RIYADH: The consortium of Moxico Resources and Ajlan & Bros. won the license for the exploration of Saudi Arabia’s Al-Khunayqiyah mining site project, where zinc and copper deposits are estimated at around 26 million tons, the Ministry of Industry and Mineral Resources said on Wednesday. The ministry awarded the license for SR252 million ($ 67 million) after a four-day
JEDDAH: The exploration license for Saudi Arabia’s Al-Khunayqiyah mining site project which spans 353.8 sq. km. will be rewarded next week, a top official said. In an exclusive interview with Arab News, Abdulrahman AlBelushi, head of the Mining Strategy Department at the Ministry of Industry and Mineral Resources, said the multi-round auction for licensing will begin on Sept.
RIYADH: Mining firms battling it out to secure the largest exploration license in Saudi Arabia have been reduced to the final three, the Ministry of Industry and Mineral Resources has announced. Joint bids from the Kingdom’s Alara Ventures and the Tasnim Group Co.; the Saudi Arabian Mining Co.– also known as Maaden and Ivanhoe Electric Co.; and Mochico Resources and Ajlan &