Maaden completes initial feasibility study of phosphate project

Further to the Companys announcement on Tadawul on 06/04/1431H corresponding to 22/03/2010, Saudi Arabian Mining company Maaden announces the completion of pre-feasibility study to exploit phosphate deposits which under Umm Waal license in the Northern Borders Province of Kingdom of Saudi Arabia. 
The project proved to be feasible and therefore Maaden has submitted a proposal for further development of the project to relevant Government Authorities asking for the approval of the licenses and required support in developing the project.