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Saudi Arabia qualifies 31 firms for 3 mining sites in Madinah, Riyadh
Saudi Arabia’s Ministry of Industry and Mineral Resources has qualified 31 local and international companies to compete for exploration licenses across three mineral-rich belts spanning over 24,000 sq km.
The winning companies will be announced in September, the ministry said in a post on the social messaging platform X.
In March, the ministry sought pre-qualification applications for the ninth round of exploration license competitions. The targeted belts included Nuqrah and Sukhaybrah Al-Safra in the Madinah region, as well as Nabitah in the Riyadh region.
These sites contain a variety of precious and base metals, including gold, copper, silver, zinc, and nickel.
The ministry aims to launch exploration tenders for an area of 50,000 sq km by year-end, Khalid Al-Mudaifer, Vice Minister of Industry and Mineral Resources for Mining Affairs, Saudi Arabia, has said.
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