Mining

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...

The United Mining Industries Company, listed on the Saudi stock exchange, has received two exploration licenses for gypsum and anhydrite ore from Saudi Arabia's Ministry of Industry and Mineral Resources. These licenses are located in the Madinah region, with the first covering 1.147 square kilometers and the second 0.993 square kilometers. The company plans to undertake comprehensive studies and exploration...

Saudi Arabian Mining Company, known as Maaden, is launching over 52 investment opportunities valued at SAR4 billion ($1 billion) to enhance private sector involvement. According to Abdullah Al Osaimi, the senior vice president for procurement and business support, SAR1.3 billion of these investments are already being implemented. Maaden has made significant strides in increasing local content in its procurement processes,...

Saudi Arabia's Ma’aden to Increase Capital for Phosphate Expansion Saudi Arabian Mining Co. (Ma’aden) plans to raise its capital from SR36.92 billion to SR38.03 billion ($10.1 billion) to enhance its phosphate business. The initiative involves acquiring a 25% stake in Ma’aden Wa’ad Al-Shamal Phosphate Co. (MWSPC) from Mosaic Phosphates B.V., boosting Ma’aden's ownership in the joint venture to 85%. Ma’aden's...

Saudi Arabia's Ma’aden Plans $10 Billion Capital Increase to Expand Phosphate Operations Saudi Arabian Mining Co., known as Ma’aden, is set to raise its capital to SR38.03 billion ($10.1 billion), enhancing its stake in the phosphate sector. This capital boost involves acquiring an additional 25% stake in Ma’aden Wa’ad Al-Shamal Phosphate Co. from Mosaic Phosphates B.V., bringing Ma’aden's total ownership...