VOL. XLV

No 42

21-October-2002

SAUDI ARABIA

Riyad Bank/Australia And New Zealand Banking Group To Oversee Ma'aden Bauxite Study

State-owned Saudi Arabian Mining Company (Ma'aden) on 14 October announced that it had signed a financial consultancy agreement with Riyad Bank and the Australia and New Zealand Banking Group for an economic feasibility study of a planned $3.2bn bauxite/aluminum project. Preliminary studies have shown that bauxite deposits at al-Zabirah, between al-Qassim and Hail in the...