Saudi Arabia’s Ministry of Industry and Mineral Resources has revealed the pre-qualified bidders for exploration licenses in the mineral-rich regions of Jabal Sayid Medina and Al-Hajar Aseer.
Qualified Bidders Include:
- Al Masane Al Kobra Mining Company
- Consortium of Artar & Gold and Minerals
- Consortium of Orogen Royalties & Altius Minerals Corporation
- Consortium of Pan African Resources & Saudi Gold Refinery
- First Quantum Minerals Ltd
- Hancock Prospecting
- IGO
- K92 Mining
- McEwen Mining
- Noring Ajlan & Bros. Mining Co.
- Silvercorp Metals
- Vedanta
- Zijin Mining Group
This initiative aligns with Saudi Arabia’s strategy to enhance mineral exploration and development, according to a statement on social platform X.
Exploration Details:
Three licenses are designated for the Jabal Sayid Medina region, encompassing 2,892 square kilometers and featuring metals such as copper, zinc, lead, gold, and silver. The Al-Hajar Aseer area, with two licenses, spans 1,896 square kilometers and is also rich in these precious and base metals.
The successful bidders will be announced by January 2025.
