Mining

The Qassim region in Saudi Arabia holds significant untapped mineral resources valued at approximately 122.3 billion Saudi riyals, or $33 billion. This information comes from a report by the state-owned news agency SPA. According to Jarrah Al-Jarrah, a spokesperson for the Ministry of Industry and Mineral Resources, the region's mineral reserves include a variety of valuable materials such as gold,...

Qassim region in Saudi Arabia is poised to play a significant role in the Kingdom's Vision 2030 due to its SR122 billion ($32.5 billion) in untapped mineral wealth. This includes high-quality ores like lead, tin, granite, and tungsten, as highlighted by a Ministry of Industry and Mineral Resources spokesperson. The strategic push for economic diversification has brought mining to the...

Saudi Arabia is rapidly expanding its mining sector, which is valued at $36 billion annually and ranks as the world's seventh largest. The recent opening of a new facility by Bureau Veritas in Jeddah marks a significant step in tapping into the country's estimated $2.5 trillion in untapped mineral wealth. Bureau Veritas, a global laboratory testing company, sees Saudi Arabia...

The Typhoon survey, which started in November 2023, identified two significant chargeability anomalies: Umm Ad Dabah and Area B. Ivanhoe Electric, in partnership with Ma’aden, has begun drilling at the Umm Ad Dabah anomaly. This marks the initial stage of their exploration near Ma’aden's Al Amar mine, known for gold, copper, and zinc. Established in 2023, the joint venture focuses...

Saudi Arabia is actively pursuing joint investments with Chinese mining companies, focusing on the electric vehicle (EV) industry. Minister of Mineral Resources, Bandar Alkhorayef, highlighted the kingdom's ambition to become a global leader in EV production, targeting an annual output of 500,000 units by 2030. The kingdom is keen on collaborations for processing and producing lithium, a critical component in...

Saudi Arabia's Manara Minerals Investment Co., supported by the Kingdom's sovereign wealth fund, is considering potential investments in lithium production in Chile, a top official revealed.During a state visit to Chile, Saudi Arabia's Industry and Mineral Resources Minister Bandar Alkhorayef shared with Reuters that the Kingdom is evaluating various investment opportunities in the nation, known as the top lithium producer...

Saudi Arabian enterprise Manara Minerals is currently assessing potential investments in lithium extraction within Chile, as expressed by the nation's mining minister Bandar Alkhorayaf during his visit to the Latin American state. The collaboration between the governmental miner Ma'aden and the Public Investment Fund (PIF), Manara, is "analysing the different options," remarked Alkhorayaf in a recent dialogue. With ambitions to...

The Saudi Arabian mining sector is on the brink of significant growth, with the country's Minister of Industry and Mineral Resources, Bandar Alkhorayef, engaging in strategic discussions with Eduardo Bartolomeo, CEO of Vale Mining Company, during a recent visit to Brazil. These conversations centered on the attractive investment prospects that the Saudi mining industry holds for Brazilian enterprises. Additionally, they...

The Minister of Industry and Mineral Resources of Saudi Arabia, Bandar Al-Khorayef, recently held discussions with Eduardo Bartolomeo, the Chief Executive Officer of Vale, a leading Brazilian mining company. Their conversation was centered around the potential for investment in the thriving Saudi mining industry by Brazilian enterprises.Throughout the meeting, the spotlight was on the various advantages and facilities available to...

The Ministry of Industry and Mineral Resources in Saudi Arabia has launched its most ambitious project yet, opening up an area of 4,788 square kilometres across five exploration licenses for mineral exploration, as disclosed in a recent announcement.Major global mining and exploration firms are being invited to take part in the ongoing Exploration Licensing Rounds. These initiatives are key to...