FLSmidth & Co. A/S, a Danish technology and service supplier to the global mining and cement industries, reported that it has been selected by Saudi Arabian Mining Co. (Ma’aden) to supply the key technologies and services for Ma’aden’s Phosphate 3 phase 1 phosphate mine site in the Northern Province of Saudi Arabia.
The order is valued at about DKK530 million (approximately $78 million at current exchange rates) and was booked in the third quarter of this year, the Danish company said in an Aug. 7 media statement. The equipment is expected to be fully integrated during 2025.
Under the new order, FLSmidth will supply all the key equipment associated with the phosphate beneficiation plant as well as technical support services through the design, construction, commissioning, and ramp-up phases.
The first phase of Ma’aden’s ambitious Phosphate 3 project is targeting the installation of an additional 1.5 million mt/y of phosphate fertilizer production capacity by 2025, with a second phase eying a further 1.5 million mt/y of phosphate fertilizer production capacity.
Ma’aden CEO Robert Wilts told participants at an earnings call in late May that the project was “accelerating towards a final investment decision later this year” (GM June 2, p. 24). The first plant in the Phosphate 3 project, a 1.1 million mt/y capacity ammonia plant at the Ras Al-Khair Industrial City facility, is already operational (GM Nov. 4, 2022).