Saudi Arabia gives mineral search licenses to many local and international organizations

Saudi Arabia has granted mining licenses to several local and international organizations, the official Saudi press agency said.

The Saudi industry and mineral resources have declared the victory of many local and international organizations that have been exposed in these types of resources in the kingdom, at the Jabal SAHD and al -Hazar site, in an area of ​​4788 square kilometers, which is the whale of valeariation ($ 2.5 trillion).

The winning companies “Azlan Nurin and his brothers” mining, which was obtained by the detection license at the South al -Hajjar site, but “Jakaranda” owned by the “Gold and Minerals Limited” of the “Artar”, “Gold and Minerals Limited”. “Fida Limited” is one of the largest mining companies in the world, “Fida Limited”; On the first recognition license in Jabal Sahil Belt, “Azlan and his brothers” and Chinese “Jagin Mining” alliance – one of the world’s 5 largest mining companies – won the second reveal license in Jabel Soup Belt. The Ministry explained that there were 14 offers from many international and local companies and alliances to contest from organizations who have passed the pre -qualification phase; Offers submitted according to standards such as technical expertise, provided work programs and social and environmental responsibilities. The competition contains several sites, including two licenses for innovation in the Jabal Mountain belt, spread over 2892 square kilometers and contains basic and valuable minerals including copper, zinc, lead, gold and silver.

The competition contains two licenses to reveal the space of Al -Hazar in the Wadi Shovas Belt, which is located in 1896 sq km, which contains copper, zinc, gold and silver.

It is excellent for major international mining companies to obtain mining licenses in the kingdom for the first time; Here is Gizin Maining, Hongcock Prosbeng and Fida Limited are one of the largest mining companies in the world; This will confirm the attraction of the Saudi mining sector and the possibility of searching for major mining companies for major mining companies, the ministry said. The total exploration cost of the winner companies has reached 366 million reals ($ 97.5 million) in the next three years, along with 22 million reals ($ 5.8 million), and that companies have pledged to spend local societies close to mining sites, and at the same time creating job opportunities for children of those areas.

There are responsibilities of winning organizations; The commitment of “Azlan Nurin and his brothers” to spend 209 million reals on the Southern al -Hajjar site, in which the mining company’s commitment, in which, has a drilling of over 119 thousand meters, in addition, in addition, 11.2 million riyles for neighboring areas for neighboring areas, about 11.2 million reels for girls, and for girls on the stage For.

The alliance of the company called “Artar”, “Gold and Minerals Limited.” The company and “Zakaranda”, along with 4.2 million realities, include people of the highest area, including over 62 million reals, digging 52 million meters for searching on the Northern Stones site. «Fida Limited is committed to spending about 33 million reals for searching on the Jabel Soup site, including about 22 thousand meters of excavation, including 3 million reals, including hiring and training of neighboring areas of the site.

The “Azlan and Brothers Mining” company and the alliance of the “Gijin Mining” company is also committed to spending 62 million riots on searching work in the Jabal Soup site 2, along with 51 thousand meters of excavation, along with 4 million riyales on community activities that have the development of infrastructure in the region. The Ministry of Industry and Mineral Resources launched the second phase of the Tomkin Exploration Program in collaboration with the Ministry of Investment; With the aim of supporting mining exploration activities and reducing risks to exploration companies in its early stages, the mining investment system also provides other incentives, allowing foreign companies to establish 100 percent of the Saudi industrial development fund, which is likely to be financed by 75 percent of capital expenditure through the Saudi Industrial Development Fund.

These competitions are in the efforts of the Ministry of Industry and Mineral Resources to achieve the goals of a comprehensive strategy for mining and mining industries, in line with the “Saudi Vision 2030”, increase the purpose of mineral wealth and increase the role of the mining sector in the national economy. The Ministry of Industry and Mineral Resources announced in the activities of the fourth edition of the International Mining Conference held last January, as part of an effort to speak as a stuttering of 50 thousand square kilometers with gold, copper and zinc and providing an attractive investment environment for local and international mining companies.