Wednesday 30 July 2014
 
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Maaden

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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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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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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