2025-08-28 Maaden to power bauxite mine in Saudi Arabia with solar energy

Aug. 27, 2025 - A unit of Saudi mining company Maaden has signed a deal with Abu Dhabi-based solar firm Emerge to power its Al Baitha bauxite mine in eastern Saudi Arabia with solar energy. Emerge, a joint venture between Abu Dhabi clean energy company Masdar and France’s EDF, will develop, build and ope...

2025-07-03 Ma'aden acquires bauxite, alumina & aluminium stakes from Alcoa

Jul. 3, 2025 - Ma'aden, Saudi Arabian Mining Company, on July 1, 2025 finalised its acquisition of almost 25.1% stakes in MBAC (Ma'aden Bauxite and Alumina Company) and MAC (Ma'aden Aluminum Company), two critical pieces of Saudi Arabia's aluminum value chain. Previously, Alcoa held a 25.1% ownership stake ...

2025-06-06 Ma'aden's Saudi Arabian aluminium transaction inches closer

Jun. 5, 2025 - Ma’aden has received the latest regulatory approval to acquire Alcoa’s 25.1% stake in its Saudi Arabia company. On June 2, the Capital Market Authority approved Ma'aden to acquire Alcoa's 25.1% ownership in Ma'aden Aluminium Company (MAC) and Ma'aden Bauxite and Alumina Company (MBAC). In an ann...

2025-05-10 Ma’aden reports strong gains in revenue and production in Q1 2025

May 9, 2025 - A Saudi state-owned mining company, Ma’aden, also known as Saudi Arabian Mining Co., has reported a strong operational performance for the first quarter of 2024, with a year-on-year increase in alumina, primary aluminium, and flat-rolled (FRP) production. Among all the products mentioned ab...

2025-02-07 Ma’aden to acquire Alcoa’s 25.1% stake in Ma’aden bauxite and aluminium company

Feb. 6, 2025 - Here's an update about the share purchase and subscription agreement signed between Alcoa and Ma'aden on September 15, 2024. On February 4, 2025, the General Authority of Competition (GAC) approved Ma'aden to acquire Alcoa's 25.1 per cent ownership in Ma'aden Aluminium Company (MAC) and Ma'aden Ba...

2024-09-18 Saudi Ma’aden plans to sell aluminium units to Bahrain’s Alba

Sep. 17, 2024 - Saudi Arabian Mining Company, also known as Ma’aden, said on Monday that it had signed a non-binding agreement to merge its aluminium units with Aluminium Bahrain (Alba) in return for shares in the Bahraini aluminium producer. Ma’aden would sell the entire share capital of the units — Ma’aden ...

2024-09-17 Saudi Ma’aden acquires 25.1% stake in Ma’aden JV for $1.1bn

Sep. 16, 2024 - Saudi Arabian Mining Company, known as Ma’aden, said on Sunday that it has agreed to acquire US aluminium maker Alcoa’s stakes in a bauxite facility and an aluminium smelter for $150m (SAR563m) in cash and SAR3.6bn of stock in the Riyadh-based miner. “Alcoa will transfer its ownership in Ma’ad...

2024-08-13 Ma’aden’s new aluminium recycling plant at Ras Al-Khair is under pre-feasibility stage

Aug. 12, 2024 - Maaden, a Saudi state-owned mining company, has announced its Q4 2024 financial results, whereby it says its new aluminium recycling plant at Ras Al-Khair is undergoing a pre-feasibility stage. The company says its bankable feasibility stage is expected in the third quarter of 2024. The pl...