Alcoa Inks $10.8B Aluminum Deal With Ma'aden

Law360, New York (December 21, 2009, 5:41 PM EST) -- Aluminum giant Alcoa Inc. has forged a deal with Saudi Arabian mining company Ma'aden to develop a $10.8 billion aluminum complex in a joint venture slated to become the world's lowest-cost supplier of aluminum products.

Under the terms of the deal, announced Sunday, the companies will form a joint venture to set up a fully integrated industrial complex in Saudi Arabia, the world's top oil exporter.

The joint venture will include a bauxite mine with an initial capacity of 4 million metric tons per year; an...
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