Refinery at Ma’aden-Alcoa Joint Venture Produces First Alumina from Saudi Bauxite
December 21 2014 - 6:43AM
Business Wire
Milestone marks commencement of fully
integrated operations from mine to metal at Ma’aden Aluminium
The Saudi Arabian Mining Company (Ma’aden) and lightweight
metals leader Alcoa (NYSE:AA) today announced that the alumina
refinery at their joint venture aluminum complex in Saudi Arabia
has successfully produced its first alumina from Saudi Arabian
bauxite. The alumina refinery at Ras Al Khair is the first ever
refinery to be constructed and operated in the region.
The milestone marks the commencement of the final link in the
supply chain of this fully integrated aluminum facility. The
alumina refinery will refine Saudi Arabian bauxite, supplied from
Ma’aden Aluminium’s mine at Al Ba’itha and transported by 600 km
rail to Ras Al Khair. The alumina from this refinery will feed into
the Ma’aden Aluminium Smelter which produces the aluminum needed
for the Ma’aden Aluminium Rolling Mill. This fully integrated chain
delivers operational efficiency and creates the most competitive
aluminum complex in the world.
Once fully operational the refinery will produce 1.8 million
mtpy of alumina. The alumina will be transported by conveyor to the
adjacent smelter to produce 740,000 mtpy of high quality aluminum
products for customers in the Gulf region and in international
markets.
“We are building a minerals and metals industry in Saudi Arabia
that maximizes the value of the nation’s mineral resources;
contributes to sustainable economic diversification and shareholder
value; provides high value job opportunities for Saudis and a
reliable supply of quality products to our global customers. This
milestone marks a significant moment for our industry in Saudi
Arabia and the broader GCC region,” said Khalid Mudaifer, President
and CEO of Ma’aden.
“As the lowest cost aluminum complex in the world, the Ma’aden
Alcoa joint venture is an important plank of Alcoa’s strategy to
create a globally competitive commodity business,” said Klaus
Kleinfeld, Alcoa Chairman and Chief Executive Officer. “The first
alumina milestone is another demonstration of our disciplined
execution as we transform Alcoa to create sustainable shareholder
value.”
About the Ma’aden Alcoa joint ventureIn its initial
phases, the joint venture will develop a fully integrated
industrial complex which will become the world's preeminent primary
aluminum, alumina and aluminum products, with access and proximity
to growing world markets. The complex comprises:
- A bauxite mine with an initial capacity
of 4,000,000 metric tons per year
- An alumina refinery with an initial
capacity of 1,800,000 metric tons per year
- An aluminum smelter with an initial
capacity of 740,000 metric tons per year
- The rolling mill, with initial capacity
of 380,000 metric tons per year.
About Ma’adenMa’aden is a leading mining and metals
company in the Kingdom of Saudi Arabia, with a diverse portfolio of
mineral assets at various stages of development including
exploration, development and production. Ma’aden has a broad
commodity focus spanning gold, phosphate, aluminum, magnesia,
low-grade bauxite, industrial minerals, and is continually
assessing opportunities to enter into new commodities that
demonstrate strong long-term fundamentals and opportunities for
growth. Ma’aden’s objective is to become a world class diversified
mining and minerals company, and to enhance overall value for its
shareholders. Its mission is to be a profitable, publicly owned,
international mining company, while maintaining the utmost concern
for human resources, health, safety, environmental and social
issues. For more information please visit. www.maaden.com.sa.
About AlcoaA global leader in lightweight metals
technology, engineering and manufacturing, Alcoa innovates
multi-material solutions that advance our world. Our technologies
enhance transportation, from automotive and commercial transport to
air and space travel, and improve industrial and consumer
electronics products. We enable smart buildings, sustainable food
and beverage packaging, high-performance defense vehicles across
air, land and sea, deeper oil and gas drilling and more efficient
power generation. We pioneered the aluminum industry over 125 years
ago, and today, our approximately 62,000 people in 30 countries
deliver value-add products made of titanium, nickel and
aluminum, and produce best-in-class bauxite, alumina and primary
aluminum products. For more information, visit www.alcoa.com,
follow @Alcoa on Twitter at www.twitter.com/Alcoa and follow us on
Facebook at www.facebook.com/Alcoa.
AlcoaInvestor ContactKelly Pasterick,
212-836-2674Kelly.Pasterick@alcoa.comorMedia Contacts:AlcoaMonica
Orbe, 212-836-2632Monica.Orbe@alcoa.comorSonya Harden Elam,
Communications Director, Alcoa GPP,
864-836-2078Sonya.Elam@alcoa.comorMa'adenSaleh S. Alshubaili,
Manager, External Communication and Branding, 966 01 874 9385
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