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The Saudi Ministry of Industry and Mineral Resources announced on Wednesday the preferred bidders in the fourth series of the licensing rounds conducted as part of the Accelerated Exploration Program initiative. The initiative has been designed to effectively leverage the Kingdom’s mineral resources in support of the development and growth of the mining sector, in line with the goals of Saudi Vision 2030 and the National Industrial Development and Logistics Program.

RIYADH: Backed by recent reforms in the mining sector, Saudi Arabia sought the participation of Japanese firms in its massive exploration activities that aimed to attract SR40 billion ($10.6 billion) in investment. As part of the Invest Saudi initiative, top ministry officials of the Kingdom and Japanese business leaders met in Tokyo between May 31 and June 2 to discuss ways

Thirteen local and international companies have been shortlisted to progress to the second licensing stage for the exploration sites of Muhaddad and Ar Ridaniyah, announces Saudi Arabia’s Ministry of Industry and Mineral Resources

/PRNewswire/ -- Saudi Arabia's Ministry of Industry and Mineral Resources has announced the application schedule for the licensing round of five exploration...

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