{"id":234714,"date":"2023-08-28T18:53:51","date_gmt":"2023-08-28T10:53:51","guid":{"rendered":"https:\/\/charltonsnaturalresources.com\/?p=234714"},"modified":"2023-08-28T18:53:57","modified_gmt":"2023-08-28T10:53:57","slug":"saudi-arabias-maaden-q2-profit-plummets-91-amid-rising-operational-costs","status":"publish","type":"post","link":"https:\/\/charltonsnaturalresources.com\/en\/saudi-arabias-maaden-q2-profit-plummets-91-amid-rising-operational-costs\/","title":{"rendered":"Saudi Arabia\u2019s Ma\u2019Aden Q2 Profit Plummets 91% Amid Rising Operational Costs"},"content":{"rendered":"[et_pb_section fb_built=”1″ admin_label=”CNR NEWSLETTER” module_class=”cnl-wrapper” _builder_version=”4.16″ locked=”off” global_colors_info=”{}”][et_pb_row admin_label=”Header” module_class=”cnr-nl-header” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Header” _builder_version=”4.16″ global_colors_info=”{}”]
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\nAugust 2023<\/span>\n

Saudi Arabia\u2019s Ma\u2019Aden Q2 Profit Plummets 91% Amid Rising Operational Costs<\/h1>\n\n<\/div>\n\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Text” _builder_version=”4.16″ _module_preset=”default” width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

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The state-owned Saudi Arabia Mining Company (Ma\u2019aden) reported a 91% decline in its second-quarter net profit, amounting to $93.53 million (SR350.9 million), compared to the same period in the previous year. This figure fell short of analyst predictions by over $53.3 million and represents a 16.3% drop from the company\u2019s first-quarter earnings of $111.7 million. This substantial drop is attributed to reduced sales prices for most products, coupled with surges in administrative, exploration and technical services costs. Furthermore, its finance expenses increased by 86%, influenced by rising interest rates. In spite of these challenges, Ma\u2019aden celebrated a record-setting quarter for phosphate production.<\/p>\n\n

Source: https:\/\/www.mining-technology.com\/news\/maaden-second-quarter-profits-fall-91\/<\/a><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Button Navs” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”navs” _builder_version=”4.16″ global_colors_info=”{}”]

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NATURAL RESOURCES News August 2023 Saudi Arabia\u2019s Ma\u2019Aden Q2 Profit Plummets 91% Amid Rising Operational Costs   The state-owned Saudi Arabia Mining Company (Ma\u2019aden) reported a 91% decline in its second-quarter net profit, amounting to $93.53 million (SR350.9 million), compared to the same period in the previous year. This figure fell short of analyst predictions by over $53.3 million and represents a 16.3% drop from the […]<\/p>\n","protected":false},"author":9,"featured_media":234719,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"fifu_image_url":"https:\/\/charltonsnaturalresources.com\/legal\/news\/2023\/08\/saudi-arabias-maaden-q2-profit-plummets-91-amid-rising-operational-costs.jpg","fifu_image_alt":"Chaarat To Sell Its Kapan Mine To Gold Mining For $54.5 Million","footnotes":""},"categories":[23],"tags":[46],"class_list":["post-234714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-https-charltonsnaturalresources-com-legal-news-2021-08-mineralised-zones-found-in-botswana-thumb-jpg","cat-23-id"],"_links":{"self":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/234714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/comments?post=234714"}],"version-history":[{"count":3,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/234714\/revisions"}],"predecessor-version":[{"id":234718,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/234714\/revisions\/234718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/media\/234719"}],"wp:attachment":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/media?parent=234714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/categories?post=234714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/tags?post=234714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}