Deals and financing (4)

1. 2025-11-19 · Joint venture · announced

   Saudi Arabian Mining Company (Ma'aden) → MP Materials; U.S. Department of War · Saudi rare earth refinery

   Ma'aden, MP Materials and the US Department of War agreed to develop a rare earth refinery in Saudi Arabia, with Ma'aden holding at least 51% and MP plus the Department jointly 49%.

   official release

2. 2024-09-16 · Acquisition · signed · US$1,100 m

   Saudi Arabian Mining Company (Ma'aden) → Alcoa Corporation · Ma'aden aluminium joint venture (Ras Al Khair bauxite mine, alumina refinery and smelter)

   Alcoa agreed to sell its 25.1% interest in the Ma'aden aluminium joint venture to Ma'aden for about USD 1.1 billion, comprising about 86 million Ma'aden shares (USD 950 million) and USD 150 million in cash.

   official release

3. 2024-04-30 · Acquisition · signed · US$1,500 m

   Saudi Arabian Mining Company (Ma'aden) → The Mosaic Company · Ma'aden Wa'ad Al Shamal Phosphate Company (MWSPC)

   Mosaic agreed to exchange its 25% stake in Ma'aden Wa'ad Al Shamal Phosphate Company for 111 million new Ma'aden shares valued at about USD 1.5 billion.

   official release

4. 2023-01-11 · Joint venture · completed · US$126.4 m

   Saudi Arabian Mining Company (Ma'aden) → Ivanhoe Electric Inc. · Ma'aden Ivanhoe Electric Exploration and Development (Arabian Shield)

   Ma'aden bought 9.9% of Ivanhoe Electric for about USD 126 million and the two formed a 50:50 joint venture to explore about 48,500 km2 of the Arabian Shield for copper, nickel, gold and silver using Typhoon surveys.

   official release