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Ma’aden’s Global Mining Exploration Initiative

Saudi Arabia's Vision 2030 drives mining sector expansion

by Huda Marshad
November 19, 2024
in Mining
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The Saudi Arabian Mining Company, known as Ma’aden, is spearheading a massive exploration initiative, marking the largest of its kind globally. This effort aligns with the Kingdom’s Vision 2030, aiming to diversify the economy and establish mining as a key industrial sector.

In the past two years, Ma’aden has drilled over 820,000 meters for exploration, surpassing international counterparts, according to CEO Robert Wilt. This extensive program has already led to a potential gold find stretching 100 kilometers south of the Mansourah and Massarah mines, near Jeddah.

Ma’aden’s strategic role involves developing mining into a pivotal economic sector, with an estimated $2.5 trillion in mineral resources. The company is particularly focused on unlocking strategic minerals like gold and copper, essential for manufacturing and the global energy shift.

Wilt emphasized the need for nurturing Saudi talent to sustain these strategies. Ma’aden is committed to attracting young professionals and equipping them with skills and technology to drive a new mining era in Saudi Arabia.

Operating over 17 mines and exploration sites, Ma’aden transforms the Kingdom’s mineral wealth into economic value, exporting products to more than 30 countries. The company has also invested heavily in infrastructure, including modern mines, advanced processing plants, and top-tier export ports.

Using cutting-edge technology, Ma’aden enhances productivity, quality, and cost-efficiency. Advanced geological data analysis systems help identify promising mineral sites, integrating technology across all stages from exploration to marketing.

Tags: gold explorationMa'adenMineral ResourcesSaudi ArabiaVision 2030
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