Mining

Identifying a potential multi-bagger often involves spotting key trends. A company should ideally exhibit two things: a rising return on capital employed (ROCE) and a growing amount of capital employed. This indicates the company has profitable ventures to reinvest in, acting as a compounding machine. The Saudi Arabian Mining Company (Ma'aden) (TADAWUL:1211) is showing promising trends worth exploring further. Understanding...

The Saudi Export-Import Bank (Saudi EXIM) has finalized a $300 million credit facility agreement with Glencore, a leading global commodity firm. This strategic move is designed to bolster Saudi Arabia's non-oil exports, enabling them to reach over 156 international markets. The signing took place with H.E. Khalid bin Saleh Al-Mudaifer, Vice Minister for Mining Affairs, present. Saudi EXIM's CEO, H.E....

Saudi Arabia has granted exploration licenses for six mining sites located in Riyadh, Makkah, and Asir to 11 local companies. This initiative is part of a broader effort to accelerate the exploration of untapped mineral resources in the Kingdom. The designated areas cover a total of 850 square kilometers. Below are the details of the awarded sites: Asir Region: Wadi...

AuKing Mining has successfully obtained an exploration license for the Shaib Marqan area through the Saudi Ministry of Industry and Mineral Resources' licensing process. This site, spanning 91.8 km2, is promising for gold mineralization and remains largely unexplored. Located 100 km from the Al Amar gold mine, which produced nearly 30,000 ounces of gold in 2022, Shaib Marqan represents a...

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...