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Ma’aden’s ‘minetometal’ vision resulted in the development of a new homegrown and sustainable industry and transfer of knowhow associated with it and positioning Saudi Arabia as a supplyside player in a global industry with strong prospects to grow and diversify in the future

Saudi Arabian mining company Maaden has awarded a consortium comprising Outotec and Larsen Toubro an engineering procurement and construction contract to build a greenfield mineral

Ma’aden’s ‘minetometal’ vision resulted in the development of a new homegrown and sustainable industry and transfer of knowhow associated with it and positioning Saudi Arabia as a supplyside player in a global industry with strong prospects to grow and diversify in the future

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In the company’s Metals Energy Water divisions meanwhile “solid demand” was registered in hydrometallurgical and pelletising solutions as well as sulphuric acid plants Outotec said Outotec said the €110 million provision related to possible costs for an ilmenite smelter project in Saudi Arabia

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The EIA also forecasts that the US will soon overtake Russia and Saudi Arabia as the world’s largest oil producer a feat unseen for decades And the more oil that’s produced the more water

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