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FINANCIAL NEWS
Saudi�s Maaden begins production at alumina refinery
03 Oct 2016
(MENAFN) Saudi Arabian Mining Co. (Maaden) proclaimed that a subsidiary started commercial production at alumina refinery.
Additionally, production will reach maximum annual capacity of 1.8mn tons of alumina by the beginning of next year.
The subsidiary is 74.9 percent owned by Maaden and 25.1 percent owned by US firm Alcoa.
Accordingly, earnings from the venture would start to have an influence on its results in the fourth quarter of this year.
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