1211 · 13/02/2012 08:31:43 · Announcement #24069 · View on Saudi Exchange

Saudi Arabian Mining company Maaden announces the developments related to the feasibility study of phosphate project at Al Khabra and Umm Waal area.

Further to the Companys announcement on Tadawul on 06/04/1431H corresponding to 22/03/2010

Saudi Arabian Mining company Maaden announces the completion of pre-feasibility study to exploit phosphate deposits which under Umm Waal license in the Northern Borders Province of Kingdom of Saudi Arabia.

The project proved to be feasible and therefore Maaden has submitted a proposal for further development of the project to relevant Government Authorities asking for the approval of the licenses and required support in developing the project.

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