Maaden has also developed its activities beyond gold with the development of maaden phosphate company, maaden aluminium company and industrial minerals. A number of projects are underway to make maaden the third pillar of saudi arabias economy. Best project finance house triple a asset asian awards 2009 best project finance advisory house best islamic project finance deal saudi arabi maaden phosphate gat waste to energy. Additionally, project finance magazineawarded the tuxpan v project and the altamira ii project in. Maaden umm wual sulphuric acid and power plant snclavalin. As part of the process of upgrading its port facilities, yemen gulf of aden ports corporation ygapc has prepared a project describing the widening and deepening of the approach channel to the inner harbour. Saudi maaden progressing well in bank finance deal talksceo. Project finance magazine and pfi middle eastern industrial deal of the year. Bechtel is managing the creation of waad al shamaal city and an associated mining complex. Saudi arabian mining company ma aden interim results for the first quarter ended 31 march 2019 page 3 of 6 operations phosphate during q1 2019, 1,101 tonnes of ammonium phosphate fertilizer apf was sold, an increase of 51 % over q1 2018. Phosphate fertilizer project project description contract included engineering, procurement and construction, transport, tests and startup of the new facility.
Barajas was counsel to the sponsor, was recognized by the bank magazine and the financial times groupas deal of the year costa rica 2007. Maaden was formed by royal decree in 1997 to facilitate the development of saudi arabias mineral resources. Maaden mutrafiah housing project azmeel contracting. On april 18, 2019, maaden signed a binding agreement to. Phosphate company mwspc and other industrial projects as well as the. Saudi arabian mining company ma aden consolidated results for first quarter ended june 30, 2017 page 4 of 6 ma aden waad al shamal mwspc project the ma aden waad al shamal phosphate project has successfully completed commissioning all its plants. Mining and minerals international trade administration. Darren davis, president and ceo of saudi mining company. In february 2014, maaden awarded hanwha a usd 935 million utilityscale chemical. The first ammonium phosphate fertilizer was produced on 8 july 2017 from waad. Abx barrick or the company today announced that it has reached an agreement to form a joint venture with saudi arabian mining company ma aden to operate the jabal sayid copper mine, located 120 kilometers southeast. Saudi arabias mining sector poised for serious expansion. India accounts for 40% of world dap and related map imports, mainly from the usa and russia.
The project envisages an open pit mine and beneficiation process, adding 1. Maaden housing units there are 4 different housing types, namely a1 152 units, d1 24 units, d2 301 units and d3 314. Maaden represents a cofinancing involving conventional and islamic structures side by side. Bechtel australia gets 1100 man camp complete with supply facilities at guinea. Darren davis has been president and ceo of saudi mining company maaden since july 2018. Saudi arabian mining company maaden reported strong. Combining our global expertise with local knowledge to support maaden with basic and detail engineering. Project financing for shams maan solar photovoltaic project in jordan mizuho bank, ltd.
The contract covers the construction of a phosphate fertilizer plant in ras al khair, kingdom of saudi arabia. The project includes a bauxite mine situated in central saudi arabia, which connects by rail to an integrated facility consisting of an alumina refinery, smelter, and casthouse on the arabian gulf coast. Ma aden is looking to exploit magnesite deposits at zarghat, 700 kilometres northeast of. Pdf 175 kb all amounts expressed in us dollars unless otherwise indicated toronto, july, 2014 barrick gold corporation nyse. Mining project finance is used to develop the exploitation of natural resources such as copper, iron ore, or gold mining operations in countries as diverse as chile, ghana and australia. Supplying the increasing global demand for minerals and using saudi arabias costbase advantages to. Gs construction arabia company facilitates rshss exquisite highend accommodation facility for petro rabigh, saudi arabia gs construction arabia ltd. The saudi arabian mining company ma aden, announced that its affiliate ma aden waad alshamal phosphate company mwspc, has signed financing facilities for long term project finance loans with a consortium of 20 financial institutions for a. Project involves construction of an engineering undertaking bridge, nuclear power plant or tunnel. Project finance international awards 2009 environmental deal of the. The ma aden aluminium company and ma aden rolling company have signed bank financing for a fully integrated aluminium smelter and foodgrade cansheet rolling mill in saudi arabia, jointventure partners ma aden and alcoa said tuesday. Consolidated financial statements for the year ended 31 december 2018.
Jul 31, 2019 this paper analyzes the capital structure of energy infrastructure projects in the gulf cooperation council region, where energy projects form the bulk of the dealmaking backload. Project going ahead in gabon, led by olam, agricultural commodities company. Project financing is a specific financial arrangement for a selected project. Progress on the ammonia plant for the phosphate 3 project continues. The saudi arabian mining company maaden hereinafter referred to as the company or ma aden is a joint stock company incorporated in the kingdom pursuant to royal decree no.
The project is a joint venture, with maaden holding a majority stake and saudi basic industries corp and mosaic 15 and 25. Bechtel is one of the most respected global engineering, project management, and construction companies, and a cornerstone of innovation in the industry. Tom bispham managing director, ma capital and global business development tom has 35 years experience as a project finance and investment banker, and his mine finance transaction history spans the globe for major mining, power and infrastructure groups. Blended and online distance learning courses arden university. Negotiations concerning the ilmenite smelter project are ongoing in cooperation with the customer. At maaden, darren has focused on managing the companys extensive fund raising program and has played lead roles in. The greenfield project is located 35km northeast of turaif and about 100km to the west of the maaden phosphate co. Indeed, the trans thai sukuk joined jubail refinery, malaysia airports and the riyadh pp1 deals as all important. The fundamentals of project finance ecc association. Alcoa and the saudi arabian mining company ma aden formed a joint venture in 2009 that has created the worlds largest, lowest cost fully integrated aluminum facility. Best project finance house triple a asset asian awards 2009 best project finance advisory house best islamic project finance deal saudi arabi ma aden phosphate gat waste to energy. Saudi arabias maaden approaches banks to refinance. Consolidated statement of financial position as at 31 december 2019.
Ras alkhair hosts our integrated aluminium and phosphate complexes. Saudi maaden progressing well in bank finance deal talks. Maaden was formed as a saudi joint stock company on 23 march 1997 for the purpose of facilitating the development of saudi arabias mineral resources. For these hours to appear on your certificate, you must. Maaden ends financing of alcoamaaden project marketwatch. Saudi arabian mining company ma aden consolidated results for first quarter ended march 31, 2017 page 4 of 6 ma aden waad al shamal mwspc project the ma aden waad al shamal phosphate project is progressing well towards the completion of its construction phase at both the waad al shamal and ras al khair site. Companys assets and higher financing expenses of sar 518mn. Bechtel australia gets 1100 man camp modular building. Barrick forges maaden jv for saudi arabian copper mine law360. The saudi arabian mining company maaden issued its consolidated interim financial. Saudi arabian mining company ma aden consolidated results for the year ended 31 december 2018 page 3 of 6 operations phosphate during the year 2018, ma aden sold 3,126k tonnes of ammonium phosphate fertilizer apf, an increase. Yaser bin othman alrumayyan chairman appointed on 28 september 2019.
Privatization project, saudi arabian mining company maaden. Once completed, the umm wual project will have an annual capacity of 3 million mtpa of dapmap and npk fertilizers. Mwspc driven by commercial operations, including depreciation and finance cost 2,2461,528 5,2901,4451,725 depn. Deal for the government of pakistan and a project finance deal for al maaden phosphate company, contributed to the win. Saudi arabia including stock price, stock chart, company news, key statistics, fundamentals and company profile. Fluor is providing project management consulting pmc services for the development of the umm wual phosphate project and related facilities. In 2004, the cabinet adopted the new mineral investment law in a step helped in the development of the mineral sector and the infrastructure of the railway and the port, which enabled maaden to easily transfer its products to market. We offer online courses for students worldwide, or blended courses at our london, birmingham and manchester uk study centres. One of the key markets for maaden will be india which is the worlds largest importer of dap. The structure allowed the project sponsors to fund. Maaden is the leading mining and metals company in saudi arabia, and the tenth largest mining company in the world according to market capitalization. The ma aden performance management application that will support the performance management cycle.
Project finance in theory and practice designing, structuring, and financing private and public projects stefano gatti amsterdam boston heidelberg london new york oxford paris san diego san francisco singapore sydney tokyo academic press is an imprint of elsevier. Consolidated financial statements for the quarter ended 31 march 2019. The plant was built as a turnkey solution from design to construction by hanwha and it was successfully completed in 2010. Barrick gold corporation barrick partners with maaden. He started his career in banking control department, saudi arabian monetary authority sama in 1984. Saudi arabian mining company maaden reports a strong. Meridian acquisition is an important step in our growth and we continue to evaluate.
Finance cost net profit 2018168% movement in net profit by line. Project management edinburgh business school v contents preface ix list of abbreviations xi module 1 introduction 11 1. A feasibility study undertaken by manajem targets a production of 55,000 tonnes of zinc per year over a ten year period, using open pit mining methods. We remain confident that we are provided adequately for the project. Maaden, alcoa get bank financing for saudi aluminium project. Darren christopher davis president and ceo acting 7 board of directors report 2019. You can give or request instant feedback, have performance checkins and conversations, log development actions and submit an appraisal. Highways new roads are often financed with project finance techniques since they lend themselves to the cash flow based model of repayment. Maaden announced that its affiliate maaden waad alshamal phosphate company mwspc signed financing facilities for longterm project finance loans with a consortium of 20 financial institutions.
Advising saudi arabian mining company ma aden on structuring shared infrastructure, utility supply and land use arrangements with three separate project companies for aluminum mine and refinery project, aluminum smelter project and aluminum rolling mill project respectively in jubail. The al khabra project, or called phosphates city project, is located at waad alshamal in the umm wual area, 40 kilometres northeast of turayf in the sirhanturayf region in the north of saudi arabia and wholly owned by ma aden the greenfield project is located approximately 100 kilometers to the west of the ma aden phosphate company beneficiation complex. Saudi arabian mining company maaden reports a strong start. Financial risk management focuses on those risks that can be managed using. Bechtel has completed australian projects that have helped grow the nation. Standard chartereds group ceo, saadiq, afaq khan, commented, the bank remains focused on delivering shariahcompliant financial products and solutions seamlessly across our geographic footprint. Adaptation for 791 housing units for maaden employees and six 6 housing units for imams. Arden university offers a wide range of online distance learning courses and blended learning qualifications including degrees, masters and even topup degrees. It is in the form of an open credit or complete finance throughout the life of the project.
Saudi arabian mining company maaden supplementary prospectus sa this supplementary prospectus must be read in connection with the prospectus dated 20011436h corresponding to 112014g, issued by the saudi arabian mining company maaden in connection with the offering of 243,478,261 ordinary shares at an offering price. Have your badge scanned at the door attend 90% of this presentation. Public investment fund, having regard to the financial position of maaden as at. The thomson reuters project finance international pfi annual league tables are the most accurate and comprehensive measure of project finance activity across the globe in any given year.
The keys to project financial management michael mclin maxim consulting group this session is eligible for 2 continuing education and 2 contact hours. Project financing for shams maan solar photovoltaic project. Nov, 20 saudi maaden progressing well in bank finance deal talksceo. Other mineral and secondary production industries will be added at later dates. Before his appointment, he led the firms corporate finance activities. This project adds to bechtels portfolio of work for maaden during the last decade, which includes the ras al khair aluminum smelter. Project description bauxite mine and alumina refinery project sponsors maaden alcoa inc. Ma aden project now cranking up towards its 3 million ty capacity around 15% of global.
Ma aden s third phosphate project is on a remote saudi plateau just south of the border with jordan. Senior manager, plant finance nutrien white springs phosphate united states. Ma aden certificate of appreciation for safety pdf safe contractor of the year plaque and certificate from cjjv pdf ma aden aluminum integrated infrastructure project 15 mn lti free outstanding safety performance certificate 20 pdf ma aden best science fair project pdf. Statistical analysis shows that project finance loans arranged for u. Manager dap ma aden phosphate company saudi arabia vicepresident ma aden waad al shamal phosphate saudi arabia. Saudi arabian mining company ma aden a saudi arabian joint stock company administration and contact details as at 31 december 2019 2 commercial registration number 1010164391 directors h. After the end of the quarter, outotec received a eur 140 million greenfield mineral concentrator and gold processing plant order from ma aden in the kingdom of saudi arabia. Ma aden i saudi arabian mining company 06 annual report 2011 the composition of ma aden s b oard of directors, for the past financial year including two new appointments and two retirements their membership on the boards of other companies, their membership of subcommittees of the board, and the number of meetings attended. Concession agreement a contract between a publicsector body and a project company, which allows the project company to carry out the project e. Maadens project launch will benefit india, as saudi arabia is far closer so freight costs are lower. Fluor project director fluor united states director of operations, global. Download ma aden performance management and enjoy it on your iphone, ipad, and ipod touch.
The wharton school project finance teaching note 3 there is no singular definition of project finance. Gs construction arabia modular building construction. Standard chartered saadiq voted best international islamic. As the ma aden project in saudi arabia, plus expansions in morocco and elsewhere ramp up, the market has become more balanced prices have picked up recently, but are expected to fall again in second half 20 the very high phosphate prices of 20072008 have stimulated a massive interest in developing phosphate rock reserves in. Examples of pifs domestic investments include a number of saudi banks, tadawul, maaden, stc and project companies developing iwpps. Project finance is the process of financing a specific economic unit that the sponsors create, in which creditors share much of the ventures business risk. Capitalizing on our mining experience and management skills, together with the support of the saudi government and worldclass partnerships, to participate in the global mining and minerals industry. Project coordinator international institute of tropical agriculture iita kenya. The rio general power project in costa rica, for which mr. Jul 31, 2017 saudi arabian mining company maaden consolidated results for first quarter ended june 30, 2017 page 4 of 6 maaden waad al shamal mwspc project the maaden waad al shamal phosphate project has successfully completed commissioning all its plants. Revenue excluding earnings from maaden infrastructure company. The project is considered the anchor industry at the newly developed waad al shamal industrial city for mineral industries located in the northern region of saudi.
Explore mba finance projects pdf, financial management projects topics, finance project topics list or ideas, accounting based research projects, latest synopsis examples, abstract, base papers, fm thesis ideas, corporate phd dissertation for financial management students fm, reports in pdf, doc and ppt for final year mba, bba diploma, bsc, msc, btech and mtech students for the year 2015 and 2016. Bechtel has successfully delivered nearly 5,000 mining and metals and civil infrastructure projects around the world and is currently building jubail industrial city, the worlds largest civil infrastructure project, also in saudi arabia. Phosphate 3 project now underway with award of first construction contract. Acting for ma aden and alcoa in relation to the multi. Saudi arabian mining company maaden record full year. The downstream superhub is supported by wellconceived infrastructure including a. The primary purpose of this is to serve the needs of ever larger container ships that are calling, or will call, aden. Maaden mutrafiah housing project comprises of the complete engineering, procurement and construction epc including site.
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