Maaden aluminium products

Maaden aluminium products. Contact Information. Once complete, the refinery will initially produce 1. Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. 9%) and Alcoa (25. 10 hours ago · Manama, Bahrain - [16 September 2024]: The Board of Directors of Aluminium Bahrain B. reduced production at the aluminum smelter it owns with Alcoa Corp. Jun 19, 2010 · The joint venture will become the world's preeminent and lowest-cost supplier of primary aluminum, alumina and aluminum products, with access to the growing markets of the Middle East and beyond. 1 billion of cash and stocks. . sa Jun 23, 2023 · Ma'aden earned a revenue of approximately 7. On Sunday, the company signed a deal with Alcoa Corp. In the UAE, state-owned Emirates Global Aluminum started production this month from its first $3. Aug 12, 2024 · The net profits of the Saudi Arabian Mining Company (Maaden) doubled by approximately 192 percent to one billion riyals ($266 million) during the second quarter of 2024, compared to SAR 350. The project includes a bauxite mine situated in central Saudi Arabia, which connects by rail to an integrated facility consisting of an alumina refinery, smelter, and Apr 7, 2022 · Emirates Global Aluminium and Saudi Arabian Mining Company (Ma’aden) have signed an agreement to extend their exploration of potential collaboration on technology in the aluminium value chain. Jan 11, 2023 · The massive Saudi Arabia aluminum complex — which includes the smelter, a mine, an alumina refinery and a rolling mill — is 75% owned by Maaden and 25% by Alcoa. Alcoa holds the remaining 25. Jul 16, 2024 · Ma’aden Aluminium includes Bauxite mining at the Al-Baitha Mine (Al-Qassim City, Saudi Arabia) and the operations at the Ras al-Khair plant (Ras Al Khair Industrial City, Saudi Arabia) for Alumina Refining/smelting, Aluminium Re-melting, Casthouses producing ingots, billets and slabs and manufacturing of flat rolled products. MA’ADEN AND ALCOA ENTER INTO SHARE PURCHASE… May 15, 2024 Press Release Contact Information. On 20 December 2009, Ma'aden signed an agreement with US aluminium giant Alcoa to build a $10. com. , known as Alba. In today's aluminum market, where News All News . O ur footprint Our footprint extends over much of the Kingdom, from our headquarters in Riyadh to our mines in the interior, our deep-water port on the Arabian Gulf to the industrial city of Wa’ad Al Shamal in the Northern Borders. The joint venture was created in 2009 as a fully integrated aluminum complex in the Kingdom of Saudi Arabia, comprised of three entities: the Ma’aden Bauxite Dec 20, 2009 · RIYADH, Dec 20 (Reuters) - State-run Saudi Arabian Mining Co (Maaden) <1211. FY22 OPERATIONAL HIGHLIGHTS Exchange: Saudi Exchange Symbol: 1211 ISIN: SA123GA0ITH7 Dec 21, 2014 · Once fully operational the refinery will produce 1. Ma’aden Aluminium's fully integrated high efficiency aluminium production complex is the first of its kind in the world. In a statement on Tadawul, the company attributed the growth to the increase in total profit by 35 percent to SAR 572 million as a result of the Aug 5, 2021 · Ma’aden Aluminium has achieved ASI Performance and Chain of Custody Standard Certification for bauxite mining at the Al Ba’itha mine in Qassim Province and alumina refining and smelting, aluminium re-melting, as well as casting and rolling operations at Ras Al Khair Industrial City in Eastern Province of Saudi Arabia. (MWSPC), or 25% of the share capital of MWSPC Contact Information. Jan 11, 2023 · Saudi Arabian Mining Co. As the global population continues to grow, the demand for protein-rich food increases, while arable land per capita declines. 1 day ago · This would include Ma’aden contributing the entire share capital of two of its subsidiaries, Ma’aden Aluminium Company (MAC) and Ma’aden Bauxite and Alumina Company (MBAC), along with contractual rights concerning the marketing and sale of products produced by MAC, to Alba. Yasir Bin Othman Al-Rumayyan. 3 billion alumina refinery that will produce around 2 million mt/year to lower its imports by meeting 40% of 2 days ago · Maaden has previously entered into a share purchase and subscription agreement with Mosaic Co. This relationship has been strengthened over the years and is set to continue for the future, having exported more than 100,000 tons of high-quality aluminum sheet to date with various specifications and dimensions used in JLR luxury cars. 2 billion Saudi Riyal in 2020 from aluminum and alumina sales. Ma’aden’s supply chain and market reach were strengthened by the 2 days ago · Maaden, as the Saudi firm is known, signed a deal with Alcoa to purchase its holdings in a bauxite facility and an aluminum smelter for 563 million riyals ($150 million) in cash and 3. 5m with 13 local and international banks for the second phase of the Ma'aden Alcoa fully integrated aluminum joint venture. Ma’aden has gained a strong reputation in regional and global markets as a supplier of high quality primary aluminium products. In today's aluminum market, where View Maaden Aluminium (www. 8 million tonnes per year aluminium refinery and a 750,000 tonnes per year smelter in Ras Al-Zour. 0096611283 5824. 8 billion aluminium complex. Apr 18, 2019 · Major Gulf aluminum producers are upgrading or expanding their production to meet both local and international demand for their products. after experiencing operational problems, but is now ramping output back up, according to the company 1 day ago · Maaden, as the Saudi miner is known, would sell the entire share capital of the units - Maaden Aluminium Co. Ma'aden pioneered the mining industry in Saudi Arabia, building a world-class, unique and fully integrated mining value chain. 1 percent stake. sa. Alcoa invented the aluminum industry in 1888 and continues to innovate with new technologies and processes. Nov 8, 2023 · Ma’aden Rolling Company’s aluminum rolling mill has supplied JLR with Aluminum sheets since 2016. 8 million metric tonnes of smelter-grade alumina per year. Find related and similar companies as well as employees by title and much more. 1%). Ma’aden is the leading mining and metals company in Saudi Arabia, and the tenth largest mining company in the world according to market capitalization. September 15, 2024 Press Release. Our cutting-edge, integrated aluminum complex supplies high-quality aluminum solutions to customers in both local and international markets. Ma'aden | 692,124 followers on LinkedIn. O. Establishment of Ma’aden Aluminium Company – a joint venture with Alcoa. 3 trillion mineral endowment. Ma'aden’s Fully Integrated High Efficiency Aluminium Production Complex, and is the largest and most efficient vertically integrated aluminum complex in the world. First export from the Ma’aden Ammonia plant. 6 billion direct employees and export products to over 30 countries. Ma'aden industrial minerals are produced by the Ma’aden Industrial Minerals Company (MIMC), established in 2009 as a wholly-owned subsidiary of Ma’aden. 9 million ($93 million) during the same period last year. www. (Alba) approved during its meeting on 16 September 2024 for Alba to enter into a non-binding agreement with Saudi Arabian Mining Company (Maaden) to commence due diligence towards a potential business combination involving segments of Maaden's aluminium Ma’aden mine Phosphate Rock and process it into diversified ammonium Phosphate Fertilizers Products. Despite the challenges of COVID-19 in 2020, Ma’aden Aluminium has remained robust and well-placed to take advantage of the continuing recovery. Saudi Arabian state-miner Ma'aden has inked a non-binding agreement with Alba to create a new Middle Eastern aluminium giant. to purchase its holdings in a bauxite facility and an aluminum smelter for $1. (the "Mosaic Seller") on April 29, 2023, pursuant to which Maaden has agreed to purchase 210. We operate 17 mines and sites, have 6,000+ direct employees and export products to over 30 countries. They are part of a diverse range of products that we use in our daily lives from construction to ceramics and paint to plastics. Start of production of aluminium ingots. maaden. His Excellency Yasir Bin Othman Al-Rumayyan is the Chairman of the Board of Maaden - Saudi Arabian Mining Company since the end of September 2019, the Governor of the Public Investment Fund since 2015, and serves as the advisor to the General Secretariat of the Cabinet of Ministers, a position he has held since 2016. Ma’aden is dedicated to maximizing the minerals and metals value chain with ongoing investment into the industrial diversification of the aluminum value chain in the Kingdom of Saudi Arabia. - to Aluminium Bahrain B. The alumina will be transported by conveyor to the adjacent smelter to produce 740,000 mtpy of high quality aluminium products for customers in the Gulf region and in international markets. Just as aluminium is shaped and changed into a wide range of goods, its development has transformed Ma’aden into a world-class, future-focused company. 1 day ago · Maaden plays an important role in Saudi Arabia’s strategy to develop into a key supplier of the metals and minerals needed for the energy transition. Dec 1, 2023 · According to data available in Argaam, Maaden owns a 74. P. <p>Saudi Arabian Mining Company Ma’aden and Aluminium Bahrain (Alba) signed Monday a non-binding agreement to pursue the potential formation of a global aluminum leader. — to Aluminium Bahrain B. BOX 68861 Riyadh 11537; Kingdom of Saudi Arabia; Tel: +966 (0) 11 874 8000; Fax: +966 (0) 11 874 8300; info@maaden. mac-careers. In exchange, Alba would issue new shares to be allotted to Ma’aden. (the "Mosaic Guarantor") and Mosaic Phosphates B. We are embarking on massive growth over the next 18 years across our phosphate, aluminum, gold, copper and new minerals – to leverage the Kingdom’s estimated $2. Terms Since the dawn of the aluminum industry and for over 130 years, the name Alcoa has been synonymous with operational excellence and leadership in the production of Bauxite, Alumina and Aluminum products. 1 billion. S. 6 hours ago · Maaden and Alba have become major players in the global aluminum industry in recent years, particularly in value-added products that have historically been dominated by a handful of suppliers. These products are used for refractories, environmental, agricultural and construction purposes. N>, the largest U. 2009. Ma'aden is rapidly becoming among the leading players in the global phosphate trade. to provide innovative environmental solutions, process aluminum smelting by-products, and extract raw aluminum for manufacturing purposes. 1%. 8 billion aluminium complex in the world's top oil Oct 18, 2011 · Ma’aden concludes aluminium project second phase funding agreement Alcoa and Ma'aden's subsidiary Ma'aden Bauxite and Alumina has signed financing agreements worth $991. Forbes Middle East. [2] 1 day ago · 16 September 2024. 2010. Its three interconnected companies bring together Mining, Refining, Smelting, Casting and Rolling - offering a fully integrated value chain f Oct 24, 2010 · Alcoa Inc <AA. sa H. Jul 13, 2021 · A subsidiary of state-run Saudi Arabian Mining Co (Ma'aden) signed a five-year contract on Tuesday to buy calcined petroleum coke from a Saudi company for its aluminium smelter facility in Ras Al Alcoa and the Saudi Arabian Mining Company (Ma’aden) formed a joint venture in 2009 that has created the world’s largest, lowest cost fully integrated aluminum facility. We are embarking on massive growth over the next 18 years across our phosphate, aluminum, gold, copper and new minerals –to leverage the Kingdom’s estimated $1. 2 M tons per year, producing Standard Ingot, Extrusion Dec 5, 2022 · With over 400 high-level delegates in attendance, Ma’aden had a prominent presence at the event showcasing various products and demos. V. SE> and U. Subscribe. E. 94 million shares of Maaden Wa’ad Al Shamal Phosphate Co. Oct 18, 2020 · Our aluminum products serve mainly the local market, as well as key countries in Asia, Europe and North America,” he added. In its initial phases, the joint venture will develop a fully integrated industrial complex, including: Since the dawn of the aluminum industry and for over 130 years, the name Alcoa has been synonymous with operational excellence and leadership in the production of Bauxite, Alumina and Aluminum products. Train operations started between Al Jalamid mine and Ras Al Khair. Maaden Aluminium Factory. Ma’aden’s Casthouse is integrated with the Smelter, with a Total Design Capacity of 1. 2008 Jan 12, 2023 · The massive Saudi Arabia aluminum complex — which includes the smelter, a mine, an alumina refinery and a rolling mill — is 75 percent owned by Maaden and 25 percent by Alcoa. 2011 . (MAC), an affiliate of Saudi Arabian Mining Company (), has signed a high tech cooperation agreement with Radian Oil and Gas Services Co. aluminum producer, planted its footprint in the Middle East on Sunday, starting the construction of a $10. Our integrated aluminum value chain is the largest in the Middle East and one of the largest in the world with assets of over SAR 42 billion. C. The complex will utilize critical infrastructure, including low-cost and clean power generation, as well as port and rail facilities, developed by the 1 day ago · In a significant step towards its ESG goals, particularly its commitment to a circular economy and secondary aluminium, Alba introduced EternAl, its new line of low-carbon aluminium products Mar 15, 2024 · Qineng (Aluminium) aluminium smelter 03 July 2024 As the largest smelters in Chongqing, Qineng smelter was designed to 330 ktpa aluminium capacity with 2×330MW captive power plant. , and Maaden Bauxite and Alumina Co. Ma’aden Ammonia plant starts commercial production. com) location in Saudi Arabia , revenue, industry and description. The expanded company would be one of the world’s biggest aluminum producers. Photo: Show more 1 day ago · The Maaden-Alcoa joint venture, established in 2009, is a fully integrated mining complex in Saudi Arabia Saudi Arabian Mining Company (Maaden) will purchase a 25. , known as Alba The Board of Directors of Aluminium Bahrain B. </p><p></p>. The complex comprises: Jun 2, 2022 · MA’ADEN’s mine-to-market aluminium business comprises the Al Ba’itha mine and fully integrated refinery, smelter, rolling and export facilities in Ras Al Khair. To receive more news and updates on saudi made products, directly to your inbox. One key lesson from 2020 was, if we are flexible and adaptable during challenging times, then we should continue to innovate, and optimise without compromise when the environment recovers. Read more: Ma’aden has gained a strong reputation in regional and global markets as a supplier of high quality primary aluminium products. 1 percent stake from US aluminium producer Alcoa in their joint venture for $1. The two parties have signed a heads-of-agreement to 1 day ago · Maaden, as the Saudi miner is known, would sell the entire share capital of the units — Maaden Aluminium Co. MA’ADEN provides high-quality billets, ingots, slabs and flat-rolled aluminium products to customers across the globe, including multinational automakers and consumer brands. Future Minerals Forum Follow us on Dec 12, 2012 · In its initial phases, the joint venture will develop a fully integrated industrial complex which will become the world's preeminent and lowest-cost producer of primary aluminum, alumina and aluminum products, with access to the growing markets of the Middle East and beyond. Find company research, competitor information, contact details & financial data for MA'ADEN ALUMINIUM COMPANY of Ras Al Khair, Eastern Province. Oct 2, 2019 · Maaden Aluminium Co. sa Aluminium, one of the world’s most versatile and recyclable metals, is a fitting symbol of Ma'aden evolution as a company. Chairman - Non-Executive. 5 trillion mineral endowment. 2 M tons per year, producing Standard Ingot, Extrusion Background Ma’aden is a company with a global head, but a local heart. Under the agreement, the two firms will build a 1. Get the latest business insights from Dun & Bradstreet. Feb 3, 2012 · Riyadh and New York: The Ma’aden Alcoa aluminium joint venture today announced that it has poured the first concrete in the construction of the region’s first alumina refinery at the fully integrated aluminium complex at Ras Al Khair. 9% stake in the joint venture Maaden Aluminium Co. Its products, aluminium of the highest international standards, is sold to both domestic and global markets and is encouraging the development of additional downstream aluminium Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. 8 million mtpy of alumina. aluminium giant Alcoa agreed on Sunday to build a $10. 8 billion integrated smelter and rolling mill Aluminium The Aluminium Project is a mine to metal project that will exploit Saudi Arabia’s bauxite resources to produce aluminium for domestic and world markets and is a joint venture between Ma’aden (74. 2008 Jun 26, 2019 · Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that it has amended its joint venture with the Saudi Arabian Mining Company (Ma’aden) in which Alcoa holds a minority, 25. Ma’aden mine Phosphate Rock and process it into diversified ammonium Phosphate Fertilizers Products. (Alba) approved during its meeting on 16 September 2024 for Alba to enter into a non-binding agreement with Saudi Arabian Mining Company (Maaden) to commence due diligence towards a potential business combination involving segments of Maaden’s aluminium strategic business unit. Ma'aden is continuously expanding MAC’s global market footprint. gtq ego qexdcolm yytuk crjhir vdxy dedn vcvn jiqqliw lqnhu