Saudi Arabia s Ministry of Industry and Mineral Resources issued decrees on offering Ma aden Gold and Base Metals Co. (MGBM) licenses to explore gold ore and related metals on several sites at Shakhtalia, Makkah.
According to the ministerial decrees published on the official gazette Umm Al-Qura on Feb. 12, MGBM, a fully-owned subsidiary of Saudi Arabian Mining Co. (Ma aden), is licensed to explore on eight sites (33, 34, 35, 36, 37A, 38 and 39).
The licenses last five years, starting from Dhul-Hijjah 11, 1441 AH.
The company earlier obtained five-year licenses from the ministry to explore metals on eight Shakhtalia sites (16, 18, 20, 21 and 22), according to data compiled by Argaam.
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