October 24, 2016 6:44 PM ET

Metals and Mining

Company Overview of Al Masane Al Kobra Mining Co.

Company Overview

Al Masane Al Kobra Mining Co. engages in the exploration, exploitation, and operation of mines. It produces copper, gold, silver, and zinc. Al Masane Al Kobra Mining Co. is based in Jeddah, Saudi Arabia.

P.O. Box 55696

Jeddah,  21544

Saudi Arabia


966 12 2560 210


966 12 2560 410

Key Executives for Al Masane Al Kobra Mining Co.

Managing Director and Director
General Manager
Compensation as of Fiscal Year 2016.

Al Masane Al Kobra Mining Co. Key Developments

Al Masane Al Kobra Mining Company Announces Temporary Shutdown of Zinc and Copper Plant in Saudi Arabia

Trecora Resources announced a temporary shutdown of the Al Masane Al Kobra Mining Company (AMAK) zinc and copper plant in Saudi Arabia. The contract with the existing mine operator was also terminated. AMAK anticipates selling all concentrate inventories prior to year-end subject to suitable vessel availability. In addition, in anticipation of a potentially stronger price environment arising from the many zinc mine closures announced in recent months, options have been secured on the remainder of the zinc inventory allowing AMAK to price any, or all, of the payable metal inventory at any time through to year-end 2016. The potential financial impact of the mill closure upon Trecora Resources is being evaluated and will be affected by the amount of the maintenance work that is properly capitalized or expensed.

Al Masane Al Kobra Mining Co. Announces Unaudited Earnings Results for the Second Quarter Ended June 30, 2015

Al Masane Al Kobra Mining Co. announced unaudited earnings results for the second quarter ended June 30, 2015. It reported a loss in equity of approximately $0.4 million during the second quarter primarily due to there being just one shipment during the second quarter, with delays pushing two shipments into July.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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