RIYADH: Mining firms are being invited to bid for 12 licenses for building materials quarries in the new Jeddah Crushes Complex in the Makkah Al-Mukarramah region. The Ministry of Industry and Mineral Resources is offering five licenses for ore and gravel, and seven for backfill materials. The ministry is set to receive applications starting Jan. 30 until Feb. 16,
RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources and the Diriyah Gate Development Authority have signed a memorandum of understanding to regulate the country’s mining businesses, Saudi Press Agency reported. Under the MoU, both parties will enhance cooperation in all common fields that serve the various sectors related to regulating mining works in the Kingdom.
RIYADH: Saudi Arabia’s mining sector needs to create small and flexible upstream and downstream firms to boost innovation in the metals industry, according to the CEO of the mining exchange business within Ajlan Bros. In an interview during the second day of the Future Minerals Forum in Riyadh, Lamon Rutten said in order to meet the sector’s rising demand, the Kingdom should
RIYADH: Saudi Arabia’s mining industry is becoming an investment destination largely on the back of the Ministry of Finance’s enablement and support, delegates at the Future Minerals Forum heard on Wednesday. “For a mining industry to flourish, the ministry of finance will need to be in the backseat,” said Saudi Arabia’s Minister of Finance Mohammed Al-Jadaan during a panel
RIYADH: American technology and mineral exploration firm Ivanhoe Electric aims to help Saudi Arabia "separate the haystack from the needle" as the Kingdom looks deeper into the Earth’s surface to extract mineral deposits, according to the company's founder. Speaking at the Future Minerals Forum in Riyadh on Jan. 11, Robert Friedland, who is also the co-chairman of the firm,