VOL. XLII
No 51
20-December-1999
SAUDI ARABIA
Saudi Arabias Ma'adin Buys Out Boliden From Gold MineVenture
The state-owned Saudi Arabian Mining Company (Ma'adin) hasannounced the purchase of the 50% stake held by its joint venture partnerBoliden a Canadian-Swedish company in a gold project at Sukhaybarat, in theal-Qasim region, 750 kilometres northeast of Jiddah. The deal was reported bySaudi officials to be worth SR26mn ($6.9mn). Ma'adin now has total ownership ofthe venture, operated by the...
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