Ma'aden (stylized MA'ADEN; ), also known as the Saudi Arabian Mining Co., is a Saudi state-owned mining company headquartered in

Riyadh Riyadh is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. Located on the eastern bank of Wadi Hanifa, the current form of the metropolis largely emerged in th ...

. It was formed as a Saudi joint stock company on 23 March 1997 for the purpose of facilitating the development of Saudi Arabia's mineral resources. The Saudi government still owns 50% of its shares while the remaining 50% are listed in

Tadawul Saudi Exchange () or Tadāwul () is a stock exchange in Saudi Arabia. Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal f ...

(Stock Market). It is the largest mining company in

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...

Corporate and subsidiaries

On 20 December 2009, Ma'aden signed an agreement with US aluminium giant

Alcoa Alcoa Corporation (an acronym for "Aluminum Company of America") is an American industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary alu ...

to build a $10.8 billion aluminium complex. Under the agreement, the two firms will build a 1.8 million tonnes per year aluminium refinery and a 750,000 tonnes per year smelter in Ras Al-Zour. The smelter is slated to start production in 2013 while the refinery would come online in 2014. The company was primarily focused on developing the Kingdom's gold mining operations. Ras Al-Khair's complex includes a

diammonium phosphate Diammonium phosphate (DAP; IUPAC name diammonium hydrogen phosphate; chemical formula (NH4)2(HPO4)) is one of a series of water- soluble ammonium phosphate salts that can be produced when ammonia reacts with phosphoric acid. Solid diammonium ph ...

plant, an alumina refinery,

smelter Smelting is a process of applying heat and a chemical reducing agent to an ore to extract a desired base metal product. It is a form of extractive metallurgy that is used to obtain many metals such as iron, copper, silver, tin, lead and zin ...

and rolling mill associated with the Alco joint venture, and links by rail to the phosphate mine in Waad Al-Shamal. Ma'aden Corporate (HQ): Based in

. *Ma'aden Gold Company: based in

Jeddah Jeddah ( ), alternatively transliterated as Jedda, Jiddah or Jidda ( ; , ), is a List of governorates of Saudi Arabia, governorate and the largest city in Mecca Province, Saudi Arabia, and the country's second largest city after Riyadh, located ...

, Gold and base metals. *Ma'aden Phosphate Company: based in

Ras Al-Khair Ras Al-Khair (Also called Ras Az-Zour, Ras Azzour) is a town and port currently under development in the Eastern Province of Saudi Arabia. It is on the eastern coast, over 100 km (61 mi) north of Jubail. It is also known under its projec ...

, phosphate industry, with joint venture partner

SABIC Saudi Basic Industries Corporation (), known as SABIC (), is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers and fertilizers. It is the second ...

. *Ma'aden Aluminum Company: based in

, aluminum industry, with joint venture partner

. **Ma'aden Rolling Company **Ma'aden Smelter Company **Ma'aden Mining and Refinery Company *Ma'aden Infrastructures Company: based in

, Housing. *Ma'aden Industrial Minerals Company: Based in

. *Magnesite Projects: Based in

Medina Medina, officially al-Madinah al-Munawwarah (, ), also known as Taybah () and known in pre-Islamic times as Yathrib (), is the capital of Medina Province (Saudi Arabia), Medina Province in the Hejaz region of western Kingdom of Saudi Arabia, ...

*Zinc and Copper Projects

Ma'aden projects

Ma'aden's projects are currently developing or operating at the following sites in Saudi Arabia: Al Jalamid - The Phosphate Project Ras AZ-Zour (Ras Al Khair) - The Phosphate and Aluminium Projects Az Zabirah - The Aluminium and Industrial Minerals Projects Zarghat - Industrial Minerals Project Mahd ad Dahab - Gold and Base Metals Sukhaybarat - Gold and Base Metals Bulghah - Gold and Base Metals Al Hajar - Gold and Base Metals (Closed) As Suoq - Gold and Base Metals Ad Duwayhi - Gold and Base Metals Al Amar - Gold and Base Metals Mansourah Masarrah - Gold and Base Metals

References

External links

Maaden Official Website
{{Portal, Saudi Arabia 1997 establishments in Saudi Arabia Companies established in 1997 Mining companies of Saudi Arabia Government-owned companies of Saudi Arabia Companies based in Riyadh Companies in the MSCI Tadawul 30 Index