Saturday 19 April 2014
 
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Maaden

Ma'aden Q1 profit falls 48pc as metal prices drop

Saudi Arabian Mining Co (Ma'aden) blamed falling metal prices after it posted a 48 percent drop in first-quarter net profit on Monday. Ma'aden made a profit of 125.2 million riyals ($33.4 million) in the three months to Ma

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Maaden secures $2bn loan for phosphate plan

Saudi Arabia's state-owned Public Investment Fund will provide $2 billion financing for a phosphate project planned by Saudi Arabian Mining Co (Maaden), Saudi Basic Industries Corporation (Sabic) and Mosaic, said a report. The

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Alba-Ma'aden Aluminium in key talks

Aluminium Bahrain (Alba) said its senior officials met the top management of Ma'aden Aluminium in Saudi and held key discussions on issues of common interest related to safety, operations and training. The Alba team led by CEO

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Maaden signs financing deal with SIDF

Saudi Arabian Mining Company (Maaden) has said its subsidiary, Maaden Bauxite and Alumina Company, has signed a financing agreement with Saudi Industrial Development Fund (SIDF) for the second phase of its aluminium project. The f

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Ma'aden restarts aluminium plant production line

Saudi Arabian Mining Company (Ma'aden) has restarted one of the two potlines at its new aluminium smelter in Saudi Arabia, the company said on Sunday. The $10.8-billion aluminium plant at Ras al-Khair, a joint venture between

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Ma'aden wins $4.2bn funding for phosphate project

Saudi Arabian Mining Company (Ma'aden) has commitments from banks for financing worth up to 15.75 billion riyals ($4.2 billion) for a $7 billion phosphate project in Saudi Arabia, it said on Wednesday. The project in the north

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Ma'aden sees bauxite from new mine in Q2 2014

Saudi Arabian Mining Co (Ma'aden) expects to start producing bauxite from a new mine in the second quarter of 2014, a company executive said. Ma'aden and US partner Alcoa are developing a mine with the capacity to produce

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Saudi Ma'aden profit trebles on phosphate venture

Saudi Arabian Mining Co (Ma'aden) said its third-quarter net profit more than trebled on the back of contract receipts from a phosphate joint venture, which helped offset declines in its gold and other fertiliser businesses. T

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Ma'aden awards $825m deal to Korean firm

Saudi Arabian Mining Co (Ma'aden) has awarded a $825 million contract to South Korea's Daelim Industrial Co to build an ammonia plant in the kingdom, Ma'aden said in a bourse filing on Tuesday.   The

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Maaden reopens phosphate, ammonia plants

  Maaden Phosphate Co (MPC) has restarted a diammonium phosphate plant (DAP) in Saudi Arabia after repairing the ammonia plant that feeds it, but the shutdowns will negatively impact profits, the co

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