At the Saudi-Chinese Business Forum in Beijing, Saudi Arabia and China signed 42 investment agreements worth o ..Read More

At the Saudi-Chinese Business Forum in Beijing, Saudi Arabia and China signed 42 investment agreements worth over USD 1.74 billion across industrial, energy, health, and mineral resource sectors.
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• Mining

Saudi Arabia awarded exploration licenses for 25 mining sites (especially in the Nabitah–Ad Duwayhi Belt, Ma ..Read More

Saudi Arabia awarded exploration licenses for 25 mining sites (especially in the Nabitah–Ad Duwayhi Belt, Makkah) to domestic and international firms, committing over SAR 156 million in exploration work.
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• Mining

Oman’s Ministry of Energy and Minerals opened its 2025 mining bidding round by launching four new concession ..Read More

Oman’s Ministry of Energy and Minerals opened its 2025 mining bidding round by launching four new concession areas (Blocks D-11, E-22, B-14, H-51) with promising potentials for copper, gold, silver, chromite and industrial minerals to attract local & international investors.
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• Mining

Saudi Arabian Mining Company (Maaden) and US-based MP Materials signed an MoU during the US-Saudi Investment F ..Read More

Saudi Arabian Mining Company (Maaden) and US-based MP Materials signed an MoU during the US-Saudi Investment Forum 2025 to explore the development of a fully integrated rare earth supply chain in Saudi Arabia. The partnership aims to advance mining, refining, and magnet production of Rare Earth Elements (REEs), leveraging Saudi Arabia’s infrastructure and energy base. This strategic move supports growing demand in sectors like robotics, aerospace, and energy, while strengthening US-Saudi economic ties.
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Mazoon Mining, a subsidiary of Minerals Development Oman, secured RO 104 million (USD 270 million) in financin ..Read More

Mazoon Mining, a subsidiary of Minerals Development Oman, secured RO 104 million (USD 270 million) in financing from regional banks to develop Oman’s largest integrated copper concentrate project in Yanqul, spanning 20 sq. km. The project will produce 115,000 tonnes of copper concentrate annually (21.5% purity) from 22.9 million tonnes of ore. Key contracts were signed with ASYAD, ONEIC, STRABAG Oman, and Lycopodium (Canada), with supply agreements from Metso. The project emphasizes sustainability and aligns with Oman Vision 2040.
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• Construction
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Saudi Arabia’s Ministry of Industry and Mineral Resources has extended the pre-qualification deadline for th ..Read More

Saudi Arabia’s Ministry of Industry and Mineral Resources has extended the pre-qualification deadline for the 9th round of exploration license bidding to June 16, 2025, covering 24,423 sq. km across three mineral-rich belts in Madinah and Riyadh. The licenses offer access to gold, copper, silver, zinc, and nickel, and are part of plans to open 50,000+ sq. km for exploration in 2025. Key bidding dates include: May 30 (guidelines), July 1 (auction), August 15 (bid deadline), and August 30 (winner announcement). The process will use a fully automated, transparent system via the Ta’adeen Platform.
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• Mining

Prince Faisal bin Khalid bin Sultan inaugurated SAR29 billion worth of development and investment projects in ..Read More

Prince Faisal bin Khalid bin Sultan inaugurated SAR29 billion worth of development and investment projects in Wa’ad Al Shamal Mining City, including Ma’aden’s Phosphate 3 project with SAR28 billion investment to boost Saudi’s phosphate production to 9 million tons annually. Several industrial, logistical, and service projects by MODON, valued at over SAR550 million, were also launched, enhancing infrastructure, energy, and logistics across 4.3 million sqm. Additionally, Prince Faisal inaugurated the expansion of Ma’aden’s residential complex, adding 96 new residential units.
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• Mining

Saudi Arabia’s Ministry of Industry and Mineral Resources has announced that six mining companies have quali ..Read More

Saudi Arabia’s Ministry of Industry and Mineral Resources has announced that six mining companies have qualified for the first wave of the Exploration Enablement Program (EEP). Launched at the Future Minerals Forum 2024, the initiative aims to boost mining investments, accelerate exploration, and enhance sector competitiveness. The program, aligned with Saudi Vision 2030, facilitates technical and geological data reliability while reducing risks for exploration companies.
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• Mining