Maaden international investment llc. Jan 12, 2023 · A new, jointly owned company will make significant investments internationally into upstream strategic minerals opportunities, securing value chains critical to industrial development and energy transition in the Kingdom. Y). 63 million, from its own resources. st, the Maaden stock 12-month target price is lower than the current share price. Jan 11, 2023 · DUBAI, Jan 11 (Reuters) - Saudi Arabian Mining Co (Ma'aden) (1211. Ma'aden pioneered the mining industry in Saudi Arabia, building a world-class, unique and fully integrated mining value chain. Jan 28, 2024 · Maaden International Investment LLC and Omani investors acquired 23. Total companies: 65496. As a result of the deal, ICT Holding is no longer a Polymetal shareholder, and ICT representative Konstantin Yanakov has resigned from Polymetal’s board of directors, Polymetal said. st According to simplywall. 9% in Polymetal International Plc to a group led by a subsidiary of Oman’s Mercury Investments International LLC, the miner said in a statement Monday May 22, 2023 · RIYADH - Saudi Arabian Mining Company (“Ma’aden” or the “Company”, 1211 on the Saudi Exchange), the largest multi-commodity mining and metals company in the Middle East, today reported its financial results for the quarter ended 31 March 2023. Details of the Connected Person: Name Maaden International Investment LLC PO-Box 89 103 North Alkhuwair Address Jan 15, 2023 · About Aluminium International Today. Holding”) by Maaden International Investment (the “Buyer”), which is a company 100% owned by a consortium of investors from the Sultanate of Oman, led by Mercury Investments International. 04 billion ($278 million) with WorleyParsons Arabia Limited and JESA International S. said on Wednesday it agreed to form a joint venture with the Kingdom’s sovereign wealth fund to invest in mining assets globally. 1 day ago · Also in this package. The two ratings reflect the leading multi-commodity producer's credit strength, commercial strength, and productivity. As a result of the deal, ICT Holding is no longer a Polymetal (POLY. . Jan 11, 2023 · RIYADH: Saudi Arabian Mining Co. Jan 29, 2024 · A consortium of Omani investors, led by the Omani government-owned fund Mercury Investments International, acquired 113,201,189 shares through Mercury's subsidiary Maaden International Investment Ma’aden completes first international acquisition, of Mauritius-based fertilizer company Meridian Group. LKdvq3mxJLXsD3KD-Bp-J1ibPUeEnb42KIsWk9B0xac. Jan 11, 2023 · Barrick Gold Corp said on Wednesday it signed new joint venture deals with Saudi Arabian Mining Co (Ma'aden) , the Gulf's largest miner, for two copper exploration projects. Jan 29, 2024 · Maaden International Investment LLC and Omani investors acquired 23. International Mining and Resources Conference (IMARC) Collaborating on trends in mining, investment and innovation towards a sustainable future. The actions also follow recent credit rating upgrades for Saudi Arabia, in line with the positive momentum generated by significant reforms driving the Kingdom’s Vision 2030. BOX 68861 Riyadh 11537; Kingdom of Saudi Arabia; Tel: +966 (0) 11 874 8000; Fax: +966 (0) 11 874 8300; info@maaden. Jan 15, 2024 · Riyadh: Saudi Arabian mining company Ma'aden have partnered with digital reality solutions company Hexagon to launch the region's first digital mine. com. sa Ma'aden International Recycling 2020 - 2024 Maaden International Recycling . 7 billion ($7. Ma’aden is becoming a key player in the long-term diversification of Saudi Arabia economy. Total publications: 334265. 9% stake in the gold and silver producer Polymetal International from the Russian company ICT Holding, according to a company statement released Monday. 9% stake in Polymetal International plc from Powerboom Investments Limited on January 28, 2024. 9% of the authorized capital) Powerboom Investments Ma’aden is becoming a key player in the long-term diversification of Saudi Arabia economy. Polymetal International plc (“Polymetal” or the “Company”) announces that 23. 29 October - 31 October 2024; ICC Sydney; Tuesday, 29 October: 9:00am - 5:30pm; Wednesday, 30 October: 9:00am - 5:30pm; Thursday, 31 October: 9:00am - 4:00pm H. 496 SAR. Learn More The Omani fund, Mercury Investments, has acquired nearly 24% of Polymetal from Alexander Nesis's ICT Holding through its subsidiary Maaden International Investment LLC. Maaden will finance its share of this investment, totaling SAR 95. The company operates several extraction sites and mines in the kingdom. Under the agreement, the two firms will build a 1. Solidcore Resources Plc (Solidcore Resources), formerly known as Polymetal International Plc is a mining company that owns a portfolio of gold and silver producing mines, and various development and exploration projects. 46% stake in GRK Amikan LLC from Polymetal International plc (OTCPK:AUCO. Contact Information. Maaden International Investment ac5489c2e412e. May 30, 2024 · Maaden International Investment LLC (дочерняя компания государственного фонда Омана Mercury Investments International LLC Jan 12, 2023 · Saudi state-owned mining Ma’aden has signed an agreement to form a joint venture (JV) with the kingdom’s Public Investment Fund (PIF) to secure strategic minerals by investing in global mining assets. Start of commercial production at the Ad Duwayhi plant. BOX 68861 Riyadh 11537 Kingdom of Saudi Arabia Tel: +966 (011) 874 8000 Fax: +966 (011) 874 8300 Investment “CORE” 2. The Aug 8, 2023 · The ratings affirm Ma’aden’s sustainable, leading low-cost base and robust financial profile, as local and international investment opportunities are assessed. Jan 28, 2024 · Maaden International Investment LLC and Omani investors acquired 23. 9% stake in Polymetal International plc from Powerboom Investments Limited. Polymetal International plc received notification on January 28, 2024 that Maaden International Investment LLC (a subsidiary of the government-owned fund Mercury Investments International LLC (MII LLC) headed by a consortium of investors from Oman) completed the acquisition of 113201189 shares of the company (23. 2015. Total products: 31986. 9 percent stake was bought for an undisclosed sum from Powerboom Investments, a subsidiary of ICT Holding, which is owned by the Russian businessman Alexander Nesis. to develop an integrated production facility in Wa’ad Al Shamal (WAS) and Ras Al Khair (RAK) industrial cities. These investments have delivered a strong mining industry in the Kingdom, which includes the production of precious and base metals and the development of entire aluminium and phosphate value chains. On 20 December 2009, Ma'aden signed an agreement with US aluminium giant Alcoa to build a $10. Mercury Investments International is state-owned company ultimately owned by the Government of Oman. Just as aluminium is shaped and changed into a wide range of goods, its development has transformed Ma’aden into a world-class, future-focused company. Details of the Connected Person: Name Maaden International Investment LLC Address Bousher PO-Box 89 103 North Alkhuwair Muscat Governorate Sultanate of Oman 3. Reason for the notification (please mark the appropriate box or boxes with an “X”)3 It is an underground mine with a Carbon-In-Leach processing facility. The new company’s initial paid-up capital will stand at SAR 187. Jan 29, 2024 · MUSCAT: Well-known gold producer Polymetal International plc has announced that a 23. SE), the Gulf's largest miner, said on Wednesday it agreed to form a joint venture with the kingdom's sovereign wealth fund to Jan 30, 2024 · Oman’s Maaden International Investment has acquired almost a quarter of the Anglo-Russian gold and silver producer Polymetal International. 8 billion aluminium complex. Jan 29, 2024 · A consortium of Omani investors, led by the Omani government-owned fund Mercury Investments International, acquired 113,201,189 shares through Mercury’s subsidiary Maaden International Ma’aden is the largest multi-commodity mining and metals company in the Middle East and among the fastest-growing mining companies in the world, with revenues of SAR 26. PIF now holds 65. Jan 29, 2024 · The consortium, led by Maaden, acquired shares from ICT Holding's subsidiary Powerboom Investments Limited, Polymetal International said. 9% stake (113,201,189 shares) was acquired from Powerboom Investments Limited, a subsidiary of ICT Holding Limited (“ICT Holding”) by Maaden International Investment LLC (the “Buyer”), which is a company 100% owned by a consortium of investors from the Contact Information. 50 million. Jan 11, 2023 · Ma'aden and PIF to set up joint venture to pursue global mining investments The partners will provide $3. The 23. [2] Jan 29, 2024 · Maaden International Investment LLC. 9% stake (113,201,189 shares) held by Powerboom Investments Limited, a subsidiary of ICT Holding Limited, has been acquired by Maaden International Investment LLC, a company 100% owned by a consortium of investors from the Sultanate of Oman, led by Mercury Investments International LLC. 1 per cent stake from Alcoa, a US aluminium producer, in their joint venture for $1. Maaden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company Jan 11, 2023 · Riyadh: Saudi Arabia’s Public Investment Fund (PIF) and the Saudi Arabian Mining Company (Ma’aden) have signed a joint venture agreement to set up a new company that aims to invest in mining Feb 1, 2023 · RIYADH: Saudi Arabian Mining Co. It contains a digest of global news, events, and statistics as well as more detailed technical articles, company and country profiles, conference reports and regular regional economic briefings. Also known as Ma’aden, the Jul 25, 2023 · Maaden International Investment LLC and Omani investors acquired 23. Jan 11, 2023 · Saudi Arabia will establish a firm to invest in mining assets internationally, as the kingdom seeks to diversify its economy from oil and secure access to strategic minerals. Contact. Jul 26, 2024 · Investment 2. O. 42 ounces of Gold in 2022. Al Amar Mine produced 27,443. MM), opens new tab, shareholder, and ICT representative Konstantin Yanakov has resigned from Polymetal's board of directors, Polymetal said. X8gc8hDhd_ibZQXykF0WVgjZagr1r_FbZsBE-OYdov557zDZMcZPmL47EQ Aluminium, one of the world’s most versatile and recyclable metals, is a fitting symbol of Ma'aden evolution as a company. Chairman - Non-Executive. May 9, 2024 · Source: simplywall. Jan 29, 2024 · The buyer, Maaden International Investment, “has confirmed its full support of Polymetal’s strategy, which includes de-risking the company’s business by disposing its Russian operation and Jan 30, 2024 · The consortium, led by Maaden, acquired shares from ICT Holding’s subsidiary Powerboom Investments Limited, Polymetal International said. Russian Nesis sells gold producer to Oman’s Mars Development Aya El Sayed Jan 29, Oct 25, 2023 · Ma’aden is 67% owned by the Public Investment Fund (PIF), the kingdom's sovereign wealth fund, and recently launched Manara Minerals, a joint venture with the PIF, to invest in mining assets abroad. 44 per cent of the company's shares. P. Dubai: Saudi Arabian Mining Company (Maaden) acquires a 25. Wallet Investor site suggests that the price of Maaden stock will decline in 2024 compared to the current price, ending the year at an average price of 43. 12 billion) in 2023. His Excellency Yasir Bin Othman Al-Rumayyan is the Chairman of the Board of Maaden - Saudi Arabian Mining Company since the end of September 2019, the Governor of the Public Investment Fund since 2015, and serves as the advisor to the General Secretariat of the Cabinet of Ministers, a position he has held since 2016. 8 million tonnes per year aluminium refinery and a 750,000 tonnes per year smelter in Ras Al-Zour. M a’aden Wa’ad Al Shamal Phosphate Company (MWSPC) MWSPC is a USD 8 billion (SAR 31 billion) joint venture investment of which Ma’aden owns 60%. MPC can produce 3 million tons of Di-Ammonium Phosphate annually, most of which is sold in the international markets. info@maadenrecycling. Aug 10, 2023 · The Saudi Arabian Mining Company (Maaden) received its first credit ratings from Moody's at "Baa1" and Fitch Ratings at "BBB+" with a "stable" outlook. 9% stake (113,201,189 shares) was acquired from Powerboom Investments Limited, a subsidiary of ICT Holding Limited (“ICT Holding”) by Maaden International Investment (the “Buyer”), which is a company 100% owned by a consortium of investors from the Jan 29, 2024 · Maaden International Investment LLC, the buyer, fully supports Polymetal’s strategy, which involves reducing the company’s risk by selling its Russian operation and expanding its assets in Kazakhstan and beyond, according to Polymetal’s CEO, Vitaly Nesis. Total projects: 71701 Jan 29, 2024 · В свою очередь Maaden International Investment LLC является специально учрежденной структурой для финансовых инвестиций MII LLC в отрасль природных ресурсов, включая металлургию и горнодобывающую MPC can produce 3 million tons of Di-Ammonium Phosphate annually, most of which is sold in the international markets. A. 2018. Jan 29, 2024 · AK&M 29 January 2024 12:23. Learn More H. Aluminium International Today is an English language journal dedicated to the production and processing of aluminium. Jan 23, 2023 · Ma’aden penned an agreement worth SAR 1. Jan 13, 2023 · The Public Investment Fund (PIF) and the Saudi Arabian mining company (Ma’aden), one of the world's fastest-growing mining companies, has announced, during the opening of the Future Minerals Forum, the signing of a joint venture (JV) agreement to establish a new company that aims to invest in mining assets globally to secure strategic minerals that are essential for Saudi Arabia’s Nov 1, 2023 · In a statement to Tadawul, Maaden said it will hold 51% of the new company and the PIF will hold the remaining 49% stake. Jan 29, 2024 · ICT’s unit closed the deal to sell 23. Production commenced in 2009, Al Amar mine produces high-quality gold ore rich in minerals, which is processed into Dore and Copper and Zinc concentrates for export to international markets. Jan 29 Aktsionernoye Obshchestvo Parus Msk acquired 9. Ma'aden complies with the highest international standards of corporate governance and continues to build the company operations on a strong foundation of sustainable practices. Oct 31, 2018 · “Ma’aden’s post-IPO investments and growth were achieved in coordination with major investment by the government in key infrastructure projects. Money. com M: +962 - 795770220 T: +962 - 64163023 Feb 26, 2024 · Maaden International Investment LLC (дочерняя компания государственного фонда Омана Mercury Investments International LLC P. The A consortium led by Oman’s government-owned fund has acquired a 23. 1 billion (Dh4 billion). Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. Jul 30, 2023 · Ma'aden aluminium factory in Ras Al-Khair industrial area near Jubail City in Saudi Arabia. , also known as Ma’aden, awarded an engineering, procurement and construction management contract to Australian consultant Worley and Morocco’s JESA Jan 29, 2024 · We would like to show you a description here but the site won’t allow us. 2 billion in additional funding once business develops Sarmad Khan Jul 30, 2023 · Saudi Arabian Mining Company , known as Ma'aden, has agreed to acquire a 10% stake in Brazil's base metals company Vale, it said in a bourse statement on Sunday, as part of a strategy to invest in Jan 28, 2024 · Maaden International Investment LLC and Omani investors acquired 23. E. The Kingdom’s Public Investment Fund (PIF) consolidated the government’s interest in Ma’aden. Jan 3, 2024 · Maaden International Investment LLC and Omani investors acquired 23. sa Jan 29, 2024 · Polymetal International plc (“Polymetal” or the “Company”) announces that 23. 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