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April 19, 2024
Saudi Arabia's abundant mineral wealth, estimated at SR9.4 trillion
April 19, 2024
Saudi Arabias abundant mineral wealth, estimated at SR9.4 trillion ($2.5 trillion), presents a crucial opportunity to expand non-oil revenue streams alongside the oil and petrochemical industries.
February 14, 2023
RIYADH: Saudi Arabian Mining Co., the largest multi-commodity mining and metals company in the Middle East, is set to raise the company’s capital by 50 percent to SR36.91 billion ($9.84 billion), according to a filing to Saudi Arabia’s stock exchange. The capital will be raised through a one-for-two bonus share distribution, and the capital top-up will be financed through
February 13, 2023
Saudi Arabia issued more than 2,000 mining licences last year, of which the lions share went to the building materials and quarry sector, followed by exploration and exploitation, said a report. Region wise, Riyadh got the largest number of licences.
February 13, 2023
The number of valid mining licenses in the sector reached 2,272 by the end of December 2022, the report says. Building material and quarry licenses took the lion share, at 1,383, followed by exploration licenses (635), exploitation licenses (178), reconnaissance licenses (43) and surplus mineral ore licenses (33).
January 3, 2023
RIYADH: Industrial projects worth SR7.2 billion ($1.9 billion) were approved by Saudi Arabia in November as the Kingdom signed off on 82 new licenses – a month-on-month rise of 5.1 percent, according to the National Industrial and Mining Information Center. The number of permits issued in November 2022 is 14 more than were awarded in the same month a year earlier. Small
July 1, 2022
Saudi Arabia issues 80 mining licenses in May
July 1, 2022
Saudi Arabia issues 80 mining licenses in May
June 1, 2022
RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources issued 86 new mining licenses in April 2022, according to data from the National Industries and Mining Information Center. Out of the total, 68 were to build material quarries, while 13 were exploration licenses. The ministry also issued five surplus mineral ore licenses in April. According to the latest