Otherwise known as Ma’aden, Saudi Arabian Mining Company explores and extracts phosphates, aluminum, and precious metals such as gold, silver, magnesium and zinc. It has a production capacity of 9.4 tonnes and 14.2 tonnes of gold and silver a year, and mines an area of roughly 60,000 sq. km in the Arabian Peninsula.
To date Ma’aden’s activities have focused on its active gold business which has grown in recent years to include the operation of five mines: Mahd Ad Dahab, Al Hajar, Sukhaybarat, Bulghah, and Al Amar.
In July 2008, Ma’aden floated on the Saudi stock exchange, offering half of the company’s shares to the public.