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Saudi Arabia Reveals Exploration Bidders

Pre-qualified companies for Jabal Sayid Medina and Al-Hajar Aseer

by Huda Marshad
November 26, 2024
in Mining
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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.

Tags: Al-Hajar AseerExploration LicensesJabal SayidMineral ExplorationSaudi Arabia
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