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Hanwha Engineering to Build Saudi Gold Plant
Hanwha Engineering and Construction will build a US$271 million processing plant for Ma’aden Gold & Base Metals in Saudi Arabia.
The gold processing plant will be located at Ma’aden’s Ad Duwayhi Gold Mine site currently under development in a remote area of the desert between Riyadh and Taif, the company said in a statement.
Hanwha, headquartered in Seoul, Korea, will provide engineering, procurement, construction, pre-commissioning, commissioning, start-up assistance and training services.
The plant will process about 2 million tons of ore per year to produce 180,000 ounces of gold per year and more than 1.6 million ounces over the life of the mine. The new facility will be completed by the end of 2014.