The Clap
Ma’aden’s CEO talked about some of the company’s upcoming projects and their impact. Here are the most prominent statements.
What
- Signing of an engineering services contract for the expansion of Phosphate Project 3, which will result in an increase in phosphate production by 50%
- Signing an acquisition agreement and a joint venture with the American company Ivanhoe Electric, the project will provide the possibility of using their Typhoon technology
- Signing an agreement with the Public Investment Fund to establish a company to invest in mining assets internationally. The company will focus on investing in iron ore, copper, nickel, and lithium.
So What
All these efforts are paired with efforts made by KSA in the field of exploration to explore critical minerals.
