Thursday 18 December 2014
 
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Maaden

Maaden, Canadian firm set up copper asset JV

Barrick Gold Corporation said on Wednesday it has formed a joint venture with Saudi Arabian Mining Company (Ma'aden) to run the Jabal Sayid copper asset in the kingdom, which will jump-start output at the long-delayed mine. To

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Maaden's $1.5bn rights issue to start Tuesday

Saudi Arabian Mining Company (Ma'aden) has announced the subscription period for its SR5.6 billion ($1.5 billion) rights issue will start on Tuesday. Shareholders can buy shares in the capital increase until December 2, the co

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Ma'aden Q3 net profit falls 66pc, beats forecasts

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, beat analyst forecasts as it reported a 66 per cent fall in third-quarter net profit after a one-off gain was not repeated. The company's net profit in

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Ma'aden Q2 net profit jumps

Saudi Arabian Mining Co (Ma'aden) posted a significant jump in second-quarter net profit on Tuesday, beating the forecasts of analysts. The miner made a net profit of 370.8 million riyals ($98.9 million) in the three months to

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Barrick, Ma'aden to form JV on Saudi copper asset

Barrick Gold said on Sunday it is forming a joint venture with Saudi Arabian Mining Co (Ma'aden) to run its Jabal Sayid copper asset in the kingdom, a move that could see the long-delayed mine finally begin production in late 2015.

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Saudi's Ma'aden inks $5bn financing deal

Saudi Arabian Mining Co (Ma'aden) has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement on Tuesday.

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Maaden unveils big gold excavation plans

Saudi Arabian Mining Company (Maaden) aims to dig out 500,000oz of gold from across the Kingdom, including the Madinah region, said a report citing its top official. Maaden is also considering introducing downstream operations to

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Ma'aden appoints HSBC as advisor for rights issue

Saudi Arabian Mining Co (Ma'aden), has appointed HSBC Saudi Arabia as financial advisor for its planned 5.6 billion riyals ($1.49 billion) rights issue, the company said in a statement on Monday. Ma'aden had earlier this m

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Ma'aden appoints HSBC as advisor for rights issue

Saudi Arabian Mining Co (Ma'aden), has appointed HSBC Saudi Arabia as financial advisor for its planned 5.6 billion riyals ($1.49 billion) rights issue, the company said in a statement on Monday. Ma'aden had earlier this m

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Ma'aden plans $1.5bn rights issue

Saudi Arabian Mining Co (Ma'aden) will seek shareholder approval for a 5.6 billion riyals ($1.49 billion) rights issue to help expand its operations, the company said on Thursday. Ma'aden will use the money to expand its p

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