2. Table of Contents Introduction Evolution of Ma’aden Ma’aden Current Business Ma’aden Aluminum Project Available Infrastructure Future Opportunities
3. MA’ADEN Government investment in infrastructure to promote diversification facilitates growth of minerals industry and downstream opportunities. Well positioned for growth as Saudi Arabia expands into new industries to take advantage of abundant mineral resources and well advanced infrastructure.
4. Evolution of Ma’aden 1997~1999 2000~2002 2003~2006 2009~ 2007~2008 Beginning Gold Development Mining Law & Railway Expansion & Growth Capitalization 1997 Established 1999 50% of Petromin interest in SCPM 2000 Al Hajar Gold Mine commissioned 2002 Bulgah Gold Mine Opened 2004 KSA Mining Investment Law 2006 North-South Railway approved by Council of Ministers 2009 Aluminum Joint Venture with ALCOA ECA with SWCC Today Publicly traded company (CAP over SR.9,25B With aspiration for massive growth 2007 Phosphate Joint Venture with SABIC 2008 Completed IPO 50% share public
8. Ma’aden Phosphate Project Ma’aden Phosphate 30% 70% Ma’aden Phosphate Company Al Khabra Project 93% Completed S/U 4thQ 2010 Feasibility Study Will be completed August 2010
9. 9 SWCC Downstream Industries Port and Sea Water Basins Aluminum Phosphate
10. Table of Contents Introduction Evolution of Ma’aden Ma’aden Current Business Ma’aden Aluminum Project Available Infrastructure Future Opportunities
11. Ma’aden Aluminum Project Lowest Aluminum cost worldwide Fully integrated complex (Mine & Refinery/ Smelter/Rolling Mill) Leading role in advancing Local and Regional economy as a major hub for the Aluminum and downstream sectors A catalyst for the generation of significant new businesses and employment opportunities
12. One Project - Two Phases 1,350 MW SWCC Baiytha MINE 4,000 ktpy (dry) Bauxite Ore Alumina Refinery 1,800 ktpy Bulk Alumina Alumina Export Sales Aluminum Smelter 740 ktpy Aluminum Standard Ingot & T-Bar Phase 2 Rolling Slab Rolling Mill 380 ktpy Flat Rolled Products Domestic Sales Phase 1
13. Aluminum Complex - Utilities Mine &Refinery 4 Mt Mine Capacity 1.8 Mt/yr (SGA) Water (Potable (13,000 mt/d (minimum)) 610 As per “MinPet“ Resource Allocation letter dated 7th July 2009 64 mw Water ( Distillate (12,000 mt/d (maximum)) Rolling Mill Hot mill : 460 Kta Cold mill: 250 Kta Aramco Gas (21mmscf/day) 4594 52.3 mw Heavy Crude Oil 8,000 BPD 1228.5 mw (ICH & system losses) Smelter 740ktpa Alum.(AP37) 2 PL – 360 Pots/line Natural Gas 500 mmscf/d (309+191) 21mmscf/day (MAC) 7268 (1,350 MW) Electricity Gas (521mmscf/day) SWCC PROJ Power : 2400 MW Water : 1,025,000 M3/D New Circuits National Water Grid 1,000,000 tpd water National Electricity Grid 1,050 MW
16. Table of Contents Introduction Evolution of Ma’aden Ma’aden Current Business Ma’aden Aluminum Project Available Infrastructure Future Opportunities
24. Table of Contents Introduction Evolution of Ma’aden Ma’aden Current Business Ma’aden Aluminum Project Available Infrastructure Future Opportunities
25. Advantages for Investors Natural resources Clear mining laws Expanding supplier & services Liquidity & Stability Advance infrastructure Proximity to markets Access to energy
27. Opportunities for Partnership Actively seeking partnership opportunities Joint ventures Investment Technology Suppliers and professional service Massive exploration potential
The mines currently in operation include underground mines at Mahd Ad Dahab and Al Amar with the rest being open pit. Most of our current operations are polymetallic and as well as producing the gold that you see one the slide, also produce silver, copper, zinc and lead in smaller quantities. We carry out extenive generative exploration programs at the mine sites to extend thelife of the mine where possible. In fact, Mahad was due to close about seven years ago but so far, we’ve kept on finding more. Al Amar is the newest of Hope all’s well and would be really grateful for a steer as to who to ask if it is being shown. A’aden’s mines and also the first mine in the central province only a two hour or so drive from Riyadh.