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July 2008. Saudi Arabian Mining Co (Maaden) said an aluminium venture it is developing with Rio Tinto will cost $530 million more than expected, or SR28.24 billion ($7.53 billion), because of higher prices.

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RELATED ARTICLES: Maaden shareholders deal for $7bn phosphate plant l Ma''aden to appoint phosphate contractor by Q4 l Ma''aden inks deal to build Saudi phosphate plant The Saudi Arabian Mining Company, Ma''aden, has announced that the aluminium rolling mill operated by subsidiary Ma''aden Rolling Company has begun operations.

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Saudi Arabian Mining Company (Maaden) announces the developments of the use of proceeds from its rights issue shares subscription, which was held during the period to, where the received gross proceeds amounted to SAR 5.6 billion.

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Aluminium - Maaden | Saudi Arabian Mining Company Aluminium, one of the world''s most versatile metals, is a fitting symbol of our evolution as a company. Just as aluminium is shaped and changed into a wide range of goods, its development has shaped and changed Ma''aden into a world-class, future-focused company.

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The mining plan has been optimized as a five-year operation to produce a recoverable 260,000 oz of gold and over 1 million oz of silver at a mining rate of 700,000 tons per annum of ore. The area is known to contain other resources.

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Maaden Mining Ma''aden Aluminium (MA) is a joint venture between the Saudi Arabian Mining Company (Ma''aden) and Alcoa. Once fully completed, the US$10.8b project will become the largest and most efficient integrated aluminium complex in the world.

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Saudi Arabian Mining Company (Maaden) has restarted one of the two potlines at its new aluminum smelter in Saudi Arabia, the company said on Sunday. The $10.8-billion aluminum plant at Ras al ...

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