Saudi Arabian Mining Company (Maaden) has announced the commencement of initial diammonium production at its subsidiary, Maaden Waad Al Shamal Phosphate Company (MWSPC).
During initial production, MWSPC will gradually ramp-up until it reaches the 3 million t production capacity. The impact on earnings will be recognised following the declaration of commercial production.
Maaden, The Mosaic Company and Saudi Basic Industries Corporation (SABIC) own 60%, 25% and 15%, respectively, of the joint venture developing the Waad Al Shamal Phosphate project.