Saudi’s Ma’aden Angling to Expand Operations Overseas, Refinance Aluminium Smelter Loans
Saudi Arabian Mining Company (Ma’aden) told domestic media over the weekend that it intends to expand outside the kingdom’s borders,...
Maaden
Alcoa Transfers Interest In Aluminium Rolling Mill Joint Venture To Ma’aden
Pittsburgh aluminium pioneer Alcoa Corporation announced yesterday the amendment of its joint venture with Saudi Arabian Mining Company (Ma’aden), which will have the firm transfer its interest in a portion of the aluminium complex to Ma’aden along with a cash payment of...
Saudi’s Ma’aden Seeks to Refinance US$2.88 Billion for Expansion of Aluminium Complex
Saudi Arabian Mining Company (Ma’aden) is reportedly seeking to refinance US$2.88 billion in debt accrued by subsidiary Ma’aden Aluminium Company....
Strong Aluminium, Alumina Production Boost Ma’aden’s Q1 Numbers
Riyadh’s Saudi Arabian Mining Company (Ma’aden) turned in strong financial numbers last quarter thanks in large part due to significant...
Events
Saudi’s Ma’aden Inks Agreement to Supply Aluminium Parts with Domestic Automaker
Riyadh’s Saudi Arabian Mining Company (Ma’aden) announced a partnership last month with the Saudi Arabia National Automotive Manufacturing Company (SANAM) to increase the aluminium content in vehicles made in the Kingdom of Saudi Arabia. Details were sparse, but the company indicated that the joint venture between it and American aluminium firm Alcoa has already yielded […]
Norsk Hydro Names Silvio Porto EVP of Bauxite and Alumina
Norsk Hydro announced yesterday that Silvio Porto has been appointed the new Executive Vice President Bauxite and Alumina and has been added as a member of Hydro’s Corporate Management Board. The nomination took effect yesterday as well. Porto, who is a native of Belém, the capital and largest city of the Brazilian state of Pará, […]
US$35 BN Saudi Arabian Minerals Project to Launch Tomorrow
Saudi Arabian King Salman bin Abdulaziz Al Saud is scheduled to open a US$35 billion minerals project in the kingdom’s Eastern Province on Tuesday. The project, in the city of Ras Al-Khair, includes an aluminium smelter, a port for the export of primary aluminium, and a facility for aluminium recycling. The project is part of […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
