• En
    • ع
Friday, June 6, 2025
Daleel News
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
Daleel News
  • En
    • ع

Strategic Mining Venture Secures Copper and Gold Licenses

Royal Road Minerals Wins Bid for Saudi Exploration

by Huda Marshad
July 5, 2024
in Mining
Copy Link شارك على فيسبوكشارك على تويتر

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 is a collaboration between Royal Road and MIDU Company Limited, each holding an equal share. MIDU, based in Jeddah, is an investment company with a diverse portfolio including mining, industry, property development, and utility services.

The exploration licenses span around 234 square kilometers and include historically recognized copper and gold sites within the Nabitah-Tathlith belt’s meta-volcanic and intrusive rocks dating back to the upper Proterozoic era.

Dr. Tim Coughlin, President and CEO of Royal Road, commented on the significance of the acquisition, noting the substantial progress in exploration geology and commodity focus since the last studies conducted 45 years ago. He highlighted the prospects for immediate copper and gold extraction at both historical and newly discovered sites across the licensed territory. Dr. Coughlin also praised Saudi Arabia for its visionary and proactive stance in promoting the mining sector, as well as for its innovative financial support mechanisms.

Mr. Tareq Telmesani, CEO of MIDU and Chairman of Royal Road Arabia, expressed gratitude for the awarded opportunity and eagerness to initiate the Al-Miyah project. He reaffirmed MIDU’s commitment to leveraging their full capabilities to advance Saudi Arabia’s Vision 2030 and to become a key contributor to the Kingdom’s mining industry.

Tags: coppergoldmining sectorRoyal Road MineralsSaudi Arabia
Copy Link ShareShareTweetSend

Related Posts

Mining

Mining Licenses Drive Saudi Arabia’s Industrial Growth

May 30, 2025
Mining

Women in Mining Association Empowers Saudi Mining Sector

May 25, 2025
Mining

Rare Earth Supply Chain in Saudi Arabia: Maaden & MP Materials

May 20, 2025
Mining

Rare Earths Supply Chain: MP Materials & Saudi Arabia Deal

May 16, 2025
Mining

Mining Collaboration: Saudi Arabia and Indonesia Sign Agreement

April 19, 2025
Mining

Future Minerals Forum Secures $28.5B Deals

February 10, 2025

Recommended News

Nissan-PIF Partnership: A New Chapter in Auto Industry

Nissan-PIF Partnership: A New Chapter in Auto Industry

April 21, 2025
Feeder Shipping Growth in Saudi Arabia: A 2030 Powerhouse

Feeder Shipping Growth in Saudi Arabia: A 2030 Powerhouse

April 19, 2025
King Salman Automotive Cluster Drives Saudi Automotive Growth

King Salman Automotive Cluster Drives Saudi Automotive Growth

April 23, 2025

Browse by Categories

  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain

Browse by Topics

Battery Energy Storage clean energy digital transformation Economic Diversification Economic Growth Electric Vehicles Energy Storage energy transition Exploration Licenses GFH Financial Group Global Logistics Global Logistics Forum green hydrogen Industry 4.0 Innovation Investment JinkoSolar Joint Venture Logistics Hub Logistics Infrastructure Manufacturing Mineral Resources Mining Industry mining sector Renewable Energy Saudi Arabia Saudi Arabia Logistics Saudi Arabia Mining Saudi Vision 2030 Solar Energy Solar Power solar projects supply chain Supply Chain Management Sustainability Sustainable Development Vision 2030 Wind Energy wind power استثمار السعودية السيارات الكهربائية الطاقة الشمسية سلسلة التوريد صناعة التعدين

Follow Us

Follow us on social media:
Recent News
Recent Posts
  • Saudi Arabia’s Renewable Energy Leadership with IRENA
  • Small Modular Reactor Technology Powers GCC Energy Future
  • NEOM Green Hydrogen Plant Nears Completion in Saudi Arabia
Categories
Categories
  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain
Newsletter
Subscribe to our mailing list to receives daily updates direct to your inbox!
All rights reserved for the National Industrial Development and Logistics Program
  • Home
  • Privacy Policy
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
  • Privacy Policy

All rights reserved for the National Industrial Development and Logistics Program