December 22, 2009

Saudi Maaden signs US$10.8b deal with US Alcoa

RIYADH: Saudi Arabian Mining Co (Maaden) signed on Dec 20 an agreement with US aluminium giant Alcoa to build a US$10.8 billion (RM37.15 billion) aluminium complex.

Under the agreement, the two firms will build a 1.8 million tonnes per year aluminium refinery and a 740,000 million tonnes per year smelter in Ras Azzour on the kingdom's Gulf coast, Maaden's CEO Abdullah al-Dabbagh told reporters.

The smelter is slated to start production in 2013 while the refinery would come online in 2014, he added. -- Reuters

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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