Maaden says operations at ammonia plant restart after maintenance

One of Maaden's plant 

Saudi Arabian Mining Co. (Maaden) announced the successful completion of maintenance work in its ammonia subsidiary, Maaden Phosphate Co.  

The company took the opportunity to bring forward the scheduled periodic maintenance of the plant due to the shutdown; therefore, operations will resume today, Sept. 29, according to a bourse filing. 

The shutdown's financial impact is calculated based on the maintenance costs, insurance coverage, and the difference between the target amount of the production and the sales prices during the shutdown period.  

According to the available data, the mining major considered the financial impact of such shutdown as "non-material".  

The shutdown did not affect the company's ability to produce phosphate fertilizers or its obligations to its customers and meet the target production.  

The company invests in an excellence operational program to boost production capacity and takes precautionary measures for business continuity. 

Maaden Phosphate Co. is a limited liability company co-owned by Maaden (70%) and Saudi Basic Industries Corp. (SABIC) (30%). 

In May, Maaden announced that the ammonia plant of Maaden Phosphate Co. encountered a technical deficiency in one of its parts on the evening of May 20, resulting in a limited fire that was fully controlled.