Saudi Maaden Restarts Fertiliser Plant

The mining firm shut down the plant for three weeks for maintenance.



A subsidiary of Saudi mining firm Maaden restarted a diammonium phosphate (DAP) fertiliser plant in Ras al-Khair on Saturday after it shut it down for maintenance during a period of low seasonal demand, Maaden said.

Maaden will ramp up output on Feb. 18 as scheduled, it said late on Saturday in a bourse statement.

In January, the Saudi firm said the three-week shutdown would have no impact on its ability to meet its obligations to customers of the industrial fertiliser and that the ammonia plant at Ras al-Khair would continue to operate normally.

Maaden Phosphate Co is 70 per cent-owned by Maaden and 30-per cent held by Saudi Basic Industries Corp (SABIC).