SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE BEGINNING OF COMMERCIAL PRODUCTION OF ITS SUBSIDIARY (MAADEN ALUMINUM COMPANY)
Further to the announcement published on Tadawuls website on 23/07/2014, Saudi Arabian Mining Company (Maaden) announces the beginning of the commercial production of the Aluminum Smelter at its subsidiary (Maaden Aluminum Company) today Monday 01/09/2014.
The financial impact of this commercial production will be reflected in the Companys financials for the third quarter of 2014.
Note that Maaden Aluminum Company is 74.9% owned by Maaden, and 25.1% owned by Alcoa, and that the Aluminum Smelter is designed to produce 740,000 tons per year.
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