The Saudi Arabian Mining Company, Ma’aden is engaged in the development of two world scale projects in the Kingdom of Saudi Arabia, and the operation and expansion of its mining business in gold, base metals and industrial minerals. The next five years will see the company develop world scale mines and industrial facilities across the Kingdom representing the largest industrial diversification since the development of the Saudi petrochemical industry.
The first of the company’s mega projects mentioned above is the world’s largest integrated phosphate fertilizer project; mining the raw material at Al Jalamid in the Northern Province and transporting it to the new minerals industry complex at Ras Az Zawr for processing and export. The project, due for completion in 2010 will produce 2.92 million tons per year of DAP when at full capacity.
The second mega-project will be the largest, vertically integrated mine-to-metal operation of its type in the world and is a joint venture with Alcoa. Bauxite reserves will be mined at Al Ba’aitha in the Central Province and then transported also via the new Saudi Arabian Railway to Ras Az Zawr for refining and smelting. The project also includes the development of a rolling mill at Ras Az Zawr.
Ma’aden currently operates five gold mines in the Central and Western Provinces and plans to expand that number in the near future. It currently has over 10 million ounces of gold reserves including those in the Central Arabian Gold Region and extensive interests in exploration for precious and base metals and industrial minerals.
Ma’aden’s headquarters are in Riyadh and the company also has offices in Al-Khobar and Jubail in the Eastern Province and Jeddah on the west coast of Saudi Arabia.