Mining

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...

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...