Saudi Arabia Pushes Ahead to Become a Global Mining Player
The Saudi push to become a global actor in the mineral supply chain is driven by strategic domestic, regional, and international considerations. Ahmed Alqarout Oct 26, 2023. …
Saudi's mining industry – past, present and future
Ahead of the Future Minerals Summit set to be held in Riyadh, Saudi Arabia from 11-13 January, 2022, IM Editorial Director Paul Moore had the opportunity to talk with the Vice-Minister of Mining Affairs for the Ministry of Industry and Mineral Resources of the Kingdom Saudi Arabia, His Excellency Khalid Al-Mudaifer, who also happens to be the ex-CEO of state …
Is Saudi mineral self-sufficiency a new priority?
Mining investment in Saudi Arabia ... an integral component in electric cars and other technologies vital to the net-zero project. The Saudi Ministry of Industry and Mineral Resources has reportedly secured a $6bn project to build a steel plate mill complex and an electric vehicle battery metals plant as part of its plans to attract the $32bn ...
Saudi Arabia Has a Strategic Advantage in Sourcing Critical …
In September the United States and Saudi Arabia advanced discussions to form a partnership to boost critical minerals supply from African countries. Saudi Arabia announced that it would purchase $15 billion in global mining stakes to secure minerals from countries such as Namibia, Guinea, and the Democratic Republic of Congo, to increase critical minerals supply …
Saudi aims for $64bln share for mining in 2030 GDP
He told the Saudi Almadina daily that the largest Arab economy awarded 16 new mining contracts in 2022, an increase of nearly 60 percent over the previous year. "The Kingdom is planning to intensify a drive to attract more investment in the mining sector to boost its contribution to GDP to over $64 billion in 2030," Al-Mudaifer said.
Saudi Arabia to open bidding for 8 mining …
Saudi Arabia is on pace to make mining the third pillar of its economy, and it is working intensively to utilize the estimated 5,300 mineral resource sites worth SR5 trillion ($1.33 trillion ...
Saudi Arabia earmarks $182 mln for minerals exploration in mining …
A worker holds a rock at the Al Amar gold mine, 200km (124 miles) southwest of Riyadh, May 28, 2008. The Al Amar mine, an underground deposit in Saudi Arabia, mainly contains gold and zinc.
Saudi Arabia: Five Largest Mines in 2021
Al Jalamid Mine in Al Riyadh, was the largest mine in Saudi Arabia, producing approximately 9.8 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) in 2021. The Al Jalamid Mine is owned by Saudi Basic Industries Corp;Saudi Arabian Mining Co, and is due to operate until 2045. The second largest mine with approximately 9.6 mmtpa of ROM, was the Al Shamal …
Inside Saudi Arabia's plan to dominate mining
Saudi Arabia sees vast riches beyond oil within its reach. The kingdom's broad-ranging ambition, a top mining official told Semafor, is to extract the more than $2.5 trillion in metals in its soil, invest in minerals extraction …
Saudi Arabia signs mining deals with four nations
Saudi Arabia has signed memorandums of understanding (MOUs) for mining collaborations with Egypt, Russia, Morocco and the Democratic Republic of Congo at the Future Minerals Forum in Riyadh, Saudi ...
Saudi Arabia fast tracks efforts to become leader of …
Vision 2030 seen as main driver of the minerals mining push Saudi Arabia with unique position to "start from scratch" Future Minerals Forum creates buzz around the country's plans Saudi Arabia is spee ... Vision 2030 has been the comprehensive framework to enable the intensive focus on metals and the new smart city project Neom which is aiming ...
Saudi Arabia announces 6 new mining …
Saudi Arabia has announced six new mining opportunities that will be presented at Future Minerals Forum 2023 (FMF 2023), which is taking place from 10 to 12 January at King Abdulaziz International Conference Centre in …
Worley, JESA awarded $278m Contracts from Ma'aden
Saudi Arabian Mining Company (Ma'aden) Announces Engineering, Procurement and Construction Management (EPCM) Contract Sign Off with WorleyParsons Arabia Limited and JESA International S.A. The value of the contract is SAR 1.043 billion (278 million USD).
Ma'aden unveils significant gold discovery in Saudi Arabia
Located along the strike from the Mansourah Massarah gold mine, this discovery is expected to strengthen Ma'aden's production pipeline and develop Saudi Arabia's mining sector. Ma'aden stated that the focus of its exploration was centred around Mansourah Massarah on finding potential deposits of a similar scale and geological makeup.
Saudi Arabia Mining Funding and Opportunities
Saudi Arabia has launched a mining fund that plans to invest up to $15bn of capital in overseas assets as the country works to reduce its dependence on fossil fuels. The venture, 51% owned by Saudi state-owned miner Ma'aden, with the remainder owned by the country's Public Investment Fund, will take non-operating minority stakes in mining ...
Mining exploration opportunities in Saudi Arabia | Gowling …
On 30 October 2022, the Saudi Arabian Minister of Industry and Mineral Resources announced that Saudi Arabia is planning to auction five new mining exploration opportunities for local and international investors in 2023. In this article, we provide an overview of the new Mining Law that these mining sites are being auctioned in line with and the types of licenses open to …
Saudi Arabia's crown prince looks to metals as new source …
The plan may be among the less glamorous components of his grand Vision 2030 to transform the Saudi economy. The prospect of turning the country into a metals hub that can make a dent in a global ...
Saudi Arabia Mining Funding and Opportunities
Saudi Arabia pursuing Investments up to $15bn aimed to secure access to minerals used in solar panels, electric cars and other industries. Saudi Arabia has launched a …
Saudi Arabia launches mining fund in effort to …
The venture, 51 per cent owned by Saudi state-owned miner Ma'aden, with the remainder owned by the country's Public Investment Fund, will take non-operating minority stakes in mining projects ...
Major Saudi company awards $28mn contract for its gold mining project …
Saudi Arabian Mining Company (Ma'aden) has awarded a key construction contract worth SR105 million ($28 million) to Darkstone, a specialist in industrial mechanical and electrical maintenance, construction and MEP works, for the second phase of Mansourah-Massarah Gold Project in the kingdom.
Ajlan, Moxico consortium wins Khnaiguiyah
Ministry of Industry and Mineral Resources, Saudi Arabia announced that the consortium of Ajlan & Bros Mining Company (Saudi Arabia) and Moxico Resources PLC (UK) emerged as the winner of the electronic multi round auction for Khnaiguiyah exploration license, the largest in the Kingdom.
Mining industry in Saudi Arabia
The net profit of the Saudi Arabian Mining Co. Ma'aden dropped from 2.2 billion Saudi Riyal in 2018 in profits to 847.36 billlion Saudi Riyal in losses. It is the kingdom's largest …
Saudi Arabia Pushes Ahead to Become a Global Mining Player
In May 2022, Saudi Arabia announced a $6 billion project to build a steel plate mill complex for the shipbuilding, oil and gas, construction, and defense sectors and an electric vehicle battery metals plant. ... Saudi Arabia's mining aspirations also link to its nuclear power plans. The kingdom has engaged in negotiations to launch a civilian ...
The Potential Re-Use of Saudi Mine Tailings in …
The Kingdom of Saudi Arabia covers an area of approximately 2 million km2 and is rich in natural resources that are necessary for industrial development. The estimated mineral wealth beneath the Kingdom's soil is …
Inside Saudi Arabia's plan to dominate mining
To build projects, we need minerals. Therefore, mining of Saudi Arabia [is] the first step, bringing minerals from outside is the second step, third step is to build Saudi Arabia as a hub." ... and for the seven years prior he …
Saudi Arabia plans $32bn investment in mining …
According to Saudi Arabia Industry and Mineral Resources Minister Bandar bin al-Khorayef, the government, as part of this investment plan, is currently implementing a steel plate factory with an investment of more than …
PIF | How Saudi Arabia's Ma'aden is mining for …
But for the Saudi Arabian Mining Company, or Ma'aden, long- and short-term strategic plans are studded with superlatives – and even what might be construed as contradictions. As CEO Robert Wilt explains, the mining …
Saudi Arabia plans $32bn investment in mining …
As part of the plan, the country intends to support the development of nine mining projects for midstream minerals and metals that aim to support the exportation of mineral products. ... According to Saudi Arabia Industry …
Saudi Arabia to inaugurate $22.7bn mining project in …
Saudi Arabia is set to inaugurate a SAR85bn ($22.7bn) mining project in the country's northern region as part of its plans to diversify the economy away from hydrocarbons. To be held later this week, the inauguration ceremony will be attended by King Salman, Reuters reported, citing energy minister Khalid al-Falih's statement to Al Arabiya TV.
AMAK
Our team is on a mission to create long-lasting mining projects, through understanding the geology of the kingdom and developing cost effective alternative methods to extract metal values in order to increase production capacities and shareholder value ... Kingdom of Saudi Arabia. Arabia Fax: 017-5238722 Telephone: 017-5292264 Email : info@amak ...