Maaden begins trial ops at Waad Al-Shamal project

10/07/2017 Argaam

The Saudi Arabian Mining Company (Maaden) started on July 8 trial operations at Maaden Waad Al-Shamal Phosphate Co. (MWSPC).

 

MWSPC’s phosphate output will be gradually ramped up to reach the target capacity of 3 million tons of phosphate fertilizers, Maaden said in a statement to the Saudi bourse.

 

The mining firm added that the project’s financial impact will show on its financial results after the beginning of commercial operations.

 

The phosphate project is a joint venture between Maaden, which owns a 60 percent stake in the company, US-based Mosaic (25 percent), and the Saudi Basic Industries Corp (SABIC) (15 percent).

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.