Maaden $7bn Alcan deal
Saudi Arabian Mining Company has entered into a $7bn joint venture with aluminium major Alcan, Arab News reported. The integrated project will include bauxite mining, alumina refining, a power plant and aluminum smelting. A first phase includes developing a 90m-tonne bauxite reserve, and building a 1,400 MW power plant; an alumina refinery with a capacity of 1.6m tonnes per year; and a 720,000 tpy aluminium smelter.
