL BAUXITE

Ras Al Khair plant .... to refine Saudi Arabian bauxite.

Ma’aden-Alcoa JV achieves major production milestone

RIYADH, December 25, 2014

The Saudi Arabian Mining Company (Ma’aden) and lightweight metals leader Alcoa have achieved a major milestone with the production of the first alumina at their joint venture aluminum complex in Ras Al Khair, Saudi Arabia.

The alumina refinery at Ras Al Khair is the first ever refinery to be constructed and operated in the region.

The milestone marks the commencement of the final link in the supply chain of this fully integrated aluminum facility, said a statement from Maaden.

The alumina refinery will refine Saudi Arabian bauxite, supplied from Ma’aden Aluminium’s mine at Al Ba’itha and transported by 600 km rail to Ras Al Khair.

The alumina from this refinery will feed into the Ma’aden Aluminium Smelter which produces the aluminum needed for the Ma’aden Aluminium Rolling Mill. This fully integrated chain delivers operational efficiency and creates the most competitive aluminum complex in the world.

Commenting on the success, Khalid Mudaifer, the president and CEO of Ma’aden, said: "The first alumina milestone is another demonstration of our disciplined execution as we transform Alcoa to create sustainable shareholder value."

"We are building a minerals and metals industry in Saudi Arabia that maximizes the value of the nation’s mineral resources; contributes to sustainable economic diversification and shareholder value; provides high value job opportunities for Saudis and a reliable supply of quality products to our global customers," stated Mudaifer.

"This milestone marks a significant moment for our industry in Saudi Arabia and the broader GCC region," he added.

Once fully operational the JV refinery will produce 1.8 million MT per year of alumina. The alumina will be transported by conveyor to the adjacent smelter to produce 740,000 mtpy of high quality aluminum products for customers in the Gulf region and in international markets.

Alcoa chairman and CEO Klaus Kleinfeld said: “As the lowest cost aluminum complex in the world, the Ma’aden Alcoa joint venture is an important plank of Alcoa’s strategy to create a globally competitive commodity business.”
 
“The first alumina milestone is another demonstration of our disciplined execution as we transform Alcoa to create sustainable shareholder value,” he added.-TradeArabia News Service




Tags: Ma’aden | production | milestone | Alcoa | alumina |

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