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Saudi Ma'aden, Alcoa start operations at aluminum plant  Join our daily free Newsletter

MENAFN - 02/09/2014
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(MENAFN) Saudi Arabian Mining Co (Ma'aden) announced the start of its joint aluminum smelter commercial operations with U.S.-based Alcoa, Gulf Business reported.

The aluminum plant at Ras al-Khair, worth around USD10.8 billion located on the Gulf coast of Saudi Arabia, has a production capacity of 740,000 tons a year of aluminum, with commercial operations to beginffecting Ma'aden's financials starting from the July-August period and onwards.


Alcoa said that this Saudi joint plant is important to both companies due to its size and its lowest production costs in the world, which is important due to the industry's continuous attempts to cut expenses. Alcoa owns 25 per cent of the joint venture, while Ma'aden holding the rest.

 
 


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