Mining

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...

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...

Saudi Arabia's Ministry of Industry and Mineral Resources granted 35 new mining licenses in September, according to the National Center for Industrial and Mining Information. These new permits include 24 for exploration, seven quarry licenses for building materials, three reconnaissance licenses, and one for mining exploitation and small mines. By the end of September 2024, the total number of active...

Saudi Arabia's Ministry of Industry and Mineral Resources granted 35 new mining licenses in September, according to the Saudi Press Agency. This included 24 exploration licenses, seven quarry licenses for building materials, three reconnaissance licenses, and one mining exploitation and small mine license. By the end of September 2024, the total number of active licenses reached 2,295. The majority are...

Saudi Arabia's Ministry of Industry and Mineral Resources issued 35 new mining licenses in September, according to the Saudi Press Agency. These licenses comprised 24 exploration licenses, seven quarry licenses for building materials, three reconnaissance licenses, and one mining exploitation and small mine license. By the end of September, the total number of active mining licenses reached 2,295. The majority...

Mining Industry's Push for Decarbonization and Digital Transformation The metals and mining sector is rapidly advancing towards decarbonization and digital transformation, with 55% of industry leaders focusing on reducing emissions, according to a recent KPMG survey. The 2024 Global Metals and Mining Outlook by KPMG highlights that 47% of industry executives see technology investments as crucial for transforming carbon footprints...

KPMG's 2024 Global Metals and Mining Outlook sheds light on significant trends affecting the metals and mining sector, emphasizing the impact of decarbonization, technological innovations, and geopolitical changes. Insights from over 450 executives, including Bob Wilt of Ma'aden, highlight the sector's focus on sustainability and resilience. The industry is pivoting towards reducing carbon emissions and enhancing efficiency. Notably, 47% of...