Feb 20, 2011
Riyadh, Saudi Arabia – 20th February, 2011–The Saudi Arabian Mining Company, Ma’aden today announced that its affiliate Ma’aden Phosphate Company (MPC) is making final preparations to start exporting ammonia through Ras Az Zawr port and that the first shipment will be made next month.
The ammonia will be used as feedstock for the production of diammonium phosphate and when in full production, MPC will produce 2.92 million tonnes per year of Diammonium Phosphate Fertilizer (DAP). MPC will begin production in the second quarter of 2011.
About Ma’aden
Ma'aden was established as a Saudi Arabian joint stock company in March 1997 to facilitate the development of Saudi Arabia’s non-petroleum mineral resources and to diversify the Kingdom’s economy away from the petroleum and petrochemical sectors. Ma’aden is engaged in the development, advancement and improvement of all aspects of the mineral industry, mineral products and by-products and related industries in Saudi Arabia. In July 2008 Ma’aden offered 50% of the company’s shares for subscription in a successful SR 9.25 billion IPO. Ma’aden has progressed towards realizing its vision of building a world class mineral enterprise and its mission of being a profitable, publicly owned, international mining company, while maintaining the utmost concern for human resources, health and safety, environmental and social issues.
Ma'aden is engaged in the development, advancement and improvement of all aspects of the mineral industry, mineral products and by-products and related industries in Saudi Arabia. The company is committed to the best international and local standards in environmental regulations and values its role in Corporate Social Responsibility.
Ma'aden has progressed towards realizing its vision of building a world class mineral enterprise and its mission of being a profitable, publicly owned, international mining company, while maintaining the utmost concern for human resources, health, safety, environmental and social issues.