Maaden (company): Difference between revisions
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The company was primarily focused on developing the Kingdom's gold mining operations. Ras Al-Khair's complex includes a [[diammonium phosphate]] plant, an alumina refinery, [[aluminum smelting|smelter]] and rolling mill associated with the Alco joint venture, and links by rail to the phosphate mine in Waad Al-Shamal.<ref name="Ali">{{cite book |last1=Al-Naimi |first1=Ali |title=Out of the Desert |date=2016 |publisher=Portfolio Penguin |isbn=9780241279250 |location=Great Britain |pages=248–249}}</ref> |
The company was primarily focused on developing the Kingdom's gold mining operations. Ras Al-Khair's complex includes a [[diammonium phosphate]] plant, an alumina refinery, [[aluminum smelting|smelter]] and rolling mill associated with the Alco joint venture, and links by rail to the phosphate mine in Waad Al-Shamal.<ref name="Ali">{{cite book |last1=Al-Naimi |first1=Ali |title=Out of the Desert |date=2016 |publisher=Portfolio Penguin |isbn=9780241279250 |location=Great Britain |pages=248–249}}</ref> |
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In April 2022, Ma'aden and Emirates Global Aluminium extended their agreement to collaborate on more environmentally friendly aluminum smelting technologies that produce less greenhouse gases. A prior memorandum of understanding signed in 2018 was extended by this arrangement.<ref>{{Cite web |last=National |first=The |date=2022-04-07 |title=EGA and Ma’aden expand collaboration on green technology for aluminium smelting |url=https://www.thenationalnews.com/business/2022/04/07/ega-and-maaden-expand-collaboration-on-green-technology-for-aluminium-smelting/ |access-date=2023-07-20 |website=The National |language=en}}</ref><ref>{{Cite web |last=Salian |first=Neesha |date=2022-04-07 |title=UAE's EGA and Saudi's Ma’aden extend technology cooperation |url=https://gulfbusiness.com/uaes-ega-and-saudis-maaden-extend-technology-cooperation/ |access-date=2023-07-20 |language=en-US}}</ref> |
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Ma'aden Corporate (HQ): Based in [[Riyadh]]. |
Ma'aden Corporate (HQ): Based in [[Riyadh]]. |
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Al Amar - Gold and Base Metals |
Al Amar - Gold and Base Metals |
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==References== |
==References== |
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Revision as of 21:59, 20 July 2023
| File:Ma'aden Logo - 2.png | |
| Company type | Government-owned corporation of the Kingdom of Saudi Arabia |
|---|---|
| ISIN | SA123GA0ITH7  |
| Industry | Exploration of mining sites, Gold, world-class phosphate, aluminium, industrial minerals and copper concentrate operations. |
| Founded | 1997 |
| Headquarters | Riyadh, Saudi Arabia |
Key people | Chairman: H.E. Yasir Bin Othman Al-Rumayyan President, CEO: Robert Wilt (Bob) |
| Products | Gold, Silver, Phosphate, Aluminum, Base metals |
| Revenue | 26,769 billion SAR (2021)[1] |
| Total assets | 97,657,597,000 Saudi riyal (2019) |
Number of employees | +8000 (2021) |
| Website | www.maaden.com.sa |
MA'ADEN (Saudi Arabian Mining Co.) is a Saudi state-owned mining company headquartered in Riyadh. It 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. The Saudi government still owns 50% of its shares while the remaining 50% are listed in Tadawul (Stock Market). It is the largest mining company in Saudi Arabia.
Corporate and subsidiaries
 |
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.[2] The smelter is slated to start production in 2013 while the refinery would come online in 2014.[3]
The company was primarily focused on developing the Kingdom's gold mining operations. Ras Al-Khair's complex includes a diammonium phosphate plant, an alumina refinery, smelter and rolling mill associated with the Alco joint venture, and links by rail to the phosphate mine in Waad Al-Shamal.[4]
In April 2022, Ma'aden and Emirates Global Aluminium extended their agreement to collaborate on more environmentally friendly aluminum smelting technologies that produce less greenhouse gases. A prior memorandum of understanding signed in 2018 was extended by this arrangement.[5][6]
Ma'aden Corporate (HQ): Based in Riyadh.
- Ma'aden Gold Company: based in Jeddah, Gold and base metals.[7]
- Ma'aden Phosphate Company: based in Ras Al-Khair, phosphate industry, with joint venture partner SABIC.[8]
- Ma'aden Aluminum Company: based in Ras Al-Khair, aluminum industry, with joint venture partner Alcoa.[9]
- Ma'aden Rolling Company
- Ma'aden Smelter Company
- Ma'aden Mining and Refinery Company
- Ma'aden Infrastructures Company: based in Ras Al-Khair, Housing.[10]
- Ma'aden Industrial Minerals Company: Based in Jeddah.
- Magnesite Projects: Based in Medina
- Zinc and Copper Projects
Ma'aden projects
Ma'aden's projects are currently developing or operating at the following sites in Saudi Arabia:[11]
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
As Suoq - Gold and Base Metals
Ad Duwayhi - Gold and Base Metals
Al Amar - Gold and Base Metals
References
- ^ "Maaden - Results Centre".
- ^ "Bechtel to Develop Ras Azzour Smelter - U.S.-Saudi Arabian Business Council". Archived from the original on 28 September 2013. Retrieved 24 September 2010.
- ^ Business : Saudi Maaden signs $10.8 bln deal with US Alcoa
- ^ Al-Naimi, Ali (2016). Out of the Desert. Great Britain: Portfolio Penguin. pp. 248–249. ISBN 9780241279250.
- ^ National, The (2022-04-07). "EGA and Ma'aden expand collaboration on green technology for aluminium smelting". The National. Retrieved 2023-07-20.
- ^ Salian, Neesha (2022-04-07). "UAE's EGA and Saudi's Ma'aden extend technology cooperation". Retrieved 2023-07-20.
- ^ Gold and Base Metal co Archived 2009-05-30 at the Wayback Machine
- ^ co
- ^ Aluminum co
- ^ Infrastructure co Archived 2009-06-14 at the Wayback Machine
- ^ Ma'aden – Saudi Arabian Mining Company Archived 2009-10-13 at the Wayback Machine
