Page 2 - Bros Mining News Today

The government estimates the kingdom's unused mineral resources to be valued at $1.33-trillion.

Saudi Arabia is planning to auction five new mining exploration licenses with copper, zinc, lead, and iron deposits for local and international investors

RIYADH: Saudi Arabia is planning to auction five new mining exploration licences with copper, zinc, lead and iron deposits for local and international...

The ministry will launch the bidding process later for the licences in Bir Umq, Jabal Idsas, Umm Hadid, Jabal Sahabiyah and Ar Ridaniyah

NSX Limited (ASX:NSX) wishes to advise that Ajlan & Bros Mining Co., Ltd. and NSX Limited, the 100% owner of the National Stock Exchange of Australia Limited signed a Term Sheet for a Joint Venture Agreement for the purpose of establishing the Kingdom of Saudi Arabia Metal and Mining Exchange.

MIM received numerous inquiries and 6 world-class proposals from companies around the world seeking to explore the site, and the ministry is looking forward to the third and final stage of the license application process, which will kick off on Sept. 4.