Saudi Arabia has announced that its Ministry of Industry and Mineral Resources had issued a total of 201 new mining licences in December last year. These included 159 for exploration, 20 for small-scale mining and 18 for the building materials quarries, said a report.
Saudi Arabia has announced the names of 24 companies that have won licences in the ninth exploration licensing round, the largest in its history to date. The winning entities were awarded 172 mining sites across three mineralised belts in Riyadh, Madinah and Qassim regions.
IHC, a global investment company focused on building dynamic value networks, has announced a strategic framework with the US International Development Finance Corporation (DFC) to mobilise transformational, private-sector investment across priority sectors and high-growth markets of mutual strategic interest.
Metso, a global leader in sustainable gold processing technologies, has secured a major contract from Saudi mining giant Maaden to supply a gold processing plant for its Ar Rjum mine located in Makkah. The contract covers commissioning and advisory services for equipment installation.
Saudi Arabia's National Investment Strategy aims to attract SAR92 billion ($24.53 billion) in investments in the mining sector between 2025 and 2030, said Minister of Investment Khalid Al-Falih.
