MINING-

Amak forms consortium to bid for Nuqrah VMS Belt mining license: Almasane Alkobra Mining (Amak) signed an agreement with Asas Mining and Arab Mining – Fujairah to form a consortium and jointly bid for the Nuqrah VMS Belt exploration license in Round 9 of mining bids, it said in a disclosure to Tadawul. The license covers the study, development, and exploitation of copper, zinc, gold, silver, and lead across 355 sq km in the Madinah, Hail, and Qassim regions.

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After receiving the license and regulatory approval, the parties plan to establish a joint venture, with Asas Mining holding 60% and Amak and Arab Mining Company Fujairah each holding 20%. The agreement remains in effect until the tender is awarded, and will terminate if the bid is unsuccessful or upon formation of the JV. No investment size or timeline was disclosed.

BACKGROUND- Amak snapped up multiple exploration licenses last year. They include a five-year chromium, copper, nickel, and manganese exploration license in Al Baha Province secured in December, a five-year quartz exploration license in Najran and Asir secured in August, and a five-year exploration license for manganese ore in Al Baha province secured in July. The firm also landed two exploration licenses in June worth a total of SAR 92 mn, covering Jabal Qaran and Al Hijra, which hold reserves of gold, copper, lead, and zinc.

MANUFACTURING-

The Industry and Mineral Resources Ministry extended the deadline for factories to update their information in the national industrial survey to 4 May, state news agency SPA reports. The update should be completed through the Sanaee platform, and it involves filling out a survey prepared by the National Center for Industrial and Mining Information.

LOGISTICS-

Mawani boosts links to Pakistan, UAE: The Saudi Ports Authority (Mawani) added AP Line ’s shipping service Al Pakistan Gulf to King Abdulaziz Port in Dammam, according to a statement. The new service, which boasts a capacity of 2.9k TEUs, will connect King Abdulaziz Port to the ports of Karachi in Pakistan and Jebel Ali in the UAE.

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