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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• Mining

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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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

The Future Minerals Forum 2025 in Riyadh saw the signing of 126 agreements worth SAR107 billion, focusing on m ..Read More

The Future Minerals Forum 2025 in Riyadh saw the signing of 126 agreements worth SAR107 billion, focusing on mining, sustainability, innovation, and supply chains. Major deals include projects in flat steel, crude iron billets, copper smelting, and deep-sea mineral exploration. Key announcements included Aramco and Maaden’s critical minerals project, Hadeed’s acquisition of Al Rajhi Steel, and Baosteel’s first plant outside China. The forum attracted 18,000+ participants from 170 countries, highlighting Saudi Arabia’s push for global mining sector growth.
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• Mining

EV Metals Group’s subsidiary, RIWAQ, has qualified for Saudi Arabia’s Exploration Enablement Program (EEP) ..Read More

EV Metals Group’s subsidiary, RIWAQ, has qualified for Saudi Arabia’s Exploration Enablement Program (EEP), securing support for its Balthaga Project, a 1,300km² battery metals exploration site east of Jeddah. Selected from 18 applicants, RIWAQ received 13 exploration licenses under the program, which aims to accelerate mining development and enhance geoscience knowledge. This milestone aligns with Saudi Vision 2030, advancing the Kingdom’s position as a global mining hub.
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• Mining

Ma’aden announced promising gold and copper discoveries in Saudi Arabia’s Arabian Shield, including a new ..Read More

Ma’aden announced promising gold and copper discoveries in Saudi Arabia’s Arabian Shield, including a new gold find at Wadi Al Jaww and strong mineralization at Jabal Shayban. Drilling at Mansourah-Massarah revealed high-grade gold extensions, supporting potential underground mining. Ma’aden’s exploration efforts, among the largest globally in a single jurisdiction, align with Saudi Vision 2030 to establish mining as the Kingdom’s economic pillar.
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• Mining