Maaden (company)

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.

Not to be confused with Maaden.
Saudi Arabian Mining Company (MA'ADEN)
TypeGovernment-owned corporation of the Kingdom of Saudi Arabia
ISINSA123GA0ITH7 Edit this on Wikidata
IndustryExploration of mining sites, Gold, world-class phosphate, aluminium, industrial minerals and copper concentrate operations.
Founded1997 (1997)
HeadquartersRiyadh, Saudi Arabia
Key people

Chairman:
H.E. Yasir Bin Othman Al-Rumayyan
President, CEO:
Robert Wilt (Bob)
ProductsGold, Silver, Phosphate, Aluminum, Base metals
Revenue26,769 billion SAR (2021)[1]
Total assets97,657,597,000 Saudi riyal (2019) Edit this on Wikidata
Number of employees
+8000 (2021)
Websitewww.maaden.com.sa

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]

Ma'aden Corporate (HQ): Based in Riyadh.

  • Ma'aden Gold Company: based in Jeddah, Gold and base metals.[5]
  • Ma'aden Phosphate Company: based in Ras Al-Khair, phosphate industry, with joint venture partner SABIC.[6]
  • Ma'aden Aluminum Company: based in Ras Al-Khair, aluminum industry, with joint venture partner Alcoa.[7]
    • Ma'aden Rolling Company
    • Ma'aden Smelter Company
    • Ma'aden Mining and Refinery Company
  • Ma'aden Infrastructures Company: based in Ras Al-Khair, Housing.[8]
  • 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:[9]

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 (Closed)

As Suoq - Gold and Base Metals

Ad Duwayhi - Gold and Base Metals

Al Amar - Gold and Base Metals

Mansourah Masarrah - Gold and Base Metals

References
  1. "Maaden - Results Centre".
  2. "Bechtel to Develop Ras Azzour Smelter - U.S.-Saudi Arabian Business Council". Archived from the original on 28 September 2013. Retrieved 24 September 2010.
  3. Business : Saudi Maaden signs $10.8 bln deal with US Alcoa
  4. Al-Naimi, Ali (2016). Out of the Desert. Great Britain: Portfolio Penguin. pp. 248–249. ISBN 9780241279250.
  5. Gold and Base Metal co Archived 2009-05-30 at the Wayback Machine
  6. co
  7. Aluminum co
  8. Infrastructure co Archived 2009-06-14 at the Wayback Machine
  9. Ma'aden – Saudi Arabian Mining Company Archived 2009-10-13 at the Wayback Machine
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