Saudi Arabian Mining Co. — Capital/Financing Update 2012

Mar 5, 2012

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES ADDITIONAL PRODUCT CAPABILIT IN THE ALUMINIUM PROJECT

1211 · 05/03/2012 16:05:09 · Announcement #24514 · View on Saudi Exchange

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES ADDITIONAL PRODUCT CAPABILIT IN THE ALUMINIUM PROJECT

Saudi Arabian Mining Company ( Maaden ) announces additional product capability in the aluminium project to produce automotive heat-treated and non-heat-treated sheet, building and construction sheet and foil stock sheet.

The extended product line will have a capacity of 100,000 metric tonnes and the production is expected to begin at the end of 2014.

Details related to the project financing will be announced in due course.

The aluminium project is a joint venture between Saudi Arabian Mining Company (Maaden) and Alcoa of which Maaden ownes (74.9%) and Alcoa (25.1%).

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