Mining

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,...

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...