Mining

The Saudi Ministry of Industry and Mineral Resources is currently accepting bids for the acquisition of five new mineral exploration licenses. Three of these licenses will be for the Jabal Sayid site, which encompasses an extensive 2,892 square kilometers. The site is rich in base metals such as gold, silver, copper, zinc, and lead. An additional site at Al-Hajjar, which...

The Industrial Production Index (IPI) of Saudi Arabia observed a noticeable descent, registering a 2.9 percent decline from the previous year in the month of May, as per the figures disclosed by the General Authority for Statistics (GASTAT).Marking a descend to 106.30 points, the IPI, which is calibrated against the 2021 baseline, saw a drop from the 109.45 points noted...

Royal Road Minerals, through its 50% stake in the joint venture Royal Road Arabia, has triumphed in a highly competitive bidding round, securing the Al-Miyah copper and gold exploration area located in Saudi Arabia. This area is composed of three adjacent exploration licenses in the Asir Province, approximately 150 km northwest of Royal Road's existing Jabal Sahabiyah project.Royal Road Arabia...

SGS has embarked on a transformative journey in partnership with Golden Compass, a premier exploration and mining consultancy in Saudi Arabia, to establish a sophisticated geochemistry laboratory in Jeddah, targeted to commence operations by the end of 2024. This alliance is set to significantly advance the mining sector in the country by providing unmatched sample processing and geochemical testing services.The...

The Al-Miyah zone, encompassing an expanse of nearly 234 square kilometers, is composed of three adjoining exploration concessions.In a significant move within the mineral exploration industry, the Saudi joint venture Royal Road Arabia has successfully clinched the Al-Miyah copper and gold tender area situated in the Asir Province of Saudi Arabia.The venture has been granted exploration rights over the expansive...

It has been announced by Tim Coughlin that Royal Road Minerals, a company traded on the TSX Venture Exchange under the symbol RYR, and its Saudi Arabian joint-venture company Royal Road Arabia, have been triumphant in a recent competitive Licensing Round. They have secured the rights to the Al-Miyah copper and gold tender area, comprising three Exploration Licenses in the...

Saudi Arabia, renowned as the top global oil exporter, is now venturing into lithium production investments in Latin America. This strategic move aligns with the nation's ambition to become a prominent force in the electric vehicle (EV) manufacturing arena.Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, plans to visit Chile, home to the world's most extensive lithium reserves, in...

Saudi Arabian Mining Company (Ma'aden) has experienced a noticeable 16% decline in its stock value over the previous quarter, causing some unrest among its investors. Despite this recent dip, the company's performance over the past five years tells a story of robust growth, with the share price soaring 168% in that timeframe. While short-term fluctuations can capture attention, it is...

The Kingdom of Saudi Arabia's mining sector has experienced a significant transformation, with the past half-decade witnessing substantial reforms. These changes have catapulted the nation to the forefront as the fastest-evolving regulatory and investment hub in the global mining landscape.With the Kingdom's mineral wealth estimated at a staggering US$2.4 trillion, authorities are working towards making mining a pivotal industry within...

The Kingdom of Saudi Arabia has been commended for its outstanding environment for mining investments, as indicated by the most recent annual analysis of investment risks in the mining sector by MineHutte and Mining Journal Intelligence, as reported by the Ministry of Industry and Mineral Resources. The past half-decade has seen a marked enhancement in the Kingdom's ability to mitigate...