Saudi Miner Ma’aden secures ECA investment

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28 October 2011

Saudi Mining company Ma’aden secures investment for its bauxite mine and alumina refinery including funds from Canadian export credit agency EDC.

Canadian export credit agency EDC is participating in a $2.15 billion loan to the Saudi Arabian Mining Company (Ma’aden) and Alcoa for its bauxite mine and alumina refinery.

The lenders will fund 60% of the total...

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