maaden

5 news results for the search term: maaden.

MENA Mining Congress 2008

October 12th, 2008

The MENA Mining Congress 2008 is the only mining industry conference for MENA’s growing mining community. A CEO level event that debates, discusses and strategises the future of MENA’s mining industry.
With huge known mineral reserves, many Middle East and Northern African nations are rapidly expanding their mining operations, offering great opportunities for existing players, new [...]

Maaden launches biggest mining IPO

July 6th, 2008

State-owned Saudi Arabian Mining Company (Maaden) yesterday launched an initial public offering to raise 9.25 billion riyals ($2.47bn) in the Middle East’s biggest mining IPO, valuing the firm at $4.9bn.
Maaden plans to sell 462.5 million of stock - equivalent to 50 per cent of its share capital - at 20 riyals each with subscriptions closing [...]

Saudi Canadian commences Az Zabirah works

September 6th, 2007

After signing a five-year deal with the Saudi Arabian Mining company (Maaden), the Saudi Canadian Mining Services mobilized major capital equipment worth $14 million to Az Zabirah North Zone Kaolin & Bauxite Project for the execution the contract, Arab News reported.
The Chief Executive Officer at the Saudi Canadian company said that it had already completed [...]

Saudi’s Western Way, US Gerald Metals sign $4bn aluminium deal

May 18th, 2007

Saudi Arabia’s Western Way For Industrial Development yesterday said it had signed three agreements with Gerald Metals of the US to help it develop an estimated $4bn aluminum complex on the country’s Red Sea coast.
Under the agreements, Connecticut-based Gerald and its affiliates will supply bauxite to Western Way’s aluminum refinery and offtake all aluminium produced [...]

Maaden $7bn Alcan deal

May 3rd, 2007

Saudi Arabian Mining Company has entered into a $7bn joint venture with aluminium major Alcan, Arab News reported. The integrated project will include bauxite mining, alumina refining, a power plant and aluminum smelting. A first phase includes developing a 90m-tonne bauxite reserve, and building a 1,400 MW power plant; an alumina refinery with a capacity [...]


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