Maaden (company)

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Saudi Arabian Mining Company (MA'ADEN)
Type Government-owned corporation of the Kingdom of Saudi Arabia
Industry Exploration of mining sites, Gold and Metals mining, Infrastructure, Other
Founded 1997; 17 years ago (1997)
Headquarters Riyadh, Saudi Arabia
Key people Khalid Saleh Al-Mudaifer[1]:
President, CEO
Abdullah Al-Saif:
Chairman
Products Gold, Silver, Phosphate, Aluminum, Base metals
Revenue 221 Million SAR (2008)[2]
Employees +2000 (2009)
Website www.maaden.com.sa
MA'ADEN Headquarters Riyadh, Saudi Arabia

MA'ADEN (Saudi Arabian Mining Co.) is a diversified mining company, active in gold base metals mining and infrastructure industry. Ma'aden was formed as a Saudi joint stock company on 23 March 1997 for the purpose of facilitating the development of Saudi Arabia’s mineral resources. It is the largest mining company in Saudi Arabia. The Saudi government still owns 50% of its shares while the remaining 50% are listed in Tadawul (Stock Market). The company is structured with corporate headquarters based in Riyadh with several subsidiaries.[3]

On 20 December 2009, Ma'aden signed an agreement with US aluminium giant Alcoa to build a $10.8 billion aluminium complex. Under the agreement, the two firms will build a 1.8 million tonnes per year aluminium refinery and a 750,000 tonnes per year smelter in Ras Al-Zour.[4] The smelter is slated to start production in 2013 while the refinery would come online in 2014.[5]

Corporate and Subsidiaries[edit]

Ma'aden Corporate (HQ): Based in Riyadh.

  • Ma'aden Gold Company: based in Jeddah, Gold and base metals.[6]
  • Ma'aden Phosphate Company: based in Khobar, phosphate industry, with joint venture partner SABIC.[7]
  • Ma'aden Aluminum Company: based in Ras Al-Khair, aluminum industry, with joint venture partner Alcoa.[8]
    • Ma'aden Rolling Company
    • Ma'aden Smelter Company
    • Ma'aden Mining and Refinery Company
  • Ma'aden Infrastructures Company: based in Ras Al-Khair, gold and base metals.[9]
  • Ma'aden Industrial Minerals Company: Based in Jeddah.
  • Magnesite Projects: Based in Medina
  • Zinc and Copper Projects

Ma'aden Projects[edit]

Ma'aden’s projects are currently developing or operating at the following sites in Saudi Arabia:[10]

Al Jalamid - The Phosphate Project

Ras AZ-Zour (Ras Al Khair) - The Phosphate and Aluminium Projects

Az Zabirah - The Aluminium and Industrial Minerals Projects

Zarghat - Industrial Minerals Project

Mahd ad Dahab - Gold and Base Metals

Sukhaybarat - Gold and Base Metals

Bulghah - Gold and Base Metals

Al Hajar - Gold and Base Metals

Al Amar - Gold and Base Metals

References[edit]

External links[edit]