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Saudi Arabian Mining Company (Maaden) will start initial production at its aluminium smelter next month.
Maaden and Alcoa teamed up in 2009 to build a US$10.8bn aluminum complex at Ras al-Khair on the Gulf coast, which is fast becoming a Saudi mining centre.
The smelter will have a capacity of 740,000 tonnes per year and production will be ramped up gradually to that level, Maaden said on Wednesday.
In addition, the partners are developing a bauxite mine with the capacity to produce 4m tonnes of the raw material for the plant a year, and a metal rolling mill with a capacity of up to 460,000 tonnes.
The first phase of the project, which includes the smelter and the rolling mill, should be running by 2013, while the mine and a refinery are expected to open in 2014, executives from the two companies have said.
It is so sad to see Kuwait deteriorate in this way...can it not learn for its neighboring countries such as UAE and Qatar. So what are the values that... more
Saturday, 18 May 2013 8:47 PM - MikeYes - you're missing something. There was already at least one loan on the property of $700m plus Kerzner's 50% stake of $250m and Istithmar's $250m stake... more
Saturday, 18 May 2013 7:18 PM - Jerry YamateEnough with the startup/SME bandwagon jumping already! SME's need startup capital and loans, not some sharks dying to be the middle man and be cut in for... more
Saturday, 18 May 2013 10:24 PM - HishamOh Come on ...guys, I wonder how come this news became the most commented news headline...this isn't a social issue at all, this is just a news about... more
Saturday, 18 May 2013 4:56 PM - BaijuIslam is not better than any other religion, to all the muslims out there, stop putting yourself on a pedestal, you are filled with self importance that... more
Tuesday, 14 May 2013 9:58 AM - graemeWorkers rights - there are none anywhere in the Gulf and I have been here over 20 years. You are still merely a 'temporary expatriate worker' whether ... more
Monday, 13 May 2013 9:40 AM - StevenOh Come on ...guys, I wonder how come this news became the most commented news headline...this isn't a social issue at all, this is just a news about... more
Saturday, 18 May 2013 4:56 PM - BaijuIslam is not better than any other religion, to all the muslims out there, stop putting yourself on a pedestal, you are filled with self importance that... more
Tuesday, 14 May 2013 9:58 AM - graeme
Who cares.......the most powerfull Arab is this NEWS
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