Achievements and footprints throughout the years
- To date, the number of projects that the company has contributed to has reached 25 extractive, industrial and commercial projects distributed over 11 Arab countries.
- The company managed to secure the necessary financing and funding for several joint Arab mining projects, by contacting financing institutions and presenting project ideas to them.
- The company participated in introducing and promoting mining investment opportunities in the Arab countries.
- Directing Arab funds allocated for studies and research towards financing new exploration and development of mineral resources.
- Carrying out technical and economic studies in the mining sector in some Arab countries.
- Participation in several scientific working papers and major mining conferences and seminars that took place in the region since inception.
- The presence of a large and valuable library that includes thousands of references (about 30 thousand references), and subscriptions of tens of specialized Arab and international mining magazines and periodicals.
- The company throughout its history and actual practice, was able to gain scientific expertise that included conducting technical and economic feasibility studies, evaluation of feasibility studies submitted, evaluation of existing projects, evaluation of mineral ores, and collection and preparation of samples.
- The company establishes a mining research and development company, which includes a mining institute, a mining consulting company, and a mining museum.
- The Arab Mining Company has become a subject matter expert and a reference house in its field among the Arab mining countries.
History Time Line
Year
1974
Description
Arab Mining Company was established based on the Arab Economic Unity Council's resolution
Year
1977
Description
ARMICO contributed to 25% of Arab Potash Co which was established in 1956. Arab Potash Company (APC) is primarily a potash mining company, with subsidiaries to process other minerals found in the Dead Sea water. It is located on the eastern shores side of the Dead Sea (Jordan) and uses the Potash mineral found in the Dead Sea as its primary raw material.
Year
1979
Description
ARMICO contributed to 7.61% of SNIM (Société Nationale Industrielle et Minière) the second largest African producer of iron ore based in Mauritania.
Year
1979
Description
ARMICO contributed to 26.67% of ICF company (Industries Chimiques du Fluor I.C.F.TUNISIA ) which was founded in 1971 and started the production of the Aluminium Fluoride ( AlF3) on 1976 and based in Tunisia.
I.C.F is one of the largest producers of the aluminium fluoride in the world with a capacity of 42.000 MT per year destined wholly for the commercialization to the aluminium smelters in the world.
I.C.F is one of the largest producers of the aluminium fluoride in the world with a capacity of 42.000 MT per year destined wholly for the commercialization to the aluminium smelters in the world.
Year
1982
Description
ARMICO contributed to 10% of The Arab company for detergent chemicals (ARADET) is a Pan-Arab Company with limited liability, its head office is in the city of Baghdad in the Republic of Iraq.
The company was created for the purpose of establishing a detergent chemical industry in the Arab world. The LAB (Linear Alkyl Benzene) with a capacity of 50,000 tons per year, project was completed and commissioned in 1987.
The company was created for the purpose of establishing a detergent chemical industry in the Arab world. The LAB (Linear Alkyl Benzene) with a capacity of 50,000 tons per year, project was completed and commissioned in 1987.
Year
1994
Description
The Paid-up Capital of ARMICO was identified with an amount of (54.47) million Kuwaiti Dinars and allocated to 5,447 shares
Year
2004
Description
ARMICO Contributed to 25% stake in Gulf Stone, a public company, listed on Muscat Securities Market since January 2000. Gulf Stone operates within the Materials sector focusing on Diversified Metals and Mining. Its main products are Engineered quartz slabs.
Gulf Stone is based in Sohar, Oman and was established in March 1999.
Gulf Stone is based in Sohar, Oman and was established in March 1999.
Year
2011
Description
ARMICO Contributed to 10% in Al Masane Al Kobra Mining Company, a Saudi Arabian closed joint stock mining company ("AMAK") which is in commercial production of copper and zinc concentrate as well as precious metals and base metals developer.
Year
2018
Description
ARMICO has established a branch in Al-Fujairah city (UAE) under the name of ARMICO-Fujairah.
Year
2018
Description
ARMICO has established Mining Research and Development Company
Year
2019
Description
The extraordinary general assembly of the shareholders decided in its meeting held on 14/06/2019; to increase the company’s capital by $(3,908,000), so that the authorized and paid up capital of the company becomes $ 200 million (allocated to 200,000 shares, each share value worth $ 1,000).