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The Saudi Ministry of Industry and Mineral Resources (MIM) has announced the final three competitors for a mining exploration license for Khnaiguiyah, the Kingdom’s largest site made available to date.
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 &
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.
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