Rio Tinto Alcan Inks Technology Deal with Saudi Mining Company, Ma'aden.
Rio Tinto Alcan today announced the signing of two key agreements with Ma'aden, a Saudi Arabian mining company, to further its mine-to-metal aluminum project in Saudi Arabia.
The technology transfer agreement provides Ma'aden with Rio Tinto Alcan's AP smelting technology, while the cooperation agreement will provide for various other types of project support.
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
"With these agreements in place, Ma'aden will have access to AP technology, which has been successfully implemented in aluminum smelters worldwide. We are pleased to further our strong relationship with Ma'aden and the Kingdom of Saudi Arabia, and to offer both our proven technology and our extensive operational expertise," said Sandeep Biswas, Senior Vice President, Business Development, Rio Tinto Alcan. "These agreements strengthen our presence in the Middle East and will enable Rio Tinto Alcan to explore opportunities in this important region."
Under the terms of the cooperation agreement, Rio Tinto Alcan will offer various types of support at Ma'aden's request, including technical services, research and development assistance, management services and aluminum offtake support. Rio Tinto Alcan will also be involved with procurement and supply of alumina and other raw materials.
The technology transfer agreement represents the first industrial application of AP37 technology in a greenfield project, with provisions to upgrade the Ma'aden facility to AP39 technology in the future. AP technology is recognized throughout the aluminum industry as the most energy efficient and environmentally friendly smelter technology commercially available, the company said.
For more information, visit www.riotintoalcan.com and www.maaden.com.sa.
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|Date:||Mar 2, 2009|
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