Riyadh – Mubasher: The Saudi Arabian Mining Company (Maaden) announced on Sunday that it has started the commercial production of the bauxite mine and alumina refinery of its subsidiary Maaden Bauxite and Alumina Company on Saturday.
Maaden said that the alumina refinery has achieved stable operations and will ramp-up production until reaching its designed production capacity of 1.8 million tonnes of alumina per year by early 2017, according to a bourse filing.
At full production, the refinery will fully meet the Maaden smelter requirement for 1.4 million tonnes of alumina per year with the surplus production to be sold into regional and international markets.
The company said that the financial impact of the financial production will appear in the financial statements for the fourth quarter of 2016.
