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Maaden signs $1.5 billion Aluminum refinery contract
The refinery will have an annual production capacity of 1.8 million metric tonnes of smelter-grade alumina and is scheduled to be completed by the end of 2014, the statement added.
May 27, 2012 5:35 by Reuters
Saudi Arabian Mining Company (Maaden) has signed a $1.5 billion contract with Hyundai Engineering & Construction Co. to build an aluminium refinery in the kingdom’s Eastern Province, a bourse statement said on Sunday.
The refinery will have an annual production capacity of 1.8 million metric tonnes of smelter-grade alumina and is scheduled to be completed by the end of 2014, the statement added.
(Reporting by David French; Editing by Matt Smith)
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