Categories: Business

Ma’aden among firms bidding for Umm Ad Damar mining exploration license


Thu, 2022-10-13 16:36

RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources has received two bids for the Umm Ad Damar exploration license in Madinah, according to a statement. 

In line with Saudi Vision 2030, this comes as part of the ministry’s Accelerated Mining Initiative and National Industrial Development and Logistics Program, according to a statement. 

The two offers were both submitted by alliances; the first from Saudi Arabian Mining Co., known as Ma’aden, and Barrick Gold, with the second from Abdul Rahman Saad Al-Rashid & Sons Co. and Gold and Minerals Co.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Rushdi Abualouf: If Hamas disarmament plan holds, it could mark first credible step to ending Gaza war

After months of marathon talks, Hamas has, for the first time, accepted a framework of…

2 hours ago

Trump says Board of Peace has reached agreement for disarmament of Hamas

The US president said Israel would withdraw from Gaza "as disarmament is completed" and called…

3 hours ago

Farmwatch: Farmer on mental health issues

"Tom the Young Farmer" tells BBC Radio Shropshire how it's important to check in on…

17 hours ago

Attacks ‘getting worse’: Deadly Russian strikes hit Ukrainian cities

Reports from the ground point to widespread damage to homes and civilian buildings, with search…

19 hours ago

Returning Afghans face growing risk of trafficking as crises deepen

Agencies report that mass returns from Iran and Pakistan, combined with shrinking humanitarian assistance, the…

19 hours ago

Egypt says drone attack caused fire on gas ships at Mediterranean port

Egypt's cabinet has confirmed that a drone attack caused the fire that broke out on…

19 hours ago