01 January 2019
Saudi Arabian Mining Company (Ma’aden) said one of its subsidiaries, Waad Al Shamal Phosphate, has started commercial operation of its diammonium phosphate plant located at Ras Al Khair city.
Waad Al Shamal Phosphate is 60 per cent owned by Ma’aden, while 25 per cent of the stake lies with the Mosaic Company and the rest with Saudi Basic Industries Corporation (Sabic).
Ma’aden said it will work towards gradually boosting the plant’s annual production capacity to three billion tonnes. The company recently launched construction of the third phase of its phosphate projects, Phosphate 3.