Maaden aluminium. Ma'aden’s Fully Integrated High Efficiency Aluminium Production Complex involves the development, design, construction and operation of mutib plants in two sites that are integrated into a single mine-to-metal network. Ma'aden agreed to buy shares in Alba in exchange for the entire share capital of two of Aluminium Industrial Minerals In addition to its petroleum, natural gas and metallic mineral riches, Saudi Arabia is also blessed with industrial minerals – materials other than fuel, metal or gemstones mined for their commercial value. (Alba) to pursue a potential business combination to create a global aluminium powerhouse. May 18, 2012 · Ras Al Khair will be the world’s largest aluminium smelter when completed in 2013. Jun 2, 2022 · MA’ADEN’s mine-to-market aluminium business comprises the Al Ba’itha mine and fully integrated refinery, smelter, rolling and export facilities in Ras Al Khair. com. Dec 12, 2012 · Project delivered in record time, within budget, and with zero injury record. 2 days ago · Maaden, as the Saudi firm is known, signed a deal with Alcoa to purchase its holdings in a bauxite facility and an aluminum smelter for 563 million riyals ($150 million) in cash and 3. Contact Information. One key lesson from 2020 was, if we are flexible and adaptable during challenging times, then we should continue to innovate, and optimise without compromise when the environment recovers. Ma’aden Ammonia plant starts commercial production. Ma’aden Aluminium's fully integrated high efficiency aluminium production complex is the first of its kind in the world. 1 billion of proceeds in Maaden shares and cash Transaction simplifies Alcoas portfolio in Saudi Arabia and provides greater financial flexibility Alcoa (NYSE: AA, ASX: AAI) (Alcoa or the Company) announced today that it has entered into a binding share purchase and subscription agreement (the Agreement) with Saudi Arabian Mining Company (Maaden), under which Alcoa will 1 day ago · Maaden, as the Saudi miner is known, would sell the entire share capital of the units — Maaden Aluminium Co. Read more: Contact Information. In exchange, Alba would issue new shares for allotment to Maaden. sa Mar 15, 2024 · The 740 kt/a primary aluminium smelter was the first of its kind in Saudi Arabia and is part of a larger project that comprises a 4. [2] Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. Jan 12, 2023 · The massive Saudi Arabia aluminum complex — which includes the smelter, a mine, an alumina refinery and a rolling mill — is 75 percent owned by Maaden and 25 percent by Alcoa. RIYADH, SAUDI ARABIA AND NEW YORK, NY – December 12, 2012. Through Tharwah, we will build on our current contributions to the national mining ecosystem and support the remote communities in which we operate to create robust, self-reliant local business ecosystems. 8 billion aluminium complex. Jul 16, 2024 · Ma’aden Aluminium includes Bauxite mining at the Al-Baitha Mine (Al-Qassim City, Saudi Arabia) and the operations at the Ras al-Khair plant (Ras Al Khair Industrial City, Saudi Arabia) for Alumina Refining/smelting, Aluminium Re-melting, Casthouses producing ingots, billets and slabs and manufacturing of flat rolled products. The two parties have signed a heads-of-agreement to pursue a business P. BOX 68861 Riyadh 11537; Kingdom of Saudi Arabia; Tel: +966 (0) 11 874 8000; Fax: +966 (0) 11 874 8300; info@maaden. 2 days ago · Alcoa to receive $1. 8 billion integrated smelter and rolling mill complex Contact Information. Ma’aden is the leading mining and metals company in Saudi Arabia, and the tenth largest mining company in the world according to market capitalization. The project includes a bauxite mine situated in central Saudi Arabia, which connects by rail to an integrated facility consisting of an alumina refinery, smelter, and Use our form to send us privacy questions you have. The rest of the water will be pumped to the cities of Riyadh, Hafr Al Batin and Nuayriyah. 25Mt/a bauxite mine, a 1. The project is the world’s largest fully-integrated aluminum complex. 2011 . aluminum producer, planted its footprint in the Middle East on Sunday, starting the construction of a $10. Ma'aden’s vision is to be a “Sustainable mining champion with global presence”. MA’ADEN provides high-quality billets, ingots, slabs and flat-rolled aluminium products to customers across the globe, including multinational automakers and consumer brands. Alcoa and Ma'aden's subsidiary Ma'aden Bauxite and Alumina has signed financing agreements worth $991. News All News . Ma’aden Aluminium has achieved ASI Performance and Chain of Custody Standard Certification for bauxite mining at the Al Ba’itha mine in Qassim Province and alumina refining and smelting, aluminium re-melting, as well as casting and rolling operations at Ras Oct 18, 2011 · Ma’aden concludes aluminium project second phase funding agreement. 2010. SEC's share will be 1,050 MW of electricity, some of which will power downstream industries at the mineral industry complex at Ras Al Khair. , and Maaden Bauxite and Alumina Co. Aluminium Bahrain (Alba) has a non-binding agreement with Saudi Arabian Mining Company (Maaden) to commence due diligence towards a potential business combination involving segments of Maaden’s aluminium strategic business unit. 1 day ago · The Maaden-Alcoa joint venture, established in 2009, is a fully integrated mining complex in Saudi Arabia. (Alba) approved during its meeting on 16 September 2024 for Alba to enter into a non-binding agreement with Saudi Arabian Mining Company (Maaden) to commence due diligence towards a potential business combination involving segments of Maaden’s aluminium strategic business unit. , known as Alba. aluminium giant Alcoa agreed on Sunday to build a $10. The alumina refinery was to produce 1. — to Aluminium Bahrain B. Train operations started between Al Jalamid mine and Ras Al Khair. We are embarking on massive growth over the next 18 years across our phosphate, aluminum, gold, copper and new minerals – to leverage the Kingdom’s estimated $2. 5m with 13 local and international banks for the second phase of the Ma'aden Alcoa fully integrated aluminum joint venture. 2008 Apr 29, 2024 · Saudi Arabian Mining Company (Ma'aden), the largest multi-commodity firm in the Middle East, has been certified by the international assessor DNV as having produced 614,000 tonnes of ultra low carbon ammonia, representing the largest quantity accredited in the world to date. 1 day ago · Saudi Arabian Mining Company (Ma'aden) said on Monday it has signed a non-binding agreement with Aluminium Bahrain B. Saudi Arabian Mining Company and Alcoa wanted to develop a greenfield integrated project, including a bauxite mine, alumina refinery, aluminum smelter, and “can sheet” rolling mill. Establishment of Ma’aden Aluminium Company – a joint venture with Alcoa. Start of production of aluminium ingots. <p>Saudi Arabian Mining Company Ma’aden and Aluminium Bahrain (Alba) signed Monday a non-binding agreement to pursue the potential formation of a global aluminum leader. 1 day ago · Maaden, as the Saudi miner is known, would sell the entire share capital of the units — Maaden Aluminium Co. 8 billion aluminum joint venture with Alcoa to help meet demand for the local market, which consumes some 60% of total production, the company's chief executive told S&P Global Platts on Thursday. MA’ADEN AND ALCOA ENTER INTO SHARE PURCHASE… May 15, 2024 Press Release Dec 20, 2009 · RIYADH, Dec 20 (Reuters) - State-run Saudi Arabian Mining Co (Maaden) <1211. 6 billion News All News . BOX 68861 Riyadh 11537 Kingdom of Saudi Arabia Tel: +966 (011) 874 8000 Fax: +966 (011) 874 8300 Despite the challenges of COVID-19 in 2020, Ma’aden Aluminium has remained robust and well-placed to take advantage of the continuing recovery. Find company research, competitor information, contact details & financial data for MA'ADEN ALUMINIUM COMPANY of Ras Al Khair, Eastern Province. 1 percent stake from US aluminium producer Alcoa in their joint venture for $1. O ur vision. In April 2009, Maaden split the overall $10 billion aluminium project into two smaller phases to help it secure financing for the scheme. MA’ADEN AND ALCOA ENTER INTO SHARE PURCHASE… May 15, 2024 Press Release Apr 18, 2019 · Dubai — Saudi Arabia's Maaden, the biggest Gulf miner, is mulling expanding its $10. The privacy form can’t be used for Subject Access Requests. On 20 December 2009, Ma'aden signed an agreement with US aluminium giant Alcoa to build a $10. 8 billion aluminium complex in the world's top oil The mining company of Saudi Arabia (Ma’aden) and Alcoa developed a megaproject that initially included a bauxite mine, an alumina refinery, an aluminum smelter and an aluminum rolling mill. , known as Alba Forbes Middle East. Yasir Bin Othman Al-Rumayyan. Jun 26, 2019 · Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that it has amended its joint venture with the Saudi Arabian Mining Company (Ma’aden) in which Alcoa holds a minority, 25. sa Aug 5, 2021 · CERTIFICATION Aluminium Stewardship Initiative certifies Ma’aden Aluminium against ASI Performance and Chain of Custody Standards. sa We operate 17 mines and sites, have 6,000+ direct employees and export products to over 30 countries. First export from the Ma’aden Ammonia plant. sa H. sa Background Ma’aden is a company with a global head, but a local heart. Aluminium, one of the world’s most versatile and recyclable metals, is a fitting symbol of Ma'aden evolution as a company. September 15, 2024 Press Release. Jan 11, 2023 · The massive Saudi Arabia aluminum complex — which includes the smelter, a mine, an alumina refinery and a rolling mill — is 75% owned by Maaden and 25% by Alcoa. 1 billion. 15, a share purchase and subscription agreement (SPSA) with Alcoa Corporation (guarantor), AWA Saudi Limited (first seller) and Alcoa Saudi Smelting Inversiones S. The Saudi Arabian Mining Company (Ma’aden) and Alcoa today announced the achievement of the First Hot Metal milestone today 12/12/2012 at their joint venture smelter project at Ras Al Khair in Saudi Arabia. Its three interconnected companies bring together Mining, Refining, Smelting, Casting and Rolling - offering a fully integrated value chain f 1 day ago · Maaden, as the Saudi miner is known, would sell the entire share capital of the units - Maaden Aluminium Co. Al Jalamid phosphate mine Background Ma’aden Aluminium is the only fully integrated Aluminum producer in the Gulf, and one of the largest such producers in the world. L. For security reasons we will end your session automatically in 03:00 unless you would like to continue working. Of that, the aluminium complex will use 1,350 MW of electricity and 25,000 cubic metres per day of water. S. sa Aluminium Ma’aden operations also include the activities of the company wholly-owned subsidiary Ma'aden Infrastructure Company (MIC), which undertakes a wide range of infrastructure construction and management needs of Ma'aden businesses. MAADEN - Ras Al Khair Alumina Refinery Saudi Arabian Mining Company (Maaden) and Alcoa, alongwith Hatch as their technology partner, has revealed plans to construct the alumina refinery. Get the latest business insights from Dun & Bradstreet. 2009. C. IDOM carried out civil and structural engineering for the Samsung Engineering group as part of […] Dec 21, 2014 · RIYADH, Saudi Arabia — December xx, 2014 —The Saudi Arabian Mining Company (Ma’aden) and lightweight metals leader Alcoa (NYSE:AA) today announced that the alumina refinery at their joint venture aluminum complex in Saudi Arabia has successfully produced its first alumina from Saudi Arabian bauxite. </p><p></p>. 2 days ago · Maaden signs SPSA to take over Maaden Bauxite, Maaden Aluminium. sa The Board of Directors of Aluminium Bahrain B. Under the agreement, the two firms will build a 1. 8Mt/a Start of production of aluminium ingots. after experiencing operational problems, but is now ramping output back up, according to the company Contact Information. Alcoa and the Saudi Arabian Mining Company (Ma’aden) formed a joint venture in 2009 that has created the world’s largest, lowest cost fully integrated aluminum facility. It is three interconnected companies that combine Mining, Refining, Smelting, Casting, and Rolling - offering a fully integrated value chain from bauxite mine to product, to market. Alba's Board of Directors approved the agreement during its meeting on Monday. 1 day ago · Saudi Arabian state-miner Ma'aden has inked a non-binding agreement with Alba to create a new Middle Eastern aluminium giant. 2008 7 hours ago · Maaden, as the Saudi miner is known, would sell the entire share capital of the units — Maaden Aluminium Co. Just as aluminium is shaped and changed into a wide range of goods, its development has transformed Ma’aden into a world-class, future-focused company. 1 percent stake. - to Aluminium Bahrain B. The transaction includes 86 million shares of Maaden, valued at $950 million, and $150 1 day ago · September 16, 2024. SE> and U. BOX 68861 Riyadh 11537 Kingdom of Saudi Arabia Tel: +966 (011) 874 8000 Fax: +966 (011) 874 8300 Our plants in Ras Al Khair are linked to Al Jalamid and Al Ba’itha mines and Wa'ad Al Shamal Industrial City by railway. N>, the largest U. 8 million tonnes per year aluminium refinery and a 750,000 tonnes per year smelter in Ras Al-Zour. E. Ma'aden's mission is to lead the development of the mining industry in Saudi Arabia, by maximizing the value of the mineral resources, while developing to be a Saudi Global Mining Giant. Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. Our dedicated team will get back to you within 30 days. 8 H. (second seller), according to a Tadawul filing. “Local content is a catalyst for broader economic growth. This project is located in Ras Al-Khair, northwest of Saudi Arabia. P. The Ras Al Khair Aluminium Smelter project, which is being developed by Ma’aden in partnership with Alcoa, reached the safety milestone on May 14. (Maaden) signed today, Sept. Saudi Arabian Mining Company (Maaden) will purchase a 25. Jan 11, 2023 · Saudi Arabian Mining Co. sa Contact Information. Chairman - Non-Executive. The joint venture was created in 2009 as a fully integrated aluminum complex in the Kingdom of Saudi Arabia, comprised of three entities: the Ma’aden Bauxite Contact Information. . Alcoa invented the aluminum industry in 1888 and continues to innovate with new technologies and processes. The plants produce ammonia and process phosphate concentrate into ammonium phosphate fertilizers and convert bauxite into alumina and aluminium. 5 trillion mineral endowment. Oct 24, 2010 · Alcoa Inc <AA. O ur mission. Apr 7, 2022 · Emirates Global Aluminium and Saudi Arabian Mining Company (Ma’aden) have signed an agreement to extend their exploration of potential collaboration on technology in the aluminium value chain. Ma'aden | 696,210 followers on LinkedIn. Twenty-five million job hours worked without a lost work day case (LWDC) represents 269 LWDC-free days. reduced production at the aluminum smelter it owns with Alcoa Corp. His Excellency Yasir Bin Othman Al-Rumayyan is the Chairman of the Board of Maaden - Saudi Arabian Mining Company since the end of September 2019, the Governor of the Public Investment Fund since 2015, and serves as the advisor to the General Secretariat of the Cabinet of Ministers, a position he has held since 2016. O. Since the dawn of the aluminum industry and for over 130 years, the name Alcoa has been synonymous with operational excellence and leadership in the production of Bauxite, Alumina and Aluminum products. It seems you've been gone for a while. 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