Ma’aden Launches Its Regional Office In South Africa
Ma’aden Launches Its Regional Office In South Africa. Saudi Arabian Mining Company (Ma’aden) announced at the Mining Indaba Conference that it has opened its own regional office in South Africa.
Robert Wilt, CEO of Ma’aden, commented on the new office, “We are pleased to expand our international presence with a new regional office in South Africa. The announcement reinforces our commitment to the African agriculture market, as it is a strategic growth area for our fertiliser business, and part of our long-term value creation plan to grow Ma’aden into one of the top miners in the world.”
He continued to say, “Africa is one of the world’s fastest growing agricultural regions and will generate approximately 30% of global demand for phosphate fertilisers over the next decade. Most of this demand will come from East and South Africa, regions that are near Saudi Arabia. Our new office will allow us to better service South Africa and its neighboring countries, offering supply chain solutions for farmers as we expand our phosphate production volume in the near term to support food sustainability programmes in several African countries.” MA’ADEN is a Saudi state-owned mining company headquartered in Riyadh. It was formed as a Saudi joint stock company on 23 March 1997 for the purpose of facilitating the development of Saudi Arabia’s mineral resources. The Saudi government still owns 50% of its shares while the remaining 50% are listed in Tadawul.
Wilt also touched on the significant progress in achieving Maaden’s ambitious growth goals, consolidating its position as a leading Saudi mining company with a global presence, as well as its contribution to Saudi Vision 2030. MA’ADEN is also working to lead by example on several ESG goals aligned with the Saudi Green Initiative and will look to create value-added partnerships in this domain.
