Maaden Appoints CTO to Lead AI-Driven Transformation in Mining Sector

Maaden, a Saudi mining leader, has appointed Donovan Waller as its CTO to advance its digital transformation using artificial intelligence (AI). Donovan brings 30 years of experience in industrial technology development, having previously worked at Anglo American and PwC. His expertise will be instrumental in developing Maaden's AI-enhanced tech stack and transforming its operations through comprehensive digital integration. This aligns with Saudi Vision 2030 objectives, aiming to strengthen the mining sector and diversify the economy.

Maaden, a leading Saudi mining and metals company, has appointed Donovan Waller as its new Chief Technology Officer (CTO). Waller brings over three decades of international experience in industrial technology development, having previously served as Group Head of Technology Development at Anglo American. His appointment underscores Maaden's commitment to innovation and the integration of advanced technologies across its operations.

Waller's expertise in applied research and development (R&D), artificial intelligence (AI), and automation positions Maaden to accelerate its digital transformation and solidify its role as a global mining leader. His strategic initiatives include AI-driven drill targeting, autonomous mining robots, and predictive maintenance, which aim to boost exploration efficiency and unlock Saudi Arabia's mineral resources [2].

Maaden's 2025 financial results reflect the company's operational strength and strategic execution. Revenue increased by 23% year-on-year to SAR 17.93 billion, while net profit surged by 73% to SAR 3.47 billion. Capital expenditures for 2025 are projected at SAR 7.55 billion to 9.55 billion, with a significant portion allocated to growth projects such as the Phosphate 3 Phase 1 project and seawater lithium extraction [2].

Maaden's strategic partnerships, including collaborations with MP Materials and Alcoa, further strengthen its position in the green energy transition and Saudi Vision 2030's mining ambitions. The company's entry into the rare earths market and consolidation of its aluminum value chain control are key moves that align with the Kingdom's economic diversification goals [2].

Donovan Waller's appointment signals Maaden's intent to lead the AI revolution in mining. By integrating AI into exploration, safety monitoring, and predictive maintenance, the company aims to improve operational efficiency, reduce environmental footprints, and enhance safety standards. These innovations are expected to yield long-term benefits, including lower costs, higher productivity, and enhanced safety standards.

For investors, Maaden represents a high-conviction opportunity. The company's strong financial performance, aggressive capital allocation, and alignment with global trends suggest a robust growth trajectory. Key metrics to monitor include EBITDA margins, capital expenditure returns, and AI adoption metrics [2].

References:
[1] https://intlbm.com/2025/08/11/maaden-appoints-donovan-waller-as-chief-technology-officer/
[2] https://www.ainvest.com/news/ma-aden-strategic-cto-appointment-implications-saudi-mining-tech-driven-growth-2508/