{"id":93398,"date":"2025-01-15T00:00:00","date_gmt":"2025-01-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/15\/industry-ministry-awards-six-mining-licenses\/"},"modified":"2025-01-15T00:00:00","modified_gmt":"2025-01-15T00:00:00","slug":"industry-ministry-awards-six-mining-licenses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/15\/industry-ministry-awards-six-mining-licenses\/","title":{"rendered":"Industry Ministry awards six mining licenses"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The<\/strong><strong> Industry and Mineral Resources Ministry awarded exploration licenses for six sites <\/strong><strong>in Riyadh and Makkah<\/strong> under its seventh exploration tender, according to <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2242309\" style=\"\" rel=\"noopener\">state news agency SPA<\/a>. The tender saw 11 firms submitting a total of 24 bids, the ministry said. The concessions are expected to carry copper, zinc, gold, silver, and lead deposits. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The awardees:<\/strong><\/p>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/amak.com.sa\/\" style=\"\" rel=\"noopener\">Al Masane Al Kobra<\/a> landed three licenses to explore concessions in North Jabal Al Khallah and South Jabal Al Khallah in Riyadh, and Jabal Al Daama in Makkah;<\/li>\n<li>The Um Ajlan concession in Riyadh went to a consortium of <a target=\"_blank\" href=\"https:\/\/www.artar.com.sa\/\" style=\"\" rel=\"noopener\">ARTAR<\/a> and <a target=\"_blank\" href=\"https:\/\/gmco.com.sa\/\" style=\"\" rel=\"noopener\">Gold and Minerals Company<\/a> ;<\/li>\n<li>A consortium of the Arabian Gulf Mining Company and India\u2019s <a target=\"_blank\" href=\"https:\/\/skylarkworld.com\/home\/mining.html\" style=\"\" rel=\"noopener\">Skylark<\/a> secured a license for Wadi Al Laith in Riyadh;<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/powernickel.com\/\" style=\"\" rel=\"noopener\">Canada\u2019s Power Nickel<\/a> landed exploration rights for Jabal Baydan in the Hijaz Mountains.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More licenses coming:<\/strong> The ministry also plans on putting on offer 50k sq km of mineral concessions during the ongoing Future Minerals Forum, with prospects for gold, copper, and zinc.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Saudi Arabia has big mining plans:<\/strong> The ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e05daf4b-eff6-4b06-997c-6fa072982e5e\" style=\"\" rel=\"noopener\">launched a SAR 685 mn<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e05daf4b-eff6-4b06-997c-6fa072982e5e\" style=\"\" rel=\"noopener\">incentive package<\/a> last year as part of efforts to expand the sector and tap reserves of gold, phosphate and others. The goal is to attract local and foreign mining investors as part of a push to become a global hub for metals critical for the energy transition and become an EV manufacturing hub. The nation\u2019s untapped mineral resources are worth c. USD 2.5 tn, or 90% more than the last forecast in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another 50k sq km of mineral concessions will be up for offer<\/p>\n","protected":false},"author":1,"featured_media":93399,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2546],"tags":[3711,10,1537,50],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining","tag-al-masane-al-kobra-amak","tag-enterpriseam-ksa","tag-industry-and-mineral-resources-ministry","tag-mining","wpautop","entry"],"acf":{"mongo_id":"d6b04e75-1f1f-431a-83f6-e34eb184e9b1","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/863.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Industry Ministry awards six mining licenses","related_issue":[93391],"teaser":"Another 50k sq km of mineral concessions will be up for offer","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.5d02c7ee-0029-49d2-aa9e-22bb9b7bac67.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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