Maaden (company)


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 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 remaining 50% are listed in Tadawul. The company is structured with corporate headquarters 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.
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.

Corporate and subsidiaries

Ma'aden Corporate : Based in Riyadh.
Ma'aden's projects are currently developing or operating at the following sites in Saudi Arabia:
Al Jalamid - The Phosphate Project
Ras Az-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
As Suoq - Gold and Base Metals
Ad Duwayhi - Gold and Base Metals
Al Amar - Gold and Base Metals