Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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The Story of Ma’aden
Ma’aden is now among the fastest growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. We’ve come a long way since 1997, when we were established by Royal Decree with a mandate to develop Saudi Arabia’s minerals sector as the third pillar of Saudi industry, beyond oil and petrochemicals.
Ma’aden was wholly owned by the Saudi Government until 2008 when 50% of our shares were floated on the Saudi Stock Exchange (Tadawul). Today, Ma’aden is ranked among the top 10 global mining companies based on market capitalization.
After investing significant effort, time and resources in building a world-class, unique and fully integrated mining value chain, we are now focused on marketing our products worldwide, improving the return on our investments and consolidating our resources and experience – even as we continue to develop new locations and build new industrial plants.
In the 20 years since our foundation, we have focussed on gold, phosphate, aluminium, industrial minerals and copper. In the process, we have:
built a new mining industrial mega-hub (Ras Al Khair), and a second mining city (Wa’ad Al Shamal), both in remote areas of Saudi Arabia;
contributed significantly to the country’s non-oil GDP;
created thousands of jobs within a new mining industry work force;
promoted new downstream industries;
supported local communities through health, education and social initiatives;
nurtured the development of many small and medium sized Saudi businesses;
contributed to building new infrastructure facilities, and
attracted significant foreign direct investment and advanced technology.
As the leader of the Saudi mining industry, we are committed to embed sustainability across the Ma’aden enterprise. We are committed to act responsibly towards all our stakeholders: shareholders, customers, business partners, employees and the communities in which we operate, as well as the natural environment near our facilities.
World class find wow
Topshare - exactly... I had been saying that current SP doesn't reflect anything for Saudi Arabia assets - SA will be much bigger than TK... Walk before running etc.... we need finance news and TK progress towards production.. GLA
thats at 44p now hehehehe
Jabal Sayid copper mine
Our newly established joint venture, Ma’aden Barrick Copper Company (MBCC), has completed the construction and commissioning of its new copper mine in Jabal Sayid, enabling us to start selling copper concentrate in January 2016 as pre-commercial sales. Ma’aden and Barrick Gold Corporation established MBCC in 2014, with both partners each investing USD220 million to develop and construct the new copper mine at Jabal Sayid. The venture is an excellent strategic fit and value for Ma’aden’s position as a leading minerals enterprise, with the joint venture partners coming together sharing resources and technology to produce low-cost copper concentrate. Commissioning of the mine started in September 2015 and we began shipping copper concentrate to refineries in world markets in December 2015
Size of Barricks similar mine for comparison Hawiah could be huge
https://www.maaden.com.sa/
Yes PROPS noted that sentence too (plus 'KEFI does not intend to dilute further...'). All good here....
So Hawiah the same as this what’s that worth? They are looking for other project!!
https://www.amak.com.sa/
AMAK is constantly looking for more mineral opportunities in the country and region, including East Africa. Exploration continues at our nearby concessions as well as deeper levels of Al Masane and Guyan orebodies. As of now, the operating orebodies are still open at depth and extensions, with potential additional satellite pit developments.
most have picked up a new pr guy
Great news eh? Just wait, this will be a monster - where’s our Sheikh? lol
Helloooooo
that’s more like it........ Did Harry read my post??? Lol
Bigger than SOLG!!
Key - ..’Development funding WILL be readily available..’
Wow indeed!
And to think we went 10% down yesturday, i feel sorry the sellers, watch them scramble to get back in. Haha
Wow!!!
Let’s go G&M.. No more dilution!!
Hold on to your seats, some massive positions will start to be taken now, just glad I fully topped up here!!
I have a feeling we are in for a good day/week and month :D
Loving the use of the word massive ;)
KEFI/drilling-confirms-massive-sulphides-at-hawiah
This is going to be massive (please note topsharepicks!!)
Funding RNS by the end of next week