Generation
Posted By OrePulse
Published: 07 Mar, 2025 09:48
Saudi Arabian mining giant Ma'aden's full-year net profit jumps 82%
Saudi Arabian Mining Company (1211.SE), known as Ma'aden, on Thursday reported 2024 net profit up 82% year on year at 2.87 billion riyals ($765.2 million).
Chief Executive Bob Wilt attributed the results to "record production" and the company's second-highest full-year revenue.
Ma'aden, which operates in gold, aluminium and phosphates, is a key pillar in Saudi Arabia's plan to diversify its economy away from hydrocarbons and is looking to expand mining capabilities in those commodities. ($1 = 3.7509 riyals)
Related Articles
Parliament Committee says no need to review three ...
10 Sep, 2024 07:57
Zimbabwe’s Biggest Miners Seek $182 Million for So...
12 Sep, 2024 06:57
GreenGo Energy Expands into Namibia with Strategic...
12 Sep, 2024 07:51
OPEC Fund approves $1.2 billion for development pr...
13 Sep, 2024 08:59
Floating solar starts to gather pace in Africa, as...
13 Sep, 2024 13:18
Prominent South African energy company files for l...
16 Sep, 2024 11:00
Libyan Export Decline and Fed Speculation Propel O...
17 Sep, 2024 08:00
South Sudan says it is ready to restart pumping oi...
17 Sep, 2024 13:23
Interest grows in Africa’s oil and gas hotspot...
18 Sep, 2024 10:42
South Africa Sanctions New National Petroleum Comp...
18 Sep, 2024 12:37Trending News
Logistic Other
Egypt, Chad review progress on Berenice–Douala development logistics corridor...
07 Aug, 2026 17:52
133 min read
Energy Other
Africa’s renewable energy potential takes centre stage as investors seek path from clean power to industrial growth...
07 Aug, 2026 17:40
125 min read
Precious Metals
Aya Gold & Silver expands its Moroccan exploration portfolio...
07 Aug, 2026 17:00
114 min read
Precious Metals
South African rand edges up as firm gold supports ahead of US jobs data...
07 Aug, 2026 16:27
126 min read