Thursday 14 November 2024
 
»
 
»
Story

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 |

More Industry, Logistics & Shipping Stories

calendarCalendar of Events

Ads