Skip to content Skip to Search
Skip navigation

Saudi Arabia shortlists 13 bidders for two mining sites 

By Pramod Kumar
Mining, Person, Outdoors Reuters/Ivan Alvarado
Deposits in the bidding areas include copper, zinc and silver

Saudi Arabia’s Ministry of Industry and Mineral Resources has shortlisted 13 local and international companies for the second licensing stage of the Muhaddad and Ar Ridaniyah exploration sites. 

The Muhaddad exploration site, located in Bisha within the Asir geological terrane, covers 139 sq km and includes copper, zinc and lead ores deposits, the ministry said in a statement.

Meanwhile, the Ar Ridaniyah exploration ⁠site is based in the Riyadh region within the Al-Dawadmi geological terrane. It spans an area of more than 75 sq km and includes deposits of zinc and silver ore. 

Qualified bidders for the Muhaddad and Ar Ridaniyah sites are African Rainbow Minerals Limited, Alara Saudi Ventures Pty Ltd, Almasane Alkobra Mining Company, Barrick Gold Corporation, ERG Arabia Limited, Moxico Resources, Saudi Arabian Mining Company, Yilmaden Holding, Vedanta Limited, Abdulrahman Saad AlRashid & Sons Company, Ajlan & Bros Mining Company & Norin Mining Company Consortium, Panoro Minerals Ltd, and Royal Road & MSB Holding Company Consortium. 

Qualified bidders can submit their proposals by the end of May, and successful applicants are scheduled to be announced the following month.

The ministry emphasised that local and international mining companies are still welcome to participate and visit the publicly available data room in the three open exploration sites at Umm Hadid, Bir Umq and Jabal Sahabiyah. 

Qualified bidders for these sites will also be announced in June. 

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]