Metals
US$1 billion expansion of Sohar steel plant
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Jindal Shadeed Iron & Steel LLC believes that capital investments in its integrated steel complex at the Port of Sohar will total around US$1billion.
Rajhi Steel to build new heavy steel complex
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Saudi-based Rajhi Steel plans to set up a US$4 billion heavy steel complex at King Abdullah Economic City (KAEC) and will obtain dry gas from Aramco, the Saudi Press Agency (SPA) reported.
Aluminium output set to grow in 2011
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Rusal, the world's largest aluminium producer, said that it sees steady output growth in 2011 for aluminium, driven by strong demand from China and a rebound in North America.
Ma'aden signs two joint ventures
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Ma'aden, The Saudi Arabian Mining Company, signed financing contract on two joint ventures with Alcoa Inc. worth US$2.1 billion with the Public Investment Fund (PIF).
Middle East to become a major player in mining industry
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A report by Deloitte said that in terms of production and investment opportunity, the Middle East is set to become a key player in the metals and mining industry.
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