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Wisnoski

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  • Previous map deletedPhosphate moved inland from borderRailway label dropped to lower position (to avoid confusion with Iraq)
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    • 1. Infrastructure at work:The Ma’aden Alcoa $10.8bn JV in the Kingdom of Saudi ArabiaKenneth P. WisnoskiPresident, Alcoa Global Primary Products Growth
    • 2. The Ma’aden Alcoa aluminium joint venture: first-mover advantage Mine Refinery Smelter Rolling Mill• Al Ba’itha mine • Located at Ras Al Khair • Co-located with • Co-located with Smelter Refinery at Ras Al Khair at Ras Al Khair• 4.25 MMT annually • First Alumina Refinery in GCC • 740 – 780 KMT annually • 380 KMT annually• 30+ years of reserves • • 1.8 – 2.1 MMT annually Designed for expansion • Designed for expansion• North-South railway to • transport bauxite • Designed for expansion Ingots, billets, T-bar and slabs for Rolling Mill • Body, end & tab stock for aluminum cans• Operational 2014 • Operational 2014 • Operational 2013 • Operational 2013 Phase II Phase I 2
    • 3. Foundation for an entire new industry Government of the Kingdom of Saudi Arabia 2400 MW Ownership in 1,719 km Direct Project Infrastructure Fuel Port FacilitiesPower Plant Ma’aden Railroad Finance Support Aluminum Project 3
    • 4. “Ultimately theobjective is to createopportunity andprosperity for thecitizens of SaudiArabia and prosperityand profits for thepeople who invest inthe Kingdom.” H.E Adel A. Al Jubeir Saudi Arabian Ambassador to the United States 4
    • 5. Regional and global leaders in partnershipMa’aden: Established as a Saudi Arabian joint stock company in March 1997 to facilitate the development of Saudi Arabia’s non-petroleum mineral resources and to diversify the Kingdom’s economy . Already a world-class mineral enterprise .Alcoa: Established 1888. World’s leading producer of primary aluminum, fabricated aluminum and alumina. Operating in 31 countries Supplies aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets. 5
    • 6. Key Global Megatrends Are Shaping The Future Population Growth Urbanization Environment Energy consumption risingGlobal population rising Population in cities  Increase of 54% by 2025  2006: 6.6 billion  2006: > 50%  Driven by developing countries  2025: 7.9 billion  2030: > 60% Personal transport rising  2050: 9.1 billion  Increase of 40% by 2030 Greenhouse gas regulation 6
    • 7. Aluminum Will Need Rapid Growth To Meet DemandBauxite (MMT/year) Alumina (MMT/year) Aluminum (MMT/year) 400 156 73 Industry 2X 2X 2X Growth: 6.5% CAGR 214 82 39 2010 2020 2010 2020 2010 2020 19 MMT per year 7 MMT per year 3 MMT per year ~$30 billion in 4x Ma’aden 4x Ma’aden refineries 5x Ma’aden smelters Investmentsbauxite mines per year per year per year per year 7
    • 8. Al Baithabauxite mine Railway(600 Ras Al Khair km) Industrial Complex: Smelter, Refinery, Rol ling Mill, Port 8
    • 9. Speed of progress Signed JV Agreement December 2009 Ground break smelter and rolling mill June 2010 First concrete for smelter October 2010 Phase 1 financial close November 2010 Ground break refinery August 2011 First concrete rolling mill August 2011 First pot shells on site August 2011 Phase 2 financial close Today!First production-smelter and rolling mill 2013First production-mine and refinery 2014 9
    • 10. World’s longest potrooms: 1.3 km 10
    • 11. “It helpstransformthe landscapeSo of all thejoint venturesgoing ontoday, this onemight be themoststrategicallyimportant.” Hon James B. Smith Ambassador of the United States to the Kingdom of Saudi Arabia 11
    • 12. 12