Mining

AuKing Mining, in collaboration with Saudi-based Barg Alsaman Mining, has successfully acquired the Shaib Marqan project through Saudi Arabia's sixth licensing round. This initiative was overseen by the Ministry of Industry and Mineral Resources. The Shaib Marqan site, situated 100 kilometers from the Al Amar mine, spans 91.8 square kilometers. It features at least 22 historical workings on quartz veins,...

AuKing Mining Ltd, in partnership with Barg Alsaman Mining Company (BSMC), has secured the Shaib Marqan exploration license in Saudi Arabia. This acquisition was part of the Saudi Ministry of Industry and Mineral Resources’ competitive 6th Licensing Round. The project spans 91.8 square kilometers and is highly promising for orogenic vein-hosted gold. According to a report from August 2024, the...

AuKing Mining Ltd, in collaboration with Barg Alsaman Mining Company (BSMC), has won the Shaib Marqan exploration license in Saudi Arabia through a competitive bid organized by the Saudi Ministry of Industry and Mineral Resources. The 91.8-square-kilometer project, highlighted in an Information Memorandum from August 2024, is seen as highly promising for orogenic vein-hosted gold mineralization and remains largely unexplored....

Almasane Alkobra Mining Co. (AMAK), a leader in Saudi Arabia's mining sector and notable for producing zinc, copper, gold, and silver, has reported impressive financial results. For the period ending September 2024, net profit surged by 181% to SR137 million ($36.4 million), compared to SR49 million the previous year. The company's growth is largely due to a significant 108% increase...

Royal Road Minerals has shifted its focus in Saudi Arabia by relinquishing the Al Miyah tender to concentrate on the Jabal Sahabiyah project. This project spans 284 square kilometers and includes three exploration licenses. Key areas of interest are the Jabal Muwayqirah gossan and the Hanash South prospect, with drilling set to begin in early 2025. Rock samples from these...

Saudi Arabia has issued 11 mining exploration permits to both local and international companies as part of its Accelerated Exploration Program, which aims to tap into the Kingdom's vast mineral reserves. These permits cover six sites and a total area of 850 square kilometers across Riyadh, Makkah, and Asir. This initiative is part of a competitive licensing round designed to...

Royal Road Minerals Ltd is shifting its focus to the Jabal Sahabiyah project in Saudi Arabia after relinquishing its rights to the Al Miyah area. This strategic move, made with joint-venture partner MIDU Company Ltd, received approval from Saudi Arabia's Ministry of Industry and Mineral Resources. Jabal Sahabiyah covers nearly 284 square kilometers in Asir Province, comprising three exploration licenses...

Saudi Arabia is nearing a deal to acquire a substantial stake in a copper mine in Zambia, with completion expected by the end of the year. This was announced by Ma’aden CEO Robert Wilt. Manara Minerals, a partnership between Ma’aden and Saudi Arabia’s Public Investment Fund, plans to invest in a 15-20% share of Canadian company First Quantum Minerals' copper...

Saudi Arabia is nearing a deal to purchase a substantial stake in a Zambian copper mine, with completion anticipated by the end of the year. This move is driven by Manara Minerals, a collaboration between Ma’aden and Saudi Arabia’s Public Investment Fund, aiming for a 15-20% share in Canadian company First Quantum Minerals’ copper and nickel projects in Zambia. The...

Saudi Arabia is nearing the completion of negotiations to acquire a stake in a copper mine located in Zambia, aiming to finalize the deal by the end of the year. This development was confirmed by Robert Wilt, CEO of Saudi Arabia’s leading mining company Ma’aden, during the Future Investment Initiative in Riyadh. Wilt, who also serves as vice chairman of...