Maaden to launch smelter financing deal
Saudi Arabian Mining Company (Maaden) is planning to launch the financing deal for its $7bn aluminium smelter in the second quarter of 2010, according to bankers close to the project, Meed magazine has reported. Maaden is developing the project in a joint venture with US aluminium company Alcoa. Riyad Bank and Standard Chartered are acting as financial advisers on the scheme. The smelter is expected to start production in 2013.
Posted on Tuesday, February 2-2010
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