Mining Saudi Arabia extends bids deadline for largest mineral belts By Pramod Kumar December 25, 2024, 10:44 AM Reuters/Fahad Shadeed A miner works in the Al Amar gold mine, southwest of Riyadh. The extension was granted following a request from qualified bidders Saudi Arabia has extended the deadline for submitting exploration licence proposals for its first mineralised belts. The extension was granted following a request from qualified bidders, seeking more time to complete the procedures, the Ministry of Industry and Mineral Resources said. In November the ministry announced 14 pre-qualified bidders for the five mineralised sites. The proposal submission deadline is January 21 2025, with the bid opening slated for February 11 and the winning companies announced on February 16. In July the ministry’s spokesperson Jarrah bin Mohammed Al-Jarrah said that Jabal Sayad and Al-Hajjar are the largest mineralised belt sites. Saudi Arabia secures $9bn to unlock mining potential Critical minerals become a Middle East battleground Saudi Arabia’s Ma’aden seeks $1bn private sector investment The Jabal Sayid belt, located northeast of Jeddah and east of Medina, is home to the Jabal Sayid and Mahd AlThahab mines. The Al-Hajjar site within the the Asir Terrane holds gold, copper and zinc deposits. It previously included the Alhajjar mine, which produced 40,000 ounces of gold annually before becoming inactive. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
