Ma'aden's business units will operate through separate subsidiaries to facilitate strategic partnerships and each will have its own Board and management. Through existing agreements, our partners will provide their international operational and technical expertise in all phases of development of the businesses. As well, the partners will provide expertise with respect to the sale and marketing of Ma'aden's products reflected in off take agreements and flexible marketing arrangements that enable Ma'aden to develop its own marketing resources over time.
SABIC (30%) and Ma’aden (70%) are partners in Saudi Arabia’s first major phosphate project, the Ma’aden Phosphate Company which can produce 3 million tonnes per annum of phosphate fertiliser product for global markets. SABIC (15%), Ma’aden (60%) and Mosaic (25%) are also partners in the US$8 billion Ma’aden Wa’ad Al-Shamal Phosphate Company (MWSPC), which will extract phosphate from the north of Saudi Arabia and develop it into products like fertilizer for global agriculture customers.
SABIC is the Saudi Basic Industries Corporation, one of the world’s leading manufacturers of chemicals, fertilizers, plastics and metals. A public company based in Riyadh, 70% of its shares are owned by the Saudi Arabian government, with the remaining 30% held by private investors. SABIC began in 1976 by Royal decree and today has operations in over 40 countries with a global workforce of over 40,000. The company is composed of six business units: Chemicals, Polymers, Performance Chemicals, Fertilizers, Metals and Innovative Plastics. The company’s manufacturing, sales, technology and innovation facilities are located throughout the globe and are managed by four regional offices: the Middle East and Africa, Asia, the Americas and Europe. SABIC has invested heavily in Technology and Innovation facilities spread across the globe with hundreds of dedicated scientists contributing to the ongoing development of new patents and certifications.
Alcoa (25.1%) and Ma’aden (74.9%) are partners in the US$10.8 billion Ma’aden Aluminium project, one of the world’s largest fully integrated aluminum facilities, including a mine, refinery, smelter and rolling mill in Ras Al Khair, Saudi Arabia.
Alcoa is a global leader in lightweight metals technology, engineering and manufacturing. Its technologies enhance transportation, from automotive and commercial transport to air and space travel, and improve industrial and consumer electronics products. Alcoa enables smart buildings, sustainable food and beverage packaging, high performance defense vehicles across air, land and sea, deeper oil and gas drilling and more efficient power generation. Alcoa pioneered the aluminum industry over 125 years ago and today it has 60,000 people in 30 countries delivering value-add products made of titanium, nickel and aluminum, and produce best-in-class bauxite, alumina and primary aluminum products.
The Mosaic Company
Mosaic (25%) Ma’aden (60%) and Sabic (15%) are partners in the US$8 billion Ma’aden Wa’ad Al-Shamal Phosphate Company (MWSPC), which will extract phosphate from the north of Saudi Arabia and develop it into products like fertilizer for global agriculture customers.
The Mosaic Company is the world's leading producer and marketer of concentrated phosphate and potash. It employs 9,000 people in six countries and participates in every aspect of crop nutrition development. Mosaic products are processed into crop nutrients, and then shipped via rail, barge and ocean-going vessel to customers in the major agricultural centers of the world. The work of mining and processing potash and phosphate minerals is an energy- and water-intensive endeavor. Mosaic works carefully to maximize efficiencies and minimize use of energy and natural resources, and has made significant progress in reducing its environmental footprint. Mosaic is an important driver of economic activity in each of its operating communities, and strives to be a thoughtful and engaged neighbor, using its financial resources, expertise and innovative spirit to demonstrate its commitment to good corporate citizenship.
Barrick Gold Corporation
Barrick (50%) and Ma’aden (50%) are partners in the Jabal Sayid copper mine in Saudi Arabia.
Barrick aims to be the leading mining company focused on gold, growing cash flow per share by developing and operating high quality assets through disciplined allocation of human and financial capital and operational excellence. Barrick is committed to a culture of partnership and the values underpinning such a culture: trust, transparency and shared responsibility and accountability. Barrick has mining operations in Argentina, Australia, Canada, Chile, Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, United States and Zambia. More than 75 percent of the company’s gold production comes from the Americas region.
Sahara Petrochemicals Company
Sahara (50%) and Ma’aden (50%) are partners in the US$750 million SAMAPCO joint venture located in Jubail in Eastern Province of Saudi Arabia. SAMAPCO supplies 250,000 tons per annum of caustic soda to Ma’aden’s alumina refinery at Ras Al Khair, and its 300,000 tons per annum of ethylene dichloride targets both domestic and international customers.
Sahara Petrochemicals Company’s mission is to provide quality petrochemical and chemical products and attract customers by investing and developing safe, environment friendly, reliable facilities to meet customer needs and shareholder expectations. Its vision is to be amongst the world’s leaders in promoting the petrochemical and chemical business, utilizing state of the art technologies and building effective strategic alliances and synergies. Sahara objectives include to; invest in projects producing propylene, polypropylene, ethylene, polyethylene and other petrochemical and hydrocarbon based products; to own and execute projects necessary to supply the company with its own raw materials and utilities requirements, and; to acquire real estate and construct infrastructure to aid manufacturing, stocking, selling and purchasing.