Mining

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,...

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...