Mining

Saudi Arabia is nearing a deal to invest in a copper mine in Zambia, aiming to finalize the agreement by year-end. This move is part of Saudi Arabia's strategy to diversify its economy as outlined in Vision 2030. Robert Wilt, CEO of Ma’aden and vice chairman of Manara Minerals, confirmed that discussions are in advanced stages. We'd have something wrapped...

Saudi Gold Refinery (SGR) is making significant strides in the gold mining sector with strategic agreements secured during a visit to China. Led by CEO Jonathan D. Cordero and Chairman Suliman Alothaim, the company aims to enhance production efficiency and sustainability. Key Partnerships for Growth SGR signed a crucial agreement with Zenith Minerals Company, which includes a technical feasibility study...

The Saudi Geological Survey (SGS) has announced the release of new geological data packages, marking a significant enhancement to its National Geological Database (NGD) Portal. This release coincides with the SGS's founding day, highlighting its dedication to advancing the mining sector with reliable geological data. The latest data packages cover 30% of the Arabian Shield and include surface geochemical and...

The Saudi Geological Survey (SGS) has unveiled new geological data packages, enhancing its National Geological Database (NGD) Portal. This release marks a significant step in supporting the growth of the mining sector with comprehensive geological insights, timed with SGS's founding anniversary. Covering 30% of the Arabian Shield, these data packages include surface geochemical and aerial geophysical survey information from the...

The Saudi Geological Survey (SGS) has unveiled new geological data packages, marking a significant enhancement to its National Geological Database (NGD) Portal. This update aligns with the SGS's founding anniversary, highlighting its dedication to advancing the mining industry with detailed geological insights. The latest data release encompasses 30% of the Arabian Shield, featuring surface geochemical and aerial geophysical survey results...

The Saudi Geological Survey (SGS) has enriched the National Geological Database (NGD) Portal with new geological data packages, marking a significant milestone on its founding day. This initiative highlights SGS's dedication to advancing the mining sector by providing comprehensive geological information. The latest data packages cover 30% of the Arabian Shield and include surface geochemical and aerial geophysical survey data...

Saudi Arabia and Italy are set to enhance their mining relations after meetings in Rome, focusing on sustainable solutions, clean energy, and attracting investments. Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, began his visit by meeting Italy’s Minister of Environment and Energy Security, Gilberto Pichetto Fratin. The discussions, attended by key officials, highlighted the strategic partnership between the...

Saudi Arabia and Italy are poised to enhance their mining collaboration, focusing on sustainable solutions and clean energy, as well as boosting investment in the Kingdom's growing exploration industry. This follows high-level meetings in Rome involving Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, and Italy's Minister of Environment and Energy Security, Gilberto Pichetto Fratin. The discussions, attended by...

Saudi Arabian Mining Company (Ma'aden) has seen a remarkable 25% increase in its share price over the past month, recovering from earlier declines. Over the past year, the stock has risen by 21%, showing solid performance despite recent volatility. The company's current price-to-earnings (P/E) ratio stands at a high 64.2x, which is significantly above the average P/E ratios in Saudi...

The Qassim region in Saudi Arabia holds untapped mineral resources worth SR122.3 billion ($32.6 billion), according to the Ministry of Industry and Mineral Resources. This aligns with Saudi Vision 2030, which aims to diversify the economy by making mining a key income source. Spokesperson Jarrah Al Jarrah highlighted that Qassim is rich in high-quality mineral ores, such as gold, silver,...