Ma’aden Aluminium COMPANY (MAC), an affiliate of the Saudi Arabian Mining Company (Ma’aden) has announced that it has signed a contract with Saudi Calcined Petroleum Coke Company (SCPC) for the supply of calcined petroleum coke (CPC) to use in its aluminium smelter facility in Ras Al Khair.
The agreement marks a significant step forward for Ma’aden’s Local Content program, which strives to increase the value of goods and services in the mining industry supply chain that are produced by Ma’aden. It is also a key contributor to the companies Vision 2030 objectives: to diversify sources of income and support the development of local content.
The 5-year contract, which has an overall value of ~40M USD per annum, MAC will receive an annual supply of 100,000 mt of CPC from the start of commercial production at the SCPC facility. This works in line with Ma’aden’s vision of localising its CPC requirement to reach ~320,000 mt per year. Production of CPC and supply to Ma’aden is planned to begin by the end of 2024.
Ma’aden CEO Abdulaziz Al Harbi, commented on the occassion:
“This contract demonstrates the priority Ma’aden places on its commitment to developing the local mining sector in line with the Vision 2030 goal of diversifying the national economy and building new capabilities.”Abdulaziz Al Harbi, Ma’aden CEO
Eng. Riyadh Al-Nassar, Senior Vice President of MAC, elaborated on the contract, explaining how it is a key milestone for Ma’aden:
“Working with SCPC, we will be able to manufacture this product in the Kingdom, where historically we were required to source it from overseas. This will lead to the creation of more jobs and contribute to the prosperity of the local economy, as well as develop new national industrial capability and capacity.”Eng. Riyadh Al-Nassar, Senior Vice President of MAC
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