Saudi Arabia to auction 3 mining licences in 2022

January 13, 2022

Saudi Arabia plans to auction up to three mining licences in 2022, including Khnaiguiyah mines where zinc and copper deposits are estimated at around 26 million tonnes…reports Asian Lite News

The bidding process will start by the end of the first quarter of 2022, the Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef was quoted as saying on the sidelines of an international mining conference in Riyadh.

The Minister also pointed out that Saudi Arabia sought to create laws and regulations that contribute to the growth of the mining sector and attracting investments, Xinhua news agency reported.

ALSO READ: Saudi aims to develop nuclear power programme

Meanwhile, Governor of the Public Investment Fund (PIF), Yasir bin Othman Al-Rumayyan stressed that many of the future industries depend on the mining sector.

He pointed out that the PIF considers mining one of the main strategic sectors with great importance to realise the Saudi Vision 2030 goals.

Previous Story

1 dead, 8 still trapped in China’s flooded power station

Next Story

Crisis in Kazakhstan – a seismic event in Central Asia

Latest from Arab News

Arab unity rises for Syria

Arab and allied foreign ministers issued a unified rebuke of Israel’s strikes on Syria, pledging support for Damascus, backing reconstruction, and warning

UN Chief Slams Gaza Church Strike

UN Chief Slams Israeli Strike on Gaza Church Shelter…reports Asian Lite News UN Secretary-General António Guterres strongly condemned Israel’s strike on the

Don't Miss