Company Insights Ma’aden Mining Ma’aden News Opinion Energy Mining the Middle East’s rich seam of copper Red metal can put a shine on the region's diversification from oil wealth April 17, 2023 Manufacturing Saudi Arabia seeks foreign and local mining firms to join big dig Saudi Arabia is inviting local and international mining companies to bid for licences on five exploration sites across the kingdom. The Ministry of Industry and Mineral Resources said on Monday it had launched pre-qualification for the licensing round, as Riyadh steps up the search for foreign investors as well as efforts to explore its reserves […] February 13, 2023 Energy Luxembourg firm commits $50m investment to Saudi mining A Luxembourg-based natural resources group is set to enter Saudi Arabia with an initial $50 million investment as the kingdom looks to attract more foreign companies to its burgeoning mining sector. Eurasian Resources Group (Erg) said there is potential to grow its Saudi investment year-on-year, adding that it will prioritise large scale, early-stage exploration for […] January 31, 2023 Development Saudi to auction five mining exploration licences in 2023 Saudi Arabia is set to auction five new mining exploration licences next year, state news agency SPA has reported, citing Bandar bin Ibrahim AlKhorayef, the minister of industry and mineral resources. The licences, aimed at international and local investors, will include copper, zinc, lead and iron deposits and will be auctioned for sites in Bir […] October 31, 2022 Manufacturing Record profits for Gulf’s materials sector but growth set to slow Profits among the Gulf’s listed companies in the materials sector reached their highest levels on record in the second quarter of 2022. However, industry experts believe supply chain issues and the Ukraine war will see growth begin to slow. Across the whole of the GCC, the total net profit of listed companies reached $77.3 billion […] September 2, 2022 Manufacturing Saudi to award Umm Ad Damar mining licence in November The Saudi Geological Survey has completed the pre-qualification phase to award the exploration license for the Umm Ad Damar mining project, CEO Abdullah Al-Shamrani told Arab News. “The project will go through different cycles, but by the end of November, we will see the winning company,” he said. Umm Ad Damar covers an estimated area […] September 1, 2022 Manufacturing Manufacturing and mining help Saudi industrial output rise 20.8% Industrial production in Saudi Arabia increased by 20.8 percent year-on-year in June, with the mining and manufacturing sectors the main catalysts for growth. The Saudi General Authority for Statistics (GASTAT) found that in June the Industrial Production Index (IPI) rose 20.8 percent year-on-year. A dive into the figures of their report showed that manufacturing activity […] August 16, 2022 Banking & Finance Saudi Arabia’s Maaden’s Q2 profit triples to $1.1bn Saudi Arabian Mining Co. (Maaden) reported Q2 2022 net profit more than tripled to SAR 4.03 billion ($1.07 billion) from SAR 1.10 billion in the year-earlier period on higher sales prices and increased production. Sales revenue stood at SAR 11.87 billion in Q2 2022 compared to SAR 6.10 billion in the prior period, the mining […] August 12, 2022 Posts navigation Previous 1 … 7 8
Opinion Energy Mining the Middle East’s rich seam of copper Red metal can put a shine on the region's diversification from oil wealth April 17, 2023
Manufacturing Saudi Arabia seeks foreign and local mining firms to join big dig Saudi Arabia is inviting local and international mining companies to bid for licences on five exploration sites across the kingdom. The Ministry of Industry and Mineral Resources said on Monday it had launched pre-qualification for the licensing round, as Riyadh steps up the search for foreign investors as well as efforts to explore its reserves […] February 13, 2023
Energy Luxembourg firm commits $50m investment to Saudi mining A Luxembourg-based natural resources group is set to enter Saudi Arabia with an initial $50 million investment as the kingdom looks to attract more foreign companies to its burgeoning mining sector. Eurasian Resources Group (Erg) said there is potential to grow its Saudi investment year-on-year, adding that it will prioritise large scale, early-stage exploration for […] January 31, 2023
Development Saudi to auction five mining exploration licences in 2023 Saudi Arabia is set to auction five new mining exploration licences next year, state news agency SPA has reported, citing Bandar bin Ibrahim AlKhorayef, the minister of industry and mineral resources. The licences, aimed at international and local investors, will include copper, zinc, lead and iron deposits and will be auctioned for sites in Bir […] October 31, 2022
Manufacturing Record profits for Gulf’s materials sector but growth set to slow Profits among the Gulf’s listed companies in the materials sector reached their highest levels on record in the second quarter of 2022. However, industry experts believe supply chain issues and the Ukraine war will see growth begin to slow. Across the whole of the GCC, the total net profit of listed companies reached $77.3 billion […] September 2, 2022
Manufacturing Saudi to award Umm Ad Damar mining licence in November The Saudi Geological Survey has completed the pre-qualification phase to award the exploration license for the Umm Ad Damar mining project, CEO Abdullah Al-Shamrani told Arab News. “The project will go through different cycles, but by the end of November, we will see the winning company,” he said. Umm Ad Damar covers an estimated area […] September 1, 2022
Manufacturing Manufacturing and mining help Saudi industrial output rise 20.8% Industrial production in Saudi Arabia increased by 20.8 percent year-on-year in June, with the mining and manufacturing sectors the main catalysts for growth. The Saudi General Authority for Statistics (GASTAT) found that in June the Industrial Production Index (IPI) rose 20.8 percent year-on-year. A dive into the figures of their report showed that manufacturing activity […] August 16, 2022
Banking & Finance Saudi Arabia’s Maaden’s Q2 profit triples to $1.1bn Saudi Arabian Mining Co. (Maaden) reported Q2 2022 net profit more than tripled to SAR 4.03 billion ($1.07 billion) from SAR 1.10 billion in the year-earlier period on higher sales prices and increased production. Sales revenue stood at SAR 11.87 billion in Q2 2022 compared to SAR 6.10 billion in the prior period, the mining […] August 12, 2022
