If you'd like to get contact with us, please send an email to info@maaden.com.sa or you can contact one of our offices below:

SAUDI ARABIAN MINING COMPANY

Head Office - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8000
Fax: +966 (0) 11 874 8300
info@maaden.com.sa
Procurement - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8096
Fax: +966 (0) 11 874 84444
srm@maaden.com.sa
Public & Media Affairs - Riyadh
P.O. Box 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8409
Fax: +966 (0) 11 874 8057
media@maaden.com.sa
Jeddah
P.O. Box 13784 Jeddah 21414
Kingdom of Saudi Arabia
Tel: +966 (0) 12 229 2600
Fax: +966 (0) 12 229 2651
Al Khobar
P.O. Box 32001 Al Khobar 31952
Kingdom of Saudi Arabia
Tel: +966 (0) 13 811 1970
Fax: +966 (0) 13 811 1964
Jubail
P.O. BOX 11110 Jubail 31961
Kingdom of Saudi Arabia
Tel: +966 (0) 13 347 3333
Fax: +966 (0) 13 347 5682
Investor Relation - Riyadh
P.O BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8123
Fax: +966 (0) 11 874 8132
invest@maaden.com.sa

STRATEGIC BUSINESS UNITS - SBU

Aluminium - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Fax: +966 (0) 11 874 8187
aluminiumsales@maaden.com.sa
Phosphate - Riyadh
P.O. BOX 68861 Riyadh 11537
Kingdom of Saudi Arabia
Tel: +966 (0) 11 874 8329
mktg-online@maaden.com.sa
Gold - Jeddah
P.O BOX 13784 Riyadh 21414
Kingdom of Saudi Arabia
Tel: +966 (0) 12 229 2600
Fax: +966 (0) 12 229 2651
About Image

Ma’aden Announces Reduction in Profits and Increase in Production and Capacity

Jan 21, 2016

The Saudi Arabian Mining Company (Ma’aden) announces a net profit of SR605 million for the financial year 2015, a decrease of 55% compared to its 2014 financial net results.

Speaking on these results, Ma’aden CFO Khalid Al-Rowais pointed out that the company has been impacted with the decline of commodity prices, specifically in the aluminium business. However, looking at the overall performance of the year, Ma’aden has achieved the highest production levels in a number of sectors including phosphate where production exceeded 2.6 million tons of phosphate fertilizer compared to 2.4 million tons in 2014. The company’s aluminium sales also reached 836,000 tons of aluminium compared to 663,000 in 2014 while its gold production jumped to 164,000 ounces compared to 154,000 ounces of the previous year. Al-Rowais also enumerated a number of project milestones including the successful trial production of Ad Duwayhi mine, Ma’aden’s biggest gold mine located near Raniah City in Makkah province. As well, in partnership with Barrick, Ma’aden has started the trial production of the Kingdom’s largest copper mine – Jabal Sayid, located in Madinah province.

Al Rowais assured that the diversity of Ma’aden’s portfolio which includes gold, aluminium, phosphate, copper and industrial minerals as well as the competitive production cost of its facilities from a global cost curve perspective, will enable Ma’aden to strengthen its market position and access new markets. Al-Rowais also confirmed that the executive management is working on cost reduction programs that focus on sustainable reduction in its spending by increasing the productivity and efficiency of its mines and processing facilities. The company is also moving towards consolidated services and empowering its IT to achieve cost-efficiency, thereby enhancing Ma’aden’s competitiveness.

For further information please contact:

Mr. Bander M. Al-Aida
Section Head, Media Relations

E: media@maaden.com.sa

MEDIA CONTACTS

Mr. Bander M. Al-Aida

Section Head, Media Relations

media@maaden.com.sa

Annual Report 2014

Annual Report
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