Mining

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....

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...