| Type | Government-owned corporation of the Kingdom of Saudi Arabia |
|---|---|
| Industry | Exploration of mining sites, Gold and Metals mining, Infrastructure, Other |
| Founded | 1997 |
| Headquarters | Riyadh, Saudi Arabia |
| Key people | Khalid 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 (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 (corresponding to 14/11/1417H) 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 rest 50% are listed in Tadawul (Stock Market). The company is structures as headquarter corporate 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]
Contents |
Ma'aden Corporate (HQ): Based in Riyadh.
Ma'aden’s projects are currently developing or operating at the following sites in Saudi Arabia[10]:
Al Jalamid - The Phosphate Project
Ras Al-Zour - 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