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Saudi Arabian Mining Co. — Capital/Financing Update 2012
Nov 21, 2012
53264_rns_2012-11-21_f81a3d6b-e1a8-4bb4-89df-9fbbbc2e14f0.html
Capital/Financing Update
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SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE INITIAL ALUMINIUM METAL PRODUCTION DATE FROM THE SMELTER IN RAS AL KHAIR
1211 · 21/11/2012 09:02:38 · Announcement #27707 · View on Saudi Exchange
SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE INITIAL ALUMINIUM METAL PRODUCTION DATE FROM THE SMELTER IN RAS AL KHAIR
Further to the Companys announcement on 3/1/1431H corresponding to 20/12/2009G, Saudi Arabia Mining Company (Maaden) announces that its subsidiary Maaden Aluminum Company thats 74.9% owned by Maaden and 25.1% owned by Alcoa will start its initial aluminium metal production in Saudi Arabia from its smelter on 12.12.2012.
The production will be in its ramp-up stage until reaching gradually its designed capacity of 740 kmt per year, following the industry best practice
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.