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Phosphate

Saudi’s Maaden to invest $5.6B in Phosphate project

Saudi’s Maaden to invest $5.6B in Phosphate project

State-controlled Saudi Arabian Mining Co (Maaden) plans to invest 21 billion riyals ($5.6 billion) in a phosphate project as part of a new industrial city in the country's north, the company's chief executive was quoted on Tuesday by Saudi state media as saying.

February 22, 2012 12:58