Maaden (company)
Encyclopedia
MA'ADEN 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.
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
. The smelter is slated to start production in 2013 while the refinery would come online in 2014.
.
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
Saudi Arabia
The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
. 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
Riyadh
Riyadh is the capital and largest city of Saudi Arabia. It is also the capital of Riyadh Province, and belongs to the historical regions of Najd and Al-Yamama. It is situated in the center of the Arabian Peninsula on a large plateau, and is home to 5,254,560 people, and the urban center of a...
with several subsidiaries.
On 20 December 2009, Ma'aden signed an agreement with US aluminium giant Alcoa
Alcoa
Alcoa Inc. is the world's third largest producer of aluminum, behind Rio Tinto Alcan and Rusal. From its operational headquarters in Pittsburgh, Pennsylvania, Alcoa conducts operations in 31 countries...
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
Ras Al-Zour
Ras Al-Khair is a town and port currently under development on the eastern coast of Saudi Arabia 60 km north of Jubail...
. The smelter is slated to start production in 2013 while the refinery would come online in 2014.
Corporate and Subsidiaries
Ma'aden Corporate (HQ): Based in RiyadhRiyadh
Riyadh is the capital and largest city of Saudi Arabia. It is also the capital of Riyadh Province, and belongs to the historical regions of Najd and Al-Yamama. It is situated in the center of the Arabian Peninsula on a large plateau, and is home to 5,254,560 people, and the urban center of a...
.
- Ma'aden Gold CompanyMaaden GoldMaaden Gold is the largest subsidiary company of Maaden, active in gold, silver and base metals mining...
: based in JeddahJeddahJeddah, Jiddah, Jidda, or Jedda is a city located on the coast of the Red Sea and is the major urban center of western Saudi Arabia. It is the largest city in Makkah Province, the largest sea port on the Red Sea, and the second largest city in Saudi Arabia after the capital city, Riyadh. The...
, Gold and base metals. - Ma'aden Phosphate Company: based in KhobarKhobarKhobar is a large city located in the Eastern Province of the Kingdom of Saudi Arabia on the Persian Gulf. It has a population of 360,000 and forms part of the greater Dammam metropolitan area along with Dhahran, which together have a combined population of over two million...
, phosphate industry, with joint venture partner SABICSABICSABIC is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. It is the largest public company in Saudi Arabia as listed in Tadawul, but the Saudi government still owns 70% of its shares...
. - Ma'aden Aluminum Company: based in KhobarKhobarKhobar is a large city located in the Eastern Province of the Kingdom of Saudi Arabia on the Persian Gulf. It has a population of 360,000 and forms part of the greater Dammam metropolitan area along with Dhahran, which together have a combined population of over two million...
, aluminum industry, with joint venture partner AlcanAlcanRio Tinto Alcan Inc. is a Canadian company based in Montreal. It was created on November 15, 2007 as the result of the merger between Rio Tinto PLC's Canadian subsidiary, Rio Tinto Canada Holding Inc., and Canadian company Alcan Inc. On the same date, Alcan Inc. was renamed Rio Tinto Alcan Inc..Rio...
.- Ma'aden Rolling Company
- Ma'aden Smelter Company
- Ma'aden Infrastructures Company: based in KhobarKhobarKhobar is a large city located in the Eastern Province of the Kingdom of Saudi Arabia on the Persian Gulf. It has a population of 360,000 and forms part of the greater Dammam metropolitan area along with Dhahran, which together have a combined population of over two million...
, gold and base metals. - Ma'aden Industrial Minerals Company: Based in JeddahJeddahJeddah, Jiddah, Jidda, or Jedda is a city located on the coast of the Red Sea and is the major urban center of western Saudi Arabia. It is the largest city in Makkah Province, the largest sea port on the Red Sea, and the second largest city in Saudi Arabia after the capital city, Riyadh. The...
. - Magnesite Projects: Based in MedinaMedinaMedina , or ; also transliterated as Madinah, or madinat al-nabi "the city of the prophet") is a city in the Hejaz region of western Saudi Arabia, and serves as the capital of the Al Madinah Province. It is the second holiest city in Islam, and the burial place of the Islamic Prophet Muhammad, and...
- Zinc and Copper Projects
Ma'aden Projects
Ma'aden’s projects are currently developing or operating at the following sites in Saudi Arabia:Al Jalamid
Jalamid
- Transport :It has phosphate deposits and is therefore the probable destination of a branch railway of the Saudi Railways Organization.- External links :*...
- 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