Facing today’s challenges

Preparing for tomorrow’s opportunities

Annual Report

2016

Vision

Sustainable mining champion with global presence

Mission

Champion the responsible development of the mining sector as the third pillar of the Saudi industry by maximizing the value of the mineral resources for our stakeholders and adopting best-in-class practices.

Values

 


Ownership
Personal responsibility and empowerment of others for quality results in pursuit of our collective


Integrity
Honesty, fairness and the highest ethical and business standards in our relationships with each other and with our stakeholders.


Teamwork
Communication and collaboration with each other and with our partners to achieve success together.


Care
Concern and respect for our people, the communities we touch and the environments we operate in.

Ma’aden is the mining and
metals industry leader in
Saudi Arabia and the
largest multi-commodity
mining and metals
company in the Middle
East region.

Ma’aden is amongst the
fastest growing mining
companies in the world

Ma’aden is aligned with
Saudi Arabia’s Vision
2030 and the National
Transformation Program.
We adopted a new vision
and realigned our
strategy in 2016.

We are focused on
building a resilient
business through
excellence and by
continuing to pursue
attractive growth
opportunities.

Custodian of the Two Holy Mosques

King Salman Bin Abdulaziz Al Saud

Crown Prince and Deputy Premier
and Minister of Interior 

Prince Mohammad Bin Naif Bin Abdulaziz

Deputy Crown Prince and Second
Deputy Premier and Minister of Defense

Prince Mohammad Bin Salman Bin Abdulaziz

Mining for the world

Phosphate fertilizers

Saudi Arabia is rich in phosphate rocks that have proven their superior quality.

Phosphate rock is the collective name for commercially viable phosphorous found in ore bodies (typically with associated carbonates and silicates).

Most phosphate fertilizers are manufactured from phosphate rock. Diammonium Phosphate (DAP) and Monoammonium phosphate (MAP), a close alternative to DAP, are the primary phosphate fertilizers in the world today, and we produce both.

Our phosphate fertilizers play a vital role in boosting agricultural production around the world

Aluminium

Aluminium is the world’s second largest metals industry.

Global aluminium consumption is typically driven by a wide range of end-use sectors such as construction, transportation, packaging and industrial engineering. The transportation and packaging industries have shown the strongest growth in demand, followed by the construction sector.

Our range of aluminium products include beverage cans and automotive sheets

Gold

Gold enjoys a special position in our product portfolio — not only because of its status as a precious metal, but also because we started our business with gold.

Unlike other metals, gold is perceived as a store of wealth and has a value not entirely driven by its utility as a material.

Gold has been used in coinage, jewellery and in various other practical applications for thousands of years.

Gold prices are driven by factors that are distinct from those that determine the market value of other metals.

Our gold operations are on a new growth trajectory

Industrial minerals

Industrial minerals are used as raw materials or additives in industries ranging from construction to ceramics and paint to plastics.

A large number of products that we use in our daily lives contain more industrial rocks and minerals than other metals. A typical house, for example, is said to contain about 150 tonnes of industrial minerals through its use of glass, cement, ceramics and paper. The average car uses between 100-150 kilograms, including rubber and plastic fillers and glass.

Our range of industrial minerals include low-grade bauxite, kaolin, caustic calcined magnesia, dead burn magnesia and monolithics.

Copper

The oldest metal object found in the Middle East, dating back over 7,000 years, reportedly consisted of copper – the shiny, reddish metal. It is known as the first metal to be worked by humans.

For Ma’aden, copper was only a by-product of our gold mines until recently, but now our newly built copper production joint venture exports copper concentrates to world markets.

Our Rankings

1st
Fastest growing listed
company in the GCC

10th
Largest mining company in
the world based on market
capitalization

31st
Amongst the top 100
companies in the Arab
World 2016