Mining

Saudi Arabia has announced nine substantial investment agreements in the metals and mining sector, totaling over $9.3 billion. This development aligns with the country's Vision 2030 plan, aiming to diversify its economy and attract significant foreign investment. The deals were unveiled at the World Investment Conference in Riyadh, part of the Saudi National Investment Strategy. Key participants include India's Vedanta...

Saudi Arabia is attracting investors from China and India to explore its estimated $2.5 trillion worth of mineral resources. The government announced nine deals in Riyadh totaling over $9.32 billion, including a $2 billion copper mining agreement with India's Vedanta and up to $1.6 billion primarily for zinc from China's Zijin. These untapped mineral resources, such as bauxite, copper, gold,...

The Saudi Geological Survey Authority is pivotal in identifying essential mineral reserves such as gold, zinc, and copper. As stated by Industry and Mineral Resources Minister Bandar Alkhorayef, the Authority's influence is expected to grow over the next 25 years, becoming integral to the mining sector's expansion. Alkhorayef stressed the ongoing commitment to geological surveys and exploration, providing vital data...

Saudi Arabia's Geological Survey Authority: A Key Player in Mining's Future The Saudi Geological Survey Authority is set to play a crucial role in the country's mining industry over the next 25 years. As highlighted by the Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, the Authority is essential for uncovering valuable metal reserves like gold, zinc, and copper....

Vedanta Copper International, a subsidiary of Vedanta Ltd, has entered into a memorandum of understanding with Saudi Arabia's Ministry of Investment and Ministry of Industries & Mineral Resources. This partnership involves a substantial investment of US$2 billion in copper projects, including a 400,000 tpy copper smelter and refinery and a 300,000 tpy copper rod project in Ras Al Khair Industrial...

Saudi Arabia is making significant strides in the mining sector, announcing investment agreements worth SAR35 billion ($9.32 billion) with international companies to tap into its vast mineral resources, valued at $1.3 trillion. Vedanta, an Indian company, plans to build copper facilities in Ras Al Khair Industrial City with a SAR7.5 billion investment. This includes a smelter and refinery capable of...

Saudi Arabia is making significant strides in the mining sector, announcing investment deals with international companies totaling SAR35 billion (approximately $9.32 billion). This initiative aims to tap into the nation's estimated $1.3 trillion in untapped mineral resources. India's Vedanta plans to develop copper facilities worth SAR7.5 billion in Ras Al Khair Industrial City. The project includes a greenfield smelter and...

Vedanta's $2 Billion Investment Vedanta, led by billionaire Anil Agarwal, is set to invest $2 billion in Saudi Arabia to establish advanced copper-processing facilities. This significant foreign investment aligns with both Vedanta's international growth aspirations and Saudi Arabia's goal of becoming a key player in the mining sector. Facilities and Production Capacity The investment will fund a new smelter and...

Saudi Arabia's Ministry of Industry and Mineral Resources has revealed the pre-qualified bidders for exploration licenses in the mineral-rich regions of Jabal Sayid Medina and Al-Hajar Aseer. Qualified Bidders Include: Al Masane Al Kobra Mining Company Consortium of Artar & Gold and Minerals Consortium of Orogen Royalties & Altius Minerals Corporation Consortium of Pan African Resources & Saudi Gold Refinery...

Vedanta Copper International, a subsidiary of Vedanta Ltd, has partnered with Saudi Arabia's Ministry of Investment and Ministry of Industries & Mineral Resources to invest $2 billion in copper projects. This aligns with Saudi Arabia's Vision 2030, aiming to significantly boost the minerals sector. The projects include a 400 KTPA greenfield copper smelter and refinery and a 300 KTPA copper...