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2010 Nibh Nm

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nibh Nm LSE:2010 London Ordinary Share ZAE000019030 NEDCOR INVEST BANK NM
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Saudi Arabia Delays Trial Of Phosphate Mining Railway To 2Q

05/01/2011 5:12pm

Dow Jones News


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CAIRO (Zawya Dow Jones)--Saudi Arabia has deferred to the second quarter of this year plans to start trial operations at a railway designed to transport phosphate and bauxite ore, state-run Saudi Press Agency, or SPA, reports Wednesday, citing a senior rail official.

Saudi Railway Co., or SAR, has so far executed 1,213 kilometers of the 1,486 kilometers railway, said Mansour Bin Saleh Al Maiman, the firm's chairman, according to SPA.

Al Maiman gave no reason for the delay, from the end of 2010.

SAR has previously said the line, which will serve projects developed by Saudi Arabian Mining Co. (1211.SA) with Saudi Basic Industries Corp. (2010.SA) and U.S. aluminum giant Alcoa Inc. (AA), is expected to be in operation by the end of 2010.

The planned railway will link the phosphate mine at Al Jalamid and the bauxite mine at Az Zabirah to the processing facilities at Ras Azzour, on the Gulf coast.

Maaden is doubling capacity at its Saudi fertilizer plant to 6 million metric tons a year. It will use phosphate from a deposit at Al Jalamid and local gas and sulfur supplies to manufacture the fertilizer diammonium phosphate, or DAP.

Maaden is also developing a fully integrated complex refinery with Alcoa, which will be the world's lowest-cost supplier of primary aluminum, alumina and aluminum products.

-By Summer Said, Dow Jones Newswires; +966-546-842-373; summer.said@dowjones.com

 
 

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