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Madden Hancock Partnership Drives Saudi Mining Exploration Strategy...
30 Dec, 2025 10:48 51 min read
The partnership between Maaden and Hancock for mineral exploration in Saudi Arabia’s Nabitah Ad Duwayhi gold belt is a strategic cross-border alliance designed to blend sovereign oversight with international mining expertise. With Maaden holding a 50.1% majority stake and Hancock owning 49.9%, the joint venture balances Saudi control with Australian technical and operational input. The initial $5 million exploration budget targets three mineral belts across 24,000 square kilometers, following a phased approach aligned with Saudi Arabia’s Vision 2030 economic diversification goals. The alliance exemplifies modern risk-sharing frameworks in mining, leveraging Hancock’s exploration capabilities and Maaden’s local infrastructure and regulatory advantages, positioning Saudi Arabia as an emerging global mining jurisdiction.... More