VOL. XLVI

No 16

21-April-2003

SAUDI ARABIA

Bechtel Wins Study Contract For Ma'aden Aluminum Project

State-owned Saudi Arabian Mining Company (Ma'aden) has chosen the USs Bechtel to carry out an SR30mn ($8mn) feasibility study for a planned $3.2bn aluminum project, officials at the Saudi company said on 14 April. Under the proposed project, a further $1.2bn will be invested in an operation to develop phosphate mining at Zubaira in north of the kingdom. Bechtel will evaluate plans to set up a 3.4mn...