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FINANCIAL NEWS
Saudi Ma’aden awards USD2.8m contract to Ventyx
21 Aug 2012
(MENAFN) Ventyx, an affiliate of Swiss engineering firm ABB, inked a USD2.8 million deal with Ma’aden Gold and Base Metals Company to provide its market-leading mining operations software solutions to enhance planning and performance in Ma’aden’s gold operations, the company said in a press release.
Ventyx is a world-leading supplier of Industrial Enterprise Software for essential industries such as energy, mining and public infrastructure.
Ma’aden Gold will implement Ventyx Intelligent Mining Solutions across the four existing gold mines.
Ma’aden Gold is deploying two core mining applications from Ventyx’s mining software portfolio: Ventyx Production Accounting, which streamlines metal accounting and provides insight into plant performance, and Ventyx MineMarket, which allows mining companies to track ore movements from the mine to the plant, manage stockpiles, track and manage logistics, and manage the complex sales and service contracts related to delivering product to their customers.
The company also has plans to significantly boost its gold output in the coming years with a number of new projects due to come online.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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