Maaden Aluminium Company (MAC), an affiliate of the Saudi Arabian Mining Company (Ma’aden), announced in a statement that it has signed a contract for the supply of calcined petroleum coke (CPC) for use in its aluminium smelter facility in Ras Al Khair.
The Contract was signed with Saudi Calcined Petroleum Coke Company (SCPC).
The value of the contract is approximately USD 40 million per annum.
The duration of the contract is five years. As part of the contract, MAC will receive an annual supply of 100,000 mt of CPC from the start of commercial production at the SCPC facility, in line with Ma’aden’s vision of localizing its CPC requirement to reach ~320,000 mt per year.
Production of CPC and supply to Ma’aden is planned to begin by the end of 2024.
The contract signing took place between Eng. Ali Al-Qahtani, President of Ma’aden Aluminium Company, and Eng. Mohammad Albibi, Board member and Managing Director of the Saudi Calcined Petcoke Company.
Through its foreign partnerships, Ma’aden has in record time become the leading company for the development of the Saudi mining and minerals sector–the third pillar of Saudi industry–and one of the fifteen largest mining companies in the world. Ma’aden is a key driver of Saudi Arabia’s position as one of the top three global producers and exporters of phosphate fertilizers.
Ma’aden is among the largest multi-commodity mining companies in the Middle East, with 17 processing and manufacturing plants, and eight bauxite, aluminium and gold & base metals mines across the Kingdom, with several new sites under development as part of the company’s long-term growth plans.
In addition to the aluminium and gold projects that continue to drive Ma’aden’s position as a local mining industry leader, the company leads several giant phosphate projects in the north and east of the Kingdom, as part of its ambition to increase the Kingdom’s contribution to global food security.
