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Rising in the East! Ma’aden and Alcoa Serving

the Regional and Global Aluminium Industry

Arabal Aluminium Conference 14th Nov 2011 - Muscat

Presented by: Eng. Abdullah Busfar

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Content:

• Global Look

• Project History

• Integrated Chain

• Site Progress

• Products

• Infrastructure

• SAMAPCO Aluminium Project, Ras Al-Khair

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Key global megatrends are shaping the future

Population Growth Urbanization Environment

Energy consumption rising • Increase of 54% by 2025 • Driven by developing countries

Personal transport rising • Increase of 40% by 2030

Greenhouse gas regulation

Global population rising

• 2006: 6.6 billion • 2025: 7.9 billion • 2050: 9.1 billion

Population in cities

2006: > 50%

2030: > 60%

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Aluminium will need rapid growth to meet demand

3 MMT/Y

4x Ma’aden smelters per year

7 MMT/Y

4x Ma’aden refineries per year

19 MMT/Y

4x Ma’aden bauxite mines per year

Bauxite (MMT/Y) Aluminium (MMT/Y) Alumina (MMT/Y)

Industry Growth:

6.5% CAGR

~$30 billion in Investments

per year

2X 2X 2X

214

400

2010 2020

82

156

2010 2020

39

73

2010 2020

Source: Maaden-Alcoa

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Content:

• Global Look

• Project History

• Integrated Chain

• Site Progress

• Products

• Infrastructure

• SAMAPCO Aluminium Project, Ras Al-Khair

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Project history

EPCM contracts signed

Rolling mill contract signing with Samsung

Engineering

PIF loan signing

Joint venture with ALCOA

First concrete for smelter ‎& rolling

mill

Energy agreements signed

Site continues to increase momentum

by the week

Oct 2009 Dec 2009 May 2010 Oct 2010

Today June 2011 May 2011

Complete Aluminum project financing

agreements

Oct 2011

Complete aluminium project financing

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Content:

• Global Look

• Project History

• Integrated Chain

• Site Progress

• Products

• Infrastructure

• SAMAPCO Aluminium Project, Ras Al-Khair

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Integrated aluminium chain

Bauxite Mine:

4 MMT/Y from Al-Ba’itha mine

Refinery:

1.8 MMT/Y

Smelter:

740 KMT/Y

Rolling Mill:

Start with 380 KMT/Y

The largest and most efficient vertically integrated aluminium complex in the world

Phase II Phase I

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Ma’aden Alcoa $10.8bn aluminium joint venture

Brings new, globally important industry to Saudi Arabia Inflow of new technologies

New skills and career opportunities

New entrepreneurial opportunities

Thousands of direct and indirect jobs

Reduction of imports; increase in exports

Improve Alcoa’s refining and smelting position on the global cost curve

Offers flexibility for expansion

Establishes strategic footprint in fast-growing region

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Content:

• Global Look

• Project History

• Integrated Chain

• Site Progress

• Products

• Infrastructure

• SAMAPCO Aluminium Project, Ras Al-Khair

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Site progress

Pot Room (outside) Pot Room (outside)

Paste Plant

Site Continues to

Increase

40,000 work-force

to keep

Momentum

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Site progress

Pot Room (outside)

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Site progress

Complex progress

40% for the smelter &

15% for the RM

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Content:

• Global Look

• Project History

• Integrated Chain

• Site Progress

• Products

• Infrastructure

• SAMAPCO Aluminium Project, Ras Al-Khair

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Aluminium products flow to regional & international markets

• The product mix to be produced from the current integrated casthouse are:

• From smelter

• Slabs for the rolled applications

• Or molten aluminium for other applications

• The RAK casthouse will also remelt aluminium scrap.

Standard Ingots: Remelted & alloyed by end-user

T- Bar Ingots Remelted & alloyed by end-user

Billets Extruded for construction application

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Content:

• Global Look

• Project History

• Integrated Chain

• Site Progress

• Products

• Infrastructure

• SAMAPCO Aluminium Project, Ras Al-Khair

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Ras Al-Khair Minerals Industrial City

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Government commitment to establish competitive business environment

2400 MW Power Plant

Fuel Ownership in

Ma’aden Direct Project

Finance Port Facilities

1,500 km Railroad

World class Infrastructure

Aluminium Project

Government of the Kingdom of Saudi Arabia

RAK: Huge Space

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Saudi Railway Company

• 1,500 km

• commissioned

Port Development

• Six Berths • Commissioned

Ras Al-Khair Minerals Industrial City

• RC management • Strategic metals & minerals

industry clusters • Center of excellence

Government commitment to world class infrastructure

Available infrastructure

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Railway map

Ras Al Khair: Aluminium complex

Railway (600 km)

From Bauxite mine to Refinery in RAK

Al-Baithah (Bauxite mine)

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Content:

• Global Look

• Project History

• Integrated Chain

• Site Progress

• Products

• Infrastructure

• SAMAPCO Aluminium Project, Ras Al-Khair

Ma’aden/ Sahara Project (SAMAPCO)

• JV developing production facility to manufacture Caustic Soda & EDC.

• The new company was named “SAMAPCO” and located at Jubail.

• The company will produce 250 KT of Caustic Soda & 300 KT of EDC.

• All Caustic Soda will be used in Ras Al-Khair refinery.

• Expected Startup at Q4 2012.

SAMAPCO site photo

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Thank You

Questions?

2013 … First hot metal in the market