Friday 24 October 2014
 
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Mining

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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CDE names top official for Gulf business ops

CDE Global has appointed Ruchin Garg as business development manager to further strengthen region-wide business operations. CDE designs and manufactures a range of modular materials washing equipment with applications in the const

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Ma'aden gets approval for $1.5bn rights issue

Saudi Arabian Mining Company (Ma'aden) received approval from the kingdom's regulator to undertake a SR5.6-billion ($1.5 billion) rights issue, a stock market filing from the Capital Market Authority said. The price and nu

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Melbourne mining expo to attract industry experts

A major mining conference focused on the role of mining and its future will be held in Melbourne, Australia later this month. The inaugural International Mining and Resources Conference (Imarc) will be held at the Melbourne Convention a

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Saudi accelerates mineral resources development plan

Saudi Arabia is accelerating its mineral resources development plan in an initiative that will facilitate the development of its mining sector, according to industry leaders. Sultan bin Jamal Shawli, Deputy Minister for Mineral Resource

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Ma'aden signs $5bn loan for phosphate project

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 (July

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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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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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Top Moroccan miner upbeat on growth

Compagnie Minière de Touissit (CMT), the second largest mining company in Morocco, has the potential to significantly expand its mine life through the future conversion of 6mt of inferred resources and 5mt of measured and indicated resour

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Ma'aden progressing in bank finance deal talks

Saudi Arabian Mining Company (Ma'aden) aims to close fundraising for its $7 billion phosphate project before the end of the year, and talks with lenders are progressing well, its chief executive said. The cash will be used to

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