The Maaden Alcoa aluminum joint venture announced yesterday that it has signed a contract worth SR5.6 billion with Hyundai Engineering & Construction Co. Ltd. to construct its alumina refinery at Ras Al-Khair in the Eastern Province.
The contract includes completing detailed engineering, procurement, construction, pre-commissioning, commissioning assistance, startup assistance and training services.
The alumina refinery forms part of the fully integrated aluminum project under construction by project partners Maaden and Alcoa. The project also includes a bauxite mine at Al-Baitha and an aluminum smelter and rolling mill, both at Ras Al-Khair.
The refinery will have an annual production capacity of 1.8 million tons of smelter-grade alumina and is scheduled for completion by the end of 2014.
This refinery will be equipped with the most advanced technologies available.
Maaden in SR 5.6 bn deal with Hyundai for alumina refinery
