Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi Maaden, Alcoa aluminium smelter to start ops in December  Join our daily free Newsletter

MENAFN - 21/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Saudi Arabian Mining Company (Maaden) is set to start initial production at its Ras al-Khair aluminium smelter in December, Reuters reported.

Maaden and Alcoa teamed up in 2009 to build a USD10.8 billion aluminium complex at Ras al-Khair on the Gulf coast, which is fast becoming a Saudi mining hub.

The smelter's output will be increased gradually to 740,000 tonnes annually, Maaden said.

Maaden and Alcoa are currently developing a bauxite mine with the capacity to produce 4 million tonnes of the raw material per year, in addition to a metal rolling mill with a capacity of up to 460,000 tonnes.

Official from both partners expected phase 1 of the project, which includes the smelter and the rolling mill, is expected to be completed next year, while the mine and a refinery are expected to open in 2014.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help