Saudi Arabian Mining Company (Maaden)
Saudi Arabian Mining Company, Ma'aden is one of the world's fastest growing mining and mineral materials company and the largest mining company in the Middle East. We are the pioneers of the mining industry in the Kingdom of Saudi Arabia.
Ma'aden's vision is to be a leader in sustainable mining with a global presence.
Maaden is making great efforts to implement a strategy of operational, capital and commercial excellence built on a strong foundation of sustainability and capacity building. Nationally, it aspires to be the national mining pioneer in the Kingdom of Saudi Arabia and to explore further growth opportunities in the fields of phosphates, aluminum, gold, base metals and industrial minerals while striving to stimulate the growth of the mining sector as a whole.
Globally, Maaden is pursuing a growth strategy by utilizing Saudi resources and investing in acquisitions and expansion growth projects related to the mining industry.
Saudi Arabian Mining Company (Maaden)
Maaden is a leading mining and minerals company in the Kingdom of Saudi Arabia, with a diversified portfolio of mineral assets in various stages of development including: exploration, development and production. Ma'aden focuses on commodities that include gold, zinc, phosphates, aluminum and industrial metals, and is constantly evaluating entry opportunities into new commodities that demonstrate strong long-term fundamentals and opportunities for growth, in line with our strategy.
our vision
Ma’aden’s vision is to be a “leading sustainable mining company with a global presence”
our mission
Maaden's mission is to lead the development of the mining industry in Saudi Arabia, by maximizing the value of mineral resources, while developing it into a global Saudi mining giant.
Strategic Metals 2040
Ma'aden is making steady progress towards its goal of becoming a global Saudi leader in mining and a sustainable contributor to the realization of Saudi Arabia's Vision 2030.
Saudi Arabia has a large, relatively unexplored mineral potential compared to other mature mining markets, with $1.3 trillion worth of unexplored mineral assets. With the right combination of investments and resources, we will be able to unlock the true potential of the mining sector in Saudi Arabia.
Ma'aden will achieve its 2040 goals through four strategic pillars:
Pillar 1: Focus on value
Focusing on upstream work by diversifying our product portfolio towards high value products, enhancing intimacy with our customers and positioning the value chain.
Pillar 2: Utilizing Saudi Arabia's Resources
We will increase production capabilities in existing value chains and will continue our investment in exploration and mining of Saudi Arabia's rich minerals, valued at approximately $1.3 trillion, to grow our business and add new minerals to our portfolio.
Pillar 3: Environmental, Social and Corporate Governance Leadership
We will become a local role model in the field of environmental, social and corporate governance in the Kingdom and contribute to the achievement of the ESG objectives of the nation.
Align with the Saudi Green Initiative, by reducing our CO2 emissions by 2050, take a balanced approach and choose initiatives that consider their financial implications, increase the proportion of women and Saudi nationals in our workforce, and work with suppliers that meet ESG requirements.
Pillar 4: Increasing Productivity
Increase our productivity drive by adopting new technology, innovating our operations, and investing in our people to maximize value.
Ma'aden's operations and business are organized into five Strategic Business Units (SBUs):
exploration
Gold and base metals
phosphate
industrial metals
Aluminium
Ma'aden's operations also include the activities of the wholly owned subsidiary of Ma'aden Infrastructure Company (MIC), which handles a wide range of infrastructure construction and management needs for Ma'aden companies.
exploration
Saudi Arabian Mining Company Mineral exploration is an essential component of Ma'aden's business and strategic growth. Ma'aden aims to maintain a range of resources to maintain, grow and diversify its business. Ma'aden applies the latest technology to explore, discover and evaluate new mineral resources to replace or replenish existing ore reserves that are being consumed by a rapidly growing metals business. Ma'aden's exploration licenses have been approved by the Government of the Kingdom of Saudi Arabia. Ma'aden continues to apply for new exploration licenses to support its growth.
In 2019, Ma'aden raised the exploration budget to US$66.7 million (SAR 250 million) with a focus on drilling mini-fields, as well as assessing potential greenfield targets. Ma'aden continues to drill at exploration sites within its exploration licenses, as Ma'aden's recent exploration activities have identified additional new mineral deposits. This is expected to increase Ma'aden's confidence level.
Ma'aden continues to conduct a full gap analysis in its safety and environmental procedures and implement the resulting recommendations. One of the measures Maaden has taken is to install real-time satellite tracking of all field vehicles operating in remote areas to allow monitoring and rapid response in the event of an emergency.
Gold and base metals
Gold has a special place in Ma'aden as the first commodity to be mined by the company. They provided the basis for our subsequent growth and diversification into base minerals. The Mahd al-Zahab mine (translated as "cradle of gold") is perhaps our most famous operation. It dates back to the beginning of recorded time, with evidence to suggest that the process was actively mined 3,000 years ago.
Ma'aden Gold and Base Metals Company (MGBM)
MGBM is a wholly owned subsidiary of Ma'aden. Gold accounts for the majority of MGBM's revenue, while copper, silver and zinc account for the remainder.
Gold deposits are found throughout the Central Arabian Gold Zone of Saudi Arabia, a large geological region that stretches from the coast of the Red Sea to central Saudi Arabia.
The development of the Central Arabian Gold Region presents a challenge due to its remote location and limited water availability.
To enable the gold operations, Maaden has developed and operates a 450-kilometre water pipeline to bring treated wastewater from the city of Taif in the Makkah region of Saudi Arabia to the mine sites. This environmentally sustainable solution is the first example of a large-scale use of treated wastewater for industrial purposes in Saudi Arabia.
phosphate
Phosphate is a natural form of the element phosphorous, one of the three essential nutrients, with nitrogen and potassium being the other two, essential for photosynthesis and crop growth. Ma'aden mines phosphate rock and processes it into various products of ammonium phosphate fertilizers. Ma'aden is rapidly becoming among the major players in the global phosphate trade. As the world's population continues to grow, the demand for protein-rich foods increases, while the per capita share of arable land decreases.
Fertilizers, including phosphate fertilizers containing ammonia, play an important role in increasing crop yields and contributing to the stability of food supplies around the world. The global demand for phosphorous is increasing by about 1.4% annually. With our phosphate deposits located in northern Saudi Arabia, and proximity to promising markets in South Asia and East Africa, we are in a strong position to serve global needs. Moreover, Saudi Arabia is now a major player in the global stability of the food supply.
Maaden Phosphate Investment consists of several focused works:
Maaden Phosphate Company (MPC)
MPC is a joint investment of US$5.6 billion (SAR21 billion) of which Ma'aden owns 70%. It operates from two main locations: Al Jalamid in the northern region of Saudi Arabia, where the phosphate mine and enrichment plant is located, and Ras Al-Khair Industrial City in the Eastern Province of Saudi Arabia, where the integrated Ma'aden fertilizer production complex is located. Located.
Ma'aden's phosphate mine produces approximately 11.6 million tons of ore per year, while the refinery plant produces up to 5 million tons of concentrated phosphate rock annually. Ma'aden has made significant infrastructure investments in Al Jalamid, building a power plant, a potable water production plant, and communications facilities. This is in addition to the road transport network that enables Ma'aden to prospect and produce phosphates.
industrial metals
In addition to petroleum, natural gas, and mineral wealth, Saudi Arabia is also blessed with industrial minerals - materials other than fuels, minerals, or precious stones mined for their commercial value. They are part of a variety of products we use in our daily lives from construction to ceramics and paint to plastics.
Ma'aden Industrial is produced by Ma'aden Industrial Minerals Company (MIMC), which was established in 2009 as a wholly owned subsidiary of Ma'aden. It specializes in extracting and adding value to the vast deposits of industrial minerals in the Kingdom which include low quality bauxite (LGB), kaolin and caustic calcined magnesite (CCM). Ma'aden's industrial production of metals is used to meet the needs of Ma'aden's subsidiaries, while providing the remaining production to Saudi and GCC customers. Ma'aden operations include:
A low grade kaolin and bauxite mine in the central region of the Zubairah deposit in the Hail region of Saudi Arabia.
High quality magnesium mine in Ghazala
Processing plant in Medina.
Aluminium
Saudi Arabian Mining Company Aluminum, one of the most versatile and recyclable metals in the world, is a fitting symbol of Maaden's evolution as a company. Just as aluminum is forged and changed into a wide variety of commodities, its development has transformed Ma'aden into a world-class company focused on the future.
After oxygen and silicon, aluminum is the third most abundant and most abundant element in the crust of our planet. It is also the most widely used non-ferrous metal, with its production exceeding that of every metal except iron. Its properties - including light weight, high strength, high conductivity, corrosion resistance and adaptability - make it a staple in industry and commerce around the world, used for everyday purposes from soda cans and frying pans to power lines and aircraft.
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