Is Saudi mineral self-sufficiency a new priority?
The Saudi Government has pledged $32bn to the country's mining industry, as it looks to develop untapped mineral assets worth as much as $1.3tn. With this money comes a stated focus on sustainability, both fiscal and environmental, as the kingdom looks to diversify its portfolio of domestic assets. It appears capitalising in both profit and ...
Ivanhoe Electric and Saudi Arabian Mining Company …
We also operate a 50/50 joint venture with Saudi Arabian Mining Company Ma'aden to explore for minerals on ~48,500 km 2 of underexplored Arabian Shield in the Kingdom of Saudi Arabia.
Saudi Arabia announces five new mining exploration …
The kingdom is currently targeting new investments worth $32bn in mining and metals production across nine different projects. Economy Mining Ministry of Industry and Mineral Resources...
Saudi Arabia's largest gold mine to begin …
RIYADH: Saudi Arabia's biggest gold mine will start producing in the first quarter of 2022 as the Kingdom looks to ramp up exploitation of its reserves. "In the pipeline, we have a project ...
Saudi Arabia announces five new mining exploration …
Following the launch of Vision 2030 in 2016, Saudi Arabia has attracted more mining investment than ever before. In 2021, the country attracted $8bn in FDI to the sector and issued 145 licenses.
Saudi Arabia Looks To Mining As Way To Diversify Its Economy
Mining in Saudi Arabia is a key part of the economic diversification that is part of Saudi Vision 2030. After oil and gas, as well as petrochemicals, we see mining as a potential third pillar of ...
Saudi mining company Ma'aden announces 'significant' …
Saudi Arabia's Ma'aden awards contract for $880m gold mine project. ... Mining is a key component of Saudi Arabia's drive to attract foreign direct investment as laid out in the Vision 2030 plan, which aims to reduce the country's dependence on hydrocarbon revenue. The kingdom, Opec's top oil exporter, aims to more than triple the …
Mansourah-Massarah Gold Project, Central Arabian Gold …
The £680m ($880m) project is being developed by Ma'aden Gold and Base Metals Company (MGBM), a subsidiary of Saudi Arabia's majority state-owned mining company Ma'aden. A bankable feasibility study (BFS) for the integrated mining project was completed in 2018, while the key contracts were awarded in the first half of 2019.
Saudi Arabia Pushes Ahead to Become a Global Mining Player
The Saudi push to become a global actor in the mineral supply chain is driven by strategic domestic, regional, and international considerations. Ahmed Alqarout Oct 26, 2023. Khalid Saleh Al-Mudaifer, Saudi Arabia's vice minister for mining affairs, speaks at the Investing in African Mining Indaba 2023 conference in Cape Town, South Africa ...
Saudi Arabia promises 'game changing' Africa investments, with mining
Saudi Arabia publicly backed debt relief for many African nations, signed more than $500 million in agreements at the Saudi-Arab-African Economic Conference, and has expressed interest in a wide range of sectors from food processing to renewable energy. A new mining company backed by Saudi Arabia's Public Investment Fund …
Saudi Arabia announces qualified bidders for its largest mining …
Expansion of Saudi Arabia's industrial and mining sectors is an important part of the kingdom's Vision 2030 plans. The Arab world's largest economy currently accounts for nearly 37.9 per cent of the Middle East and Africa's $16 billion metals and mining industry market. ... The estimated size of investment at the Khnaiguiyah project …
Can Saudi Arabia emerge as a mining powerhouse …
Jan 19, 2024. Listen In English. Listen in Arabic. Powered by automated translation. Saudi Arabia's strategy to invest in exploration and mining of key mineral resources within the …
Mining exploration opportunities in Saudi Arabia
On 30 October 2022, the Saudi Arabian Minister of Industry and Mineral Resources announced that Saudi Arabia is planning to auction five new mining …
Saudi Arabia's New Mining Law
Currently, as a part of the Kingdom's Vision 2030 program, Saudi Arabia is working to increase the mining sector's contribution to the Saudi economy with the objective of making the mining sector the third pillar of Saudi industry, alongside the oil and gas and petrochemical sectors. To assist in achieving this goal, Saudi Arabia announced ...
Saudi Arabia announces eight mining tenders | AGBI
A date has yet to be announced for the bidding process on Saudi Arabia's new mining tenders Saudi Arabia's Ministry of Industry and Mineral Resources has designated eight zones in the Riyadh region and the Eastern Province to be opened to tender, the Saudi Press Agency has said. ... ($817 million and $1 billion). The projects …
Can Saudi Arabia emerge as a mining powerhouse amid …
Saudi Arabia currently accounts for about 37.9 per cent of the Middle East and North Africa's $16 billion metals and mining market, official data shows. Its mining industry grew 27 per cent annually to reach more than $194 million – achieving its highest revenue in 2022. Local mining investments are expected to reduce Saudi mineral …
Saudi Arabia launches mining fund in effort to …
Saudi Arabia has launched a mining fund that plans to invest up to $15bn of capital in overseas assets according to people familiar with the details, as the country …
Saudi Arabia plans $32bn investment in mining …
Saudi Arabia plans $32bn investment in mining and minerals sector. Some of the projects considered for investment include a $4bn steel plate factory and a $2bn EV battery metals plant. May 9, …
Kefi confirms new discovery at Saudi Arabia gold project
Aim-listed Kefi Gold and Copper has confirmed a new discovery, as well as provided an operational update for the Jibal Qutman gold project in Saudi Arabia in the company's minority-owned Gold and ...
Project Updates: KEFI reveals new targets for gold, copper
According to the company, the pre-feasibility study of the Hawiah Copper-Gold Project in Saudi Arabia is nearing completion for internal review. "We target to secure finance and launch shortly after the start-ups at Tulu Kapi (Ethiopia) and Jibal Qutman," the statement said. The recent activities include completing the recently …
Mining industry in Saudi Arabia
The mining and quarrying industry is the main revenue generator of the Saudi Arabian economy. Mineral oil and its products are by far the leading export from Saudi Arabia. This is closely...
Making Saudi Arabia's new mining vision a reality
In Saudi Arabian mining we have no baggage of misconceptions or conservatism when it comes to new technology. We are a clean sheet of paper if you like. In terms of developed mines, Maaden …
Rio Tinto, Saudi Arabia eye stake in First Quantum
The company is reportedly considering the sale of up to a 30% stake in its Zambian copper mines. Credit: RHJPhtotos via Shutterstock. Rio Tinto and Saudi Arabia-backed Manara Minerals Investment are planning to pick stakes in First Quantum Minerals' Zambian copper mines, Bloomberg reported. People privy to the development …
Saudi Arabia
Saudi Arabia's mining sector continues to expand and provides a growing opportunity for U.S. companies. The government plans to make mining the third pillar of the economy, alongside oil and downstream petrochemical production. ... to build an efficiently integrated aluminum project in Saudi Arabia. This $10.8 billion project includes a bauxite ...
Making Saudi Arabia's new mining vision a reality
Vision 2030 is the starting point – a vision of Crown Prince Mohammed bin Salman, whereby the Kingdom aims, by 2030, to more than triple mining's contribution to GDP, and in this process, create more than 200,000 direct and indirect jobs. But as we are redrawing the plan we are also executing it at the same time – it is one thing to talk ...
Mining In The Kingdom Of Saudi Arabia — An Overview
Saudi Arabian Mining Company (" Ma'aden ") is a diversified mining company, active in gold base metals mining and the infrastructure industry. Ma'aden was formed as a Saudi joint stock company on 23 March 1997 for the purpose of facilitating the development of the Kingdom's mineral resources. Ma'aden is the largest mining …
Saudi Arabia: Five Largest Mines in 2021
Al Jalamid Mine in Al Riyadh, was the largest mine in Saudi Arabia, producing approximately 9.8 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) in 2021. The Al Jalamid Mine is owned by Saudi Basic Industries Corp;Saudi Arabian Mining Co, and is due to operate until 2045. The second largest mine with approximately 9.6 mmtpa …
Saudi Arabia megaprojects 2024: From Neom to AlUla, 17 …
Read More: Neom: A guide to the 11 projects in Saudi Arabia's mega-development From giant cubes to luxury seaside resorts, the list of megaprojects in Saudi Arabia continues to grow.. The kingdom's transformation under the Saudi Vision 2030 plan, which aims to diversify its economy and reduce its reliance on hydrocarbons, is changing …
Feasibility Study, Mahd Ad Dahab Open Pit Gold Mine, KSA
In 2022, Wardell Armstrong International successfully completed a Feasibility Study for the development of a 3.5Mtpa open pit at the Mahd Ad Dahab mine site in the Kingdom of Saudi Arabia. Our team completed many of the technical demands for the project in-house, additionally managing international engineering firms contracted to deliver …
Saudi Arabia's Ma'aden forms JV to invest in mining assets …
DUBAI, Jan 11 (Reuters) - Saudi Arabian Mining Co (Ma'aden) (1211.SE), the Gulf's largest miner, said on Wednesday it agreed to form a joint venture with the kingdom's sovereign wealth fund to ...
Power Metal, Saudi Arabia to collaborate on exploration …
MISA and Power Metal are looking to complement the activities of each other through establishing a mutually beneficial relationship to pursue suitable exploration opportunities in Saudi Arabia ...
Ajlan, Moxico consortium wins Khnaiguiyah
September 8, 2022 SaudiGulf Projects Mining. Ministry of Industry and Mineral Resources, Saudi Arabia announced that the consortium of Ajlan & Bros Mining Company (Saudi Arabia) and Moxico Resources PLC (UK) emerged as the winner of the electronic multi round auction for Khnaiguiyah exploration license, the largest in the Kingdom.