US-Saudi Business Opportunities US-Saudi Business Opportunities ForumForum
Saudi Arabian Mining Company Saudi Arabian Mining Company Company Company
29 April 201029 April 2010Mohammad BajbaMohammad Bajba
Introduction
Evolution of Ma’aden
Ma’aden Current Business
Ma’aden Aluminum Project
Available Infrastructure
Future Opportunities
Table of Contents
Government investment in infrastructure
to promote diversification facilitates growth
of minerals industry and downstream
opportunities.
Well positioned for growth as Saudi
Arabia expands into new industries to take
advantage of abundant mineral resources
and well advanced infrastructure.
MA’ADEN
Beginning Gold Development Mining Law & Railway Expansion & GrowthCapitalization
1997~1999
1997~1999
2000~2002 2003~2006
2009~2007~2008
1997Established
199950% of Petromin interest in SCPM
2000Al Hajar Gold Mine
commissioned
2002Bulgah Gold Mine
Opened
2004KSA Mining
Investment Law
2006North-South
Railway approved by Council of
Ministers
2009Aluminum Joint
Venture with ALCOA
ECA with SWCC
TodayPublicly traded
company (CAP over SR.9,25B
With aspiration for massive growth
2007Phosphate Joint
Venture with SABIC
2008Completed IPO
50% share public
Evolution of Ma’aden
Ma’aden Operation’s (KSA)
Current Business
World class diversified mining
and minerals group.
Organized to develop non-
petroleum resources into
competitive industries.
Mines Started Years of Operation
Gold Production (1988 to 2009)
Mahd 1988 23 2,131,043 oz
Sukhaybarat 1991 20 952,586 oz
Al Hajar 2001 10 254,263 oz
Bulghah 2003 8 488,817 oz
Al Amar 2008 3 86,359 oz
Total 3,913,068 oz
World Competitive Gold Mines
Ma’aden Gold Mines
Al Khabra ProjectAl Khabra Project Ma’aden Phosphate Company Ma’aden Phosphate Company
Feasibility Study Will be completed
August 2010
93% CompletedS/U 4thQ 2010
70% 30%
Ma’aden Phosphate Project
Ma’aden PhosphateMa’aden Phosphate
9
Introduction
Evolution of Ma’aden
Ma’aden Current Business
Ma’aden Aluminum Project
Available Infrastructure
Future Opportunities
Table of Contents
Ma’aden Aluminum Project
Lowest Aluminum cost worldwide
Fully integrated complex (Mine & Refinery/ Smelter/Rolling Mill)
Leading role in advancing Local and Regional economy as a major hub for the Aluminum and downstream sectors
A catalyst for the generation of significant new businesses and employment opportunities
1,350 MW
SWCC
Export Sales
Domestic Sales
Aluminum Smelter740 ktpy
Rolling Mill380 ktpy
Rolling SlabRolling Slab
Aluminum Standard Ingot
& T-Bar
Aluminum Standard Ingot
& T-Bar
Flat Rolled Products
Flat Rolled Products
Phase 1
Bulk AluminaBulk Alumina
Phase 2
BaiythaMINE
4,000 ktpy (dry)
Alumina Refinery1,800 ktpy
Bauxite OreBauxite Ore
AluminaAlumina
One Project - Two Phases
AramcoAramco
Mine &Refinery
4 Mt Mine Capacity1.8 Mt/yr (SGA)
Rolling MillHot mill : 460 Kta Cold mill: 250 Kta
SWCC PROJPower : 2400 MW Water : 1,025,000
M3/D
Heavy Crude Oil8,000 BPD
Heavy Crude Oil8,000 BPD
Natural Gas500
mmscf/d(309+191)
21mmscf/da
y(MAC)
Natural Gas500
mmscf/d(309+191)
21mmscf/da
y(MAC)
National Water Grid
1,000,000 tpd water
National Water Grid
1,000,000 tpd water
Gas (521
mmscf/day)
New Circuits
National Electricity Grid
1,050 MW
National Electricity Grid
1,050 MW
610
4594
7268Smelter
740 ktpa Alum.(AP37)2 PL – 360 Pots/line
As per “MinPet“ Resource Allocation letter
dated 7th July 2009
Aluminum Complex - Utilities
SWCCPower
SWCC Water
Ma’adenPower
Ma’adenWater
Combined Power Project with SWCC
Economies of scale- Capital - single EPC, building cost- Operating - single O&M contract
Significantly lower capital investment Improved efficiencies by cogenerating of power & water
Larger Station with Efficient Energy Utilization
SWCCpower
SWCC waterMa’aden
powerMa’aden
Water
2400MW 1.025 M m3/d
Ma’aden off take 1350MW
& 0.025 mM3/d
1050MW to SEC
SWCC Off take1M m3/d
50MW DS industries
in RSZ
Introduction
Evolution of Ma’aden
Ma’aden Current Business
Ma’aden Aluminum Project
Available Infrastructure
Future Opportunities
Table of Contents
Saudi Railway Company
• Longest Worldwide (1,500KM)
• Overall performance for mineral line is 97%
• Expected completion
date is Sep. 2010
Port Development
• 23 Km2 Area
• Six Berths
• Expected Completion
date is Nov. 2010
Minerals Industrial City
• Strategic metals & minerals industry clusters
• Center of excellence
• Jubail Industrial City Partnership
National Infrastructure Enhancement
Introduction
Evolution of Ma’aden
Ma’aden Current Business
Ma’aden Aluminum Project
Available Infrastructure
Future Opportunities
Table of Contents
Natural resources
Clear mining laws
Expanding supplier & services
Liquidity & Stability
Advance infrastructure
Proximity to markets
Access to energy
Advantages for Investors
Casting Products
Rolled Products
Aluminum End-user Applications
Wires & Cables
Extrusions
Actively seeking partnership opportunities
Joint ventures
Investment
Technology
Suppliers and professional service
Massive exploration potential
Opportunities for Partnership
Thanks …
