Wednesday 24 August 2016
 
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Maaden

Ma'aden begins commercial output at gold mine

Saudi Arabian Mining Company (Ma'aden) said on Sunday commercial output had begun at the Ad Duwayhi gold mine in western Saudi Arabia. The mine has an estimated average annual production capacity of 180,000 ounces over the lif

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Saudi's Ma'aden swings to net loss in Q4

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, swung to a net loss in the fourth quarter on Wednesday due to lower product prices, missing the average forecast of analysts. Ma'aden made a net loss of

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Maaden unit plans 4 ventures with $1bn loan

A subsidiary of Saudi Arabian Mining Company (Maaden) has won the approval of Saudi Industrial Development Fund (SIDF) for four long-term loans amounting to SR4 billion ($1.063 billion), a report said. Maaden Waad Al-Shamal Phosph

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Maaden unit plans 4 ventures with $1bn loan

A subsidiary of Saudi Arabian Mining Company (Maaden) has won the approval of Saudi Industrial Development Fund (SIDF) for four long-term loans amounting to SR4 billion ($1.063 billion), a report said. Maaden Waad Al-Shamal Phosph

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Energy, feedstock price hike to cost Ma'aden $32m

Saudi Arabian Mining Company (Ma'aden) said on Sunday that changes to energy and gas feedstock prices announced by the government last week would reduce its profit in 2016 by around SR120 million ($32 million). The company, th

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Production starts at Saudi copper mine

Saudi Arabian Mining Co (Ma'aden) has began initial production of copper at its joint venture affiliate with Canada's Barrick Gold Corp, the Gulf's largest miner said in a bourse statement. Maaden Barrick Copper Co, ow

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Maaden gets backing from banks for $3bn loan

Saudi Arabian Mining Co (Ma'aden) said its phosphate business has received commitments from local, regional and international banks for a SR11.5 billion ($3.07 billion) loan, according to a bourse filing on Wednesday. The loan

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Ma'aden Q3 profit drops 83pc

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, posted a 83.5 per cent fall in third-quarter net profit on Sunday. Ma'aden made a net profit of SR79.9 million ($21.3 million) in the three months to Se

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Ma'aden subsidiary's ammonia plant reopens

A subsidiary of Saudi Arabian Mining Company (Ma'aden) has resumed operations at its ammonia plant after completing technical repairs of the facility's heat exchanger, the company said in a bourse filing on Sunday. The pla

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Ma'aden subsidiary's ammonia plant reopens

A subsidiary of Saudi Arabian Mining Company (Ma'aden) has resumed operations at its ammonia plant after completing technical repairs of the facility's heat exchanger, the company said in a bourse filing on Sunday. The pla

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