Arab Press

بالشعب و للشعب
Tuesday, Aug 26, 2025

Saudi mining firm AMAK procures license to explore for gold in KSA’s Asir region

Saudi mining firm AMAK procures license to explore for gold in KSA’s Asir region

Saudi Arabia’s Ministry of Industry and Mineral Resources has issued a gold exploration license to Al Masane Al Kobra Mining Co., also known as AMAK, according to a Tadawul statement.
AMAK will have an exploration license to prospect for gold in the Kingdom’s Asir region, which covers an area of 34 square kilometers.

The license is valid until Nov. 24, 2027, in line with the new Mining Investment Law and its executive regulations, it said.

In the statement, AMAK said that it will carry out the necessary exploratory studies during the statutory period to ensure the availability of the required raw materials.

The financial impact value and timing of this license will become clear after the completion of exploration work and studies, the statement added.

AMAK further noted that any related material developments will be duly revealed.

The mining sector in Saudi Arabia is one of the key pillars of the Kingdom’s economic diversification efforts. A recent report by the Payne Institute for Public Policy at the Colorado School for Mines in the US suggested that Saudi Arabia is set to become a “global leader” in the mining sector, due to its positive investment environment.

In January, the Kingdom also hosted the second edition of the Future Minerals Forum, where industry experts discussed the future of the mining sector in Saudi Arabia. They also talked about several options that could ensure sustainability in the mineral exploration industry.

During a panel discussion at the FMF, Suliman Al-Mazroua, CEO of Saudi Arabia’s National Industrial Development and Logistics Program, said the Kingdom is not only trying to accelerate mining operations to catalyze energy transition but is also working on innovative practices to ensure sustainable operations in the mining sector.

“Saudi Arabia is on both sides; supply and demand. We contribute on the innovation side to achieve sustainability and provide the world with more metals,” said Al-Mazroua.

In an exclusive interview with Arab News on the sidelines of FMF, Al-Mazroua noted that the Kingdom is witnessing a spur in private sector companies entering the mining sector, post the introduction of the new law.

“More importantly, the appetite of the private sector to join the mining industry — that is what matters to us. We see a lot of newcomers joining the mining sector. It shows the appetite and the real opportunity they are seeing in this sector. Mining has never been as popular as it is now,” he said.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
×