Saudi Arabia Mining Company (Ma'aden) has discontinued discussions to merge its aluminium business with Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters outside of China.

Manama, Bahrain – Aluminium Bahrain B.S.C. (Alba), the world’s largest smelter on one site, announces that Saudi Arabian Mining Company (Ma’aden) as its new strategic shareholder following the ...

In 2022, Ma’aden reduced its energy-indirect emissions by 14%. In June 2022, it signed an MoU with GlassPoint to develop a solar process heat plant to generate steam for its aluminum business. Ma’aden ...

Saudi Arabia's Ma'aden reported a sharp jump in profits, driven by record production across the business units. The miner reported its second-highest full-year revenue on record at at US$32.55 ...

Adjusted net profit stood at SAR4.32 billion, reflecting higher EBITDA excluding non-cash and non-recurring impairment charges in the aluminum and phosphate segments. Ma’aden generated SAR11.17 ...

Ma'aden, which operates in gold, aluminium and phosphates, is a key pillar in Saudi Arabia's plan to diversify its economy away from hydrocarbons and is looking to expand mining capabilities in those ...

As the world moves towards green aluminum, MA'ADEN intends to help lead the way in this transition." Under this arrangement, MA'ADEN and GlassPoint will work together developing a more sustainable ...

LONDON, February 24, 2025--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb+" (Good) of Ma’aden Re Limited (MRE ...

Aluminium Bahrain (Alba), the world’s largest smelter on one site, has announced Saudi Arabian Mining Company (Ma’aden) as its new strategic shareholder following the acquisition of SABIC’s ...

Ma’aden is the largest mining company in the Middle East. In April 2024, Ma’aden purchased Mosaic Phosphates B.V.’s shares in Ma’aden Wa’ad Al Shamal Phosphate Company, a joint venture between Ma’aden ...

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Ma’aden Re Limited (MRE) (United Arab Emirates), a captive ...