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Gulf Capital invests $25m in Egypt petroleum firmGulf Capital, one of the leading alternative asset managers in the Middle East, has completed a $25 million investment in Amak Group, a leading provider of petroleum services for the onshore and offshore sectors in Egypt. The inve More… |
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Saudi mine construction work completeAl Masane Al Kobra Mining Company (Amak), a joint stock company in Saudi Arabia, has completed the construction phase of its mine in Najran province. Arabian American Development Co (ARSD), which owns 37 per cent of Amak, said not More… |
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ARSD signs $79m deal for Saudi mineArabian American Development (ARSD) has signed a three-year, $79 million contract with China National Geological & Mining Corporation (CGM) for the operation of the surface works of the Al-Masane Al-Kobra (Amak) mine. This contract is More… |
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Armico buys key stake in Saudi mining firmArab Mining Company (Armico), an Arab government-owned firm, has acquired a 10 per cent stake in Al-Masane Al-Kobra Mining (Amak), a Saudi joint stock company owned by Arabian American Development Company, for $37.3 million. Arabian Ameri More… |
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Amak sees metals production by mid-2011Saudi-based Al Masane al Kobra Mining Company (Amak) expects to start base and precious metals production at its mine bordering Yemen by mid-2011, a company executive said. The mine will have an estimated annual output of 700,000 tonnes of More… |
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Tasnee to build metals smelter in YanbuSaudi Industrial Group Tasnee plans to build an integrated smelter for copper, lead and zinc in the kingdom as it looks to diversify away from petrochemicals, a company executive said. The plant's construction in the Red Sea port of Ya More… |
