Ma’aden Completes Refinancing of Ma’aden Wa’ad Al Shamal Phosphate Company
Jun 21, 2020
Riyadh – Saudi Arabia, 21 June 2020 — Saudi Arabian Mining Company (Ma’aden), one of the fastest growing global mining companies and the largest multi-commodity mining and metals company in the Middle East, announces that its subsidiary Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC) has signed new financing agreements for US$2.3 billion with leading local and regional financial institutions. The proceeds from these agreements will be used to pay down the existing loans.
MWSPC has also completed the amendment, rescheduling and transfer of a US$1.8 billion loan, previously held with the Public Investment Fund, to the Public Pension Agency.
Ma’aden achieves ISO 55001 and ISO 31000 certifications at two of its major complexes
Mar 18, 2020
Riyadh – Saudi Arabia, Saudi Arabian Mining Company (Ma’aden) subsidiary Ma’aden Phosphate Company (MPC) has received the ISO Asset Management System (ISO 55001) and ISO Risk Management System (ISO 31000) certifications for its two major complexes, the Integrated Fertilizer Production Complex in Ras Al Khair Industrial City, also the Mine and Plant in Al Jalamid.
The Asset Management System Certification will aid MPC in managing the lifecycle of assets more efficiently and ensure compliance with international safety and performance standards. The Risk Management System Certification will provide the guidelines and framework to handle different categories of risk in both complexes.…