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In 2009, Ma'aden established a joint venture with Alcoa, the world's third-largest aluminium producer, to build the world's most efficiently integrated aluminium project in Saudi Arabia. This USD 10.8 billion (over SAR 40 billion) project includes a bauxite mine, a refinery, a smelter and one of the world's most advanced rolling mills.

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The latest activities by Saudi Arabian Mining Syndicate began in 1936 using both open-pit and underground mines at Mahd adh-Dhahab. The Saudi Arabian Directorate General of Mineral Resources carried out further gold exploration in the 1970s, following the 1971 suspension of the US$-gold exchange rate and the consequent rise in value of the metal.

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Gold mining is still Ma'aden's most profitable activity. Since 1988, Saudi Arabia has sold more than 4 Moz of gold to international markets. Gold deposits are located throughout the Arabian Shield, a geological formation which spans Saudi Arabia's Red Sea coast and continues east until reaching the middle of the Kingdom.

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