Mining

MP Materials Corp. and the Saudi Arabian Mining Company, Maaden, have agreed to work together on building a comprehensive rare earth supply chain in Saudi Arabia, according to announcements made at the US-Saudi Investment Forum 2025 in Riyadh. This collaboration is designed to take advantage of Saudi Arabia’s favorable energy costs, strong infrastructure, and strategic location to strengthen and diversify...

Saudi Arabia’s Ministry of Industry and Mineral Resources announced the approval of 21 new mining licenses in April, underscoring its ongoing efforts to strengthen the mining sector and broaden the nation's economic base in line with Vision 2030, according to data from the National Center for Industrial and Mining Information. Of these licenses: 11 were granted for building materials quarries...

Saudi Arabia's Ministry of Industry and Mineral Resources has introduced the non-profit Women in Mining Association, an initiative designed to boost the involvement of Saudi women in the nation’s expanding mining industry, according to the Saudi Gazette. This new association is part of the ministry’s broader strategy to strengthen the non-profit sector within both industry and mining, highlighting its importance...

Saudi Arabian Mining Company (Maaden) has entered into a memorandum of understanding with US-based MP Materials to develop a comprehensive rare earth supply chain in Saudi Arabia, according to information presented at the US-Saudi Investment Forum 2025 in Riyadh. This partnership will cover the entire process—from mining and separation to refining and magnet manufacturing—aiming to strengthen Saudi Arabia’s industrial base...

MP Materials and Saudi Arabia’s state mining company Ma’aden have agreed to collaborate on building a rare earths supply chain in Saudi Arabia, according to MP Materials. The memorandum of understanding was signed during the US-Saudi Investment Forum 2025 in Riyadh and covers every stage from exploration and mining to refining and magnet manufacturing. Bob Wilt, CEO of Ma’aden, described...

Saudi Arabia and Indonesia have signed a memorandum of understanding to deepen collaboration in mining and minerals, according to the Saudi Press Agency. His Excellency Bandar Alkhorayef, Saudi Arabia’s Minister of Industry and Mineral Resources, and His Excellency Bahlil Lahadalia, Indonesia’s Minister of Energy and Mineral Resources, formalized the agreement in Jakarta. The partnership is set to promote knowledge exchange...

The recent Future Minerals Forum in Saudi Arabia concluded with a remarkable achievement, securing agreements worth US$28.5 billion. Over three days in Riyadh, 126 memorandums of understanding (MoUs) and agreements were finalized, involving governments, local firms, and international organizations. These agreements span diverse activities such as mineral exploration, financing, research and development, and sustainability efforts. Key Saudi entities like the...

Saudi Arabia has selected six mining companies, both local and international, for its Exploration Enablement Program (EEP), aimed at boosting investment and enhancing competitiveness in the mining sector. The chosen companies include Royal Road, Ajlan and Bros Holding, EV Metals Group, Ma’aden, Gold and Minerals Co., and Al-Masane Al-Kobra Mining Co. (AMAK). These companies will receive substantial support to accelerate...

Saudi Arabia's mining giant, Ma’aden, is on a mission to expand its operations tenfold by 2040. A crucial part of this ambitious plan involves boosting the productivity and efficiency of its workforce. To achieve this, Ma’aden has implemented advanced technological solutions like Microsoft 365 Copilot, Copilot Studio, and the Azure OpenAI Service. These tools assist employees in performing daily tasks...

Saudi Arabian Mining Co. (Maaden) has successfully raised $1.25 billion through its first Islamic bond sale. This significant financial move is aimed at supporting a major expansion over the next five years. Investor interest was high, with offers exceeding $10 billion for the sukuk. The bonds were divided into $750 million maturing in 2030 and $500 million maturing in 2035....