Ma’aden signs magnesite deal
Published: Monday, 17 August 2009
Saudi-owned miner in $25m. deal for new 140,000 tpa magnesite processing plant
State-controlled Saudi Arabian Mining Co.
(Maaden) has signed an agreement with Saudi engineering
firm Olayan Descon to build a 140,000 tpa magnesite ore
processing facility, which will be constructed at a cost of
95m. riyals (around $25.3 m.).
Maaden will source high-grade magnesite from its