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Ma’aden’s Role in Regional Development
Engr. Khalid Al Mudaifer President and CEO Aluminium SIDF Forum - January 2015 Phosphate Gold Infrastructure Copper Ma’aden – Saudi Arabian Mining Company
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Industrial Development
We are building the “Third Pillar” of Saudi Industry Saudi Arabia‘s Industrial Development Oil and Gas Est. 1934 Govt ownership 100% Mining Est. 1997 Govt ownership 50% Petrochemicals Est. 1976 Govt ownership 70% Suppliers Workforce Transportation Ports Power Consultancy Laboratories Technology Regulations Downstream Financing Contractors Communities Exploration Ma’aden – Saudi Arabian Mining Company
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Ma’aden – A diversified group serving domestic & global markets
Copper Ma’aden – Saudi Arabian Mining Company
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Ma’aden is one of the world’s fastest growing mining companies
2014* 2007 5 gold mines World scale Phosphate complex World scale Aluminum complex Led over SAR 100 billion investment 4 gold mines Phosphate JV signed 44x SAR 11 MM Revenues SAR 240 MM 6,500 8x Employees 800 SAR 74 bn 12x Assets SAR 6 bn * YTD Expected 2014 Ma’aden – Saudi Arabian Mining Company
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Ma’aden Builds and Operates Across the KSA
Including Two New Industrial Cities Ma’aden headquarters GOLD MINES Wa’ad Al-Shamal Al Jalamid 5 gold mining facilities 2 mines under construction 137 K Oz average annual production Ba’aitha Ras Al-Khair Dammam PHOSPHATE Phosphate mine – 11 mmt Phosphate production – 3.0 mmt Riyadh ALUMINIUM Bauxite mine – 4 mmt Aluminium production – 740 Kmt Jeddah INDUSTRIAL MINERALS Production of caustic magnesia Magnesite mine Kaoline & low grade bauxite Passenger Railway Mineral Railway Phase Phase 2 Ma’aden – Saudi Arabian Mining Company
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Ras Al Khair: “Arguably the most ambitious single phase industrial scheme ever conceived in the Middle East” MEED 23/12/14 Challenge: collaboration across many infrastructure stakeholders Project Studies ( ) Ma’aden led initial social and environment assessments Master planning Plan & Build Facilities ( ) Ma’aden led design and building & developed governance process Ma’aden, under the Ministry of Petroleum and Minerals, coordinated with: Saudi Arabia Railway Saudi Ports Authority Saudi Electric Company Saudi Aramco Saudi Water Corporation Public Investment Fund Ministry of Transportation Total investments over SAR 120 bn Transfer Operations (2011…) Handover to RCJY Further SAR 10 bn investment 2005 2014 Ma’aden – Saudi Arabian Mining Company
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and Downstream Industries
Ras Al-Khair Mining Industrial City – Delivered Multi-commodity Industrial City Port access to key global markets Approx. SAR 35 bn to Saudi GDP Approx. 25,000 direct & indirect jobs SWCC (Power) Aluminium Complex Village Saudi Port Authority SAR Phosphate Complex Future Expansions and Downstream Industries Ma’aden – Saudi Arabian Mining Company
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Wa’ad Al Shamal: The Largest Ever Industrial Development in the Interior of Saudi Arabia
Challenge: to maximise local social and economic benefit to remote northern communities Project Studies ( ) Ma’aden led an environmental and social impact assessment Master Planning Regional Gaps Identified (2012) Local Communities Highest unemployment in KSA Low private sector involvement Lack of English skills Need for on job mining training Local Companies Most local firms only 10 staff Local suppliers lack info about market opportunities No major industrialization Ma’aden Localization Strategy (2013) Local Communities Upgrade skills of local youth Saudi Mining Polytechnic Sponsor/operate 2 high schools Mubadarah program (RCJY) Local Companies Enable local SMEs to build capacity Local content requirements Wa’ad Opportunities website Community Develop. Centre Ma’aden – Saudi Arabian Mining Company
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Wa’ad Al Shamal: Delivering Opportunities to a Remote Community
9 Wa’ad Al Shamal: Delivering Opportunities to a Remote Community Diversification and Jobs 25,000 direct and indirect jobs Adds SAR 15 Bn to Saudi GDP Over 20 downstream investment opportunities Saudi Mining Polytechnic Partnership with TVTC Arar facility for up to 500 students Expanding to new facility in Wa’ad Al Shamal Community Development Centre 12% of jobs from contractors locally filled 10% of contract value to be spent locally Industrial/commercial investment opportunities Ma’aden – Saudi Arabian Mining Company
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For Ma’aden, Regional Development is About People
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THANK YOU SIDF Forum - January 2015 Aluminium Phosphate Gold Copper
Infrastructure Copper Ma’aden – Saudi Arabian Mining Company
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