01 February 2012
Further to the Companys announcement on 28/10/1432H corresponding to 26/09/2011G, Saudi Arabia Mining Company (Maaden) announces the beginning of commercial operation of Diammonium Phosphate (DAP) starting today 09/03/1433H corresponding 01/02/2012G at the Maaden Phosphate Company (MPC) complex at Ras Al Khair. The entire Phosphate project is now fully in commercial operation.
The plant production shall gradually increases in the coming few months , until it reaches the designed capacity of 3 million tonnes annually.
Note that the financial effect will be shown in the companys 2012 first quarter financial results.
MPC is a joint venture project between the Saudi Arabian Mining Company, Maaden and Saudi Basic Industries Corporation (SABIC), 70% for Maaden and 30% for SABIC.
Further to the Companys announcement on 28/10/1432H corresponding to 26/09/2011G, Saudi Arabia Mining Company (Maaden) announces the beginning of commercial operation of Diammonium Phosphate (DAP) starting today 09/03/1433H corresponding 01/02/2012G at the Maaden Phosphate Company (MPC) complex at Ras Al Khair. The entire Phosphate project is now fully in commercial operation.
The plant production shall gradually increases in the coming few months , until it reaches the designed capacity of 3 million tonnes annually.
Note that the financial effect will be shown in the companys 2012 first quarter financial results.
MPC is a joint venture project between the Saudi Arabian Mining Company, Maaden and Saudi Basic Industries Corporation (SABIC), 70% for Maaden and 30% for SABIC.
© Tadawul 2012
