Thursday 28 March 2024
 
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Saudi Maaden

Korea's Daelim wins $892m Saudi Ma'aden plant contract

South Korea's construction giant Daelim Industrial Company has been awarded a SR3.4-billion ($892 million) contract by Saudi Arabian Mining Company (Ma’aden) to build the first plant in the company’s third large-scale phosphate c

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Saudi Maaden unit seals new loan amendment deal

Saudi Arabian Mining Company (Maaden) said its subsidiary Maaden Bauxite and Alumina Company (MBAC) has signed an agreement with the Public Investment Fund (PIF) to amend the terms of its existing loan of SR3.75 billion ($1 billion) which has

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Saudi Maaden unit seals new loan amendment deal

Saudi Arabian Mining Company (Maaden) said its subsidiary Maaden Bauxite and Alumina Company (MBAC) has signed an agreement with the Public Investment Fund (PIF) to amend the terms of its existing loan of SR3.75 billion ($1 billion) which has

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Saudi Maaden unit seals new loan amendment deal

Saudi Arabian Mining Company (Maaden) said its subsidiary Maaden Bauxite and Alumina Company (MBAC) has signed an agreement with the Public Investment Fund (PIF) to amend the terms of its existing loan of SR3.75 billion ($1 billion) which has

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Ma'aden restarts ammonia plant

Saudi Arabian Mining Company (Ma'aden) said on Sunday that a subsidiary had restarted its ammonia plant after scheduled maintenance. Ma'aden, the Gulf's largest miner, shut the facility in Ras Al Khair, which it shares

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Ma'aden to shut ammonia plant for 30 days

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, said on Wednesday its subsidiary will shut down its ammonia plant from January 23 for about 30 days for scheduled maintenance. The closure of the facility i

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Saudi Maaden swings to Q4 profit

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, posted a fourth-quarter net profit but fell short of analysts' forecasts. Net profit for the three months to December 31 was SR376 million ($100.1 milli

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Maaden awards key Saudi residential city contract

Saudi Arabian Mining Company (Maaden) has signed an engineering, procurement and construction (EPC) contract for the residential infrastructure at the King Abdullah Project for Wa’ad Al Shamal City Development. The contract

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Schneider Electric wins Saudi Maaden deal

Schneider Electric, a global specialist in energy management, has won a deal from Saudi mining company Maaden to supply low voltage switchgear for its phosphate project, said a report. As per the agreement, Schneider Electric will

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Ma'aden slumps to Q4 net loss on lower gold sales

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, slumped to a fourth-quarter net loss as the firm was hit by lower prices for its petrochemical products and gold and lower sales of the precious metal. The

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