Ma’aden and Hanwha signs SR1bn contract for gold processing plant construction in KSA

Ma’aden Gold and Base Metals Company is expected to process 2 million tons of ore per year, and a part of Ma'aden’s plan of setting up new mining facilities around the gold-rich central western region of the Kingdom.

February 26, 2013

Ma'aden

Ma’aden Gold and Base Metals Company has signed a contract worth SR1.018 billion with Hanwha Engineering and Construction for building a Gravity-CIL Gold Processing Plant that will tap into the ore-deposit rich Ad Duwayhi gold mine site situated in Saudi Arabia’s central western region.

Ma’aden President and CEO, Engr. Khalid Al Mudaifer, said the contract included completing detailed engineering, procurement, construction, pre-commissioning, commissioning, start-up assistance and training services.

Engr. Al Mudaifer also reported that the plant will be processing approximately 2 million tons of ore per annum from the adjacent open pit mine, and is scheduled for completion by the end of next year.

The Ad Duwayhi Gold Mine Facility is a key part of Ma’aden’s programme to develop several new gold mine facilities in the central western region of Saudi Arabia which contains much of the Kingdom’s gold-rich ore deposits.

The Ad Duwayhi gold mine site is currently under development in a remote area of the desert between Riyadh and Taif.

The company also estimated that the new facility will produce approximately 180 thousand ounces of gold per annum, and more than 1.6 million ounces over the life of the mine.

The project will help create approximately 144 direct jobs, 200 indirect jobs in the surrounding area, and an estimated 600 jobs with contractors and service suppliers.

Ma’aden will also be sharing its part on the region’s sustainability and providing mining training courses in cooperation with the Missouri University of Science and Technology and TVTC.

 

 

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