ID :
15280
Fri, 08/08/2008 - 10:44
Auther :
Shortlink :
http://m.oananews.org//node/15280
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Maaden nears deal on $500m soda plan
RIYADH, August 8 (SPA) - Saudi Arabian Mining Co "Maaden" is close to
reaching a deal with Sahara Petrochemical Co to set up a caustic soda
joint venture in the Kingdom of Saudi Arabia, its chief executive
said in press remarks over the weekend.
Maaden wants the 50-50 joint venture to supply a planned 740,000
tons-per-year aluminum smelter that will be jointly developed with
Rio Tinto at a total cost of $10.55 billion, 'Alrai' Arabic newspaper
quoted Abdullah Al-Dabbagh as saying in a report published today by
Saudi Gazette.
Alumina is produced by treating bauxite ore with caustic soda.
“The cost of the project is between $400 million and $500 million,
and we have initially signed a preliminary agreement to study this
project, now we reached the final economic study of the project, "
Al-Dabbagh said.
reaching a deal with Sahara Petrochemical Co to set up a caustic soda
joint venture in the Kingdom of Saudi Arabia, its chief executive
said in press remarks over the weekend.
Maaden wants the 50-50 joint venture to supply a planned 740,000
tons-per-year aluminum smelter that will be jointly developed with
Rio Tinto at a total cost of $10.55 billion, 'Alrai' Arabic newspaper
quoted Abdullah Al-Dabbagh as saying in a report published today by
Saudi Gazette.
Alumina is produced by treating bauxite ore with caustic soda.
“The cost of the project is between $400 million and $500 million,
and we have initially signed a preliminary agreement to study this
project, now we reached the final economic study of the project, "
Al-Dabbagh said.
