Maaden Can the Saudi Arabian Mining Behemoth Achieve its Sustainability Goals
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I was privileged enough to get a chance to visit Maaden in 2016. The company’s headquarters is located on the outskirts of Riyadh, Saudi Arabia. The Saudi Arabian Mining company is a unique beast; it has achieved unprecedented success through innovative solutions. Maaden is an engineering, procurement, and construction (EPC) company with operations in oil and gas, mining, and infrastructure. The company was established in 1992 to explore and develop the
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In 2019, the Saudi Arabian Mining Company (Maaden) made a bold move by committing to become carbon neutral by 2030. Its vision for sustainability is to make the company a carbon-neutral mining enterprise by 2030, while achieving economic, social, and environmental benefits along the way. To achieve this, Maaden adopted several strategies, such as optimizing energy consumption, implementing renewable energy, and promoting eco-friendly materials. To start with, Maaden
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Maaden is a Saudi Arabian mining conglomerate that has been operating since 2004. Their main business is mining and processing gold, copper, and other minerals from its five deposits located on the northeastern coast of the kingdom. In 2017, Maaden launched a multi-billion dollar sustainability initiative, aimed at achieving a net-zero carbon footprint and reducing water usage at their sites. The project is part of the Saudi Vision 20
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As a business student, I’m passionate about sustainable practices and the world we live in. I have written about the need for corporations to implement sustainable practices, but I didn’t expect to be in charge of a massive corporate enterprise like Maaden in Saudi Arabia. Saudi Arabia is the world’s second-largest oil producer, with significant reserves of minerals that are essential to the manufacturing and production of the country’s economic growth. In order to diversify its economy, Maaden is focusing on
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As Saudi Arabia’s largest private sector company and the first publicly traded Saudi mining company, Maaden is aiming to be a global player in mining, exploration, and investment. i was reading this In pursuit of this goal, the company has set a set of ambitious sustainability goals for the coming years: 1. Double-Digit Cash Flow Growth: Maaden is committed to achieving a 10% net cash flow margin by 2025. To do this, the company plans to focus
