The Saudi Arabian Mining Company (Maaden) started on July 8 trial operations at Maaden Waad Al-Shamal Phosphate Co. (MWSPC).
MWSPC’s phosphate output will be gradually ramped up to reach the target capacity of 3 million tons of phosphate fertilizers, Maaden said in a statement to the Saudi bourse.
The mining firm added that the project’s financial impact will show on its financial results after the beginning of commercial operations.
The phosphate project is a joint venture between Maaden, which owns a 60 percent stake in the company, US-based Mosaic (25 percent), and the Saudi Basic Industries Corp (SABIC) (15 percent).
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