Saudi Arabian Mining Company (Ma'aden)

The Saudi Arabian Mining Company, known as Ma'aden, is a Saudi company specialized in the field of mining. Established in 1997, it ranks among the top ten global mining companies. Its goal is to develop the mining sector in the Kingdom of Saudi Arabia by increasing the value of mineral resources and supporting Saudi mining globally.

The mining company was fully owned by the Saudi government until 2008 when 50 percent of its shares were offered on the Saudi Stock Market (Tadawul). In June 2018, the Public Investment Fund increased its ownership in the company to 65.44 percent.

Saudi Arabian Mining Company aims to achieve its goals by 2040 through four pillars: Focusing on the upstream business by diversifying the product portfolio towards high-value products, increasing production capacities in current value chains and continuing to invest in exploring and mining the Kingdom's rich minerals, contributing to achieving sustainability goals in the Kingdom, and increasing productivity by adopting new technologies.

Saudi Arabian Mining Company works to implement and engage in various activities related to the mining industry in the Kingdom, including the development and enhancement of the mining industry, its supply chains, products, and related industries. Its operations are not limited to gold production but have expanded to include phosphate, aluminum, industrial minerals, and copper concentration operations on a global scale.

Ma'aden oversees the extraction operations of many minerals in the Kingdom from several locations, including those for gold. Notable among these is 'ad-Duwayhi Mine,' the largest gold-producing mine in the Kingdom, which commenced production in 2016. Another significant site is 'Mahd adh-Dhahab', an ancient mine dating back three thousand years, with modern production starting in 1988. Additionally, 'al-Amar' began production in 2009, coinciding with the commissioning of the carbon-in-leach processing plant. 'Bulghah,' an open-pit mine, began operations in 2002 and produces gold ore bars. 'Al-Sukhaybarat', an open-pit mine, has a carbon-in-leach preparation plant. As-Suq,' another open-pit mine, started production in 2014. The Mansourah and Massarah project, representing the largest gold mine in the Kingdom, initiated initial production operations in the fourth quarter of 2022. This project comprises two separate mines, Mansourah and Massarah, for gold ore production, with a combined production capacity of 250,000 oz annually. Among the other mineral mines are those for copper, such as Jabal Sayid, and those for phosphate, aluminum, and industrial minerals. 'Al-Jalamid' is a phosphate mine and beneficiation plant, 'Ras al-Khair' is a phosphate and aluminum processing mine, 'al-Ba'itha' is a bauxite ore mine for the aluminum project, 'az-Zabirah' is a kaolin and low-grade bauxite mine, 'Zarghat' is a magnesite mine, and 'al-Madinah al-Munawwarah company' has a magnesite processing facility.