Maaden cuts production in aluminum smelter over operating issues: CEO

12/01/2023 Argaam
Robert Wilt, CEO of Saudi Arabian Mining Co.

Robert Wilt, CEO of Saudi Arabian Mining Co.

Saudi Arabian Mining Co. (Maaden) curtailed production at the aluminum smelter jointly owned with Alcoa Corp. after experiencing operational problems, Bloomberg reported, citing CEO Robert Wilt.

 

He said the company is ramping output back up, adding Maaden stopped work on some of its potlines due to quality-control issues and looked to stabilize the plant.

 

Wilt said that no customers would be impacted, declining to reveal the amount of production affected.

 

The CEO ruled out any impact on the company’s budget.

 

According to data available in Argaam, Maaden owns a 74.9% stake in the joint venture Maaden Aluminium Co. Alcoa holds the remaining 25.1%.

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