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.
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