image description
image description
Tell A Friend

FinancialNews


  • 30-06-10

    Saudi Maaden approves $4.5b financing arrangement

    (MENAFN) A statement released by the Saudi Arabian Mining Co (Maaden) said that the company?s board had agreed on a $4.5 billion financing plan for the first phase of a joint aluminum plant with US firm Alcoa, Reuters reported. According to the statement, the financing will be provided by a group of local and foreign banks, as well as Saudi Arabia?s Public Investment Fund and the Industrial Investment Fund. The joint venture started work on the $10 billion complex, which it said will be the world?s largest fully integrated aluminum complex, earlier this month. The complex will include a bauxite mine and an alumina refinery, aluminum smelter and rolling mill at Ras Al-Zour.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved