Maaden starts commercial operation of diammonium phosphate

01/02/2012 Tadawul

Further to the Companys announcement on 28/10/1432H corresponding to 26/09/2011G, Saudi Arabia Mining Company (Maaden) announces the beginning of commercial operation of Diammonium Phosphate (DAP) starting today 09/03/1433H corresponding 01/02/2012G at the Maaden Phosphate Company (MPC) complex at Ras Al Khair. The entire Phosphate project is now fully in commercial operation . 
The plant production shall gradually increases in the coming few months , until it reaches the designed capacity of 3 million tonnes annually. 
Note that the financial effect will be shown in the companys 2012 first quarter financial results. 
MPC is a joint venture project between the Saudi Arabian Mining Company, Maaden and Saudi Basic Industries Corporation (SABIC), 70% for Maaden and 30% for SABIC. 
 

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