saudi arabia mining news and commentary

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  • Saudi Arabia Rare Earth Metals Newswire - EIN Presswire

    Feb 25, 2021· Saudi Arabia takes key decisions on mining sites allocation. Saudi Arabia has announced key decisions related to the largest allocation process for the country's mining reserve sites, including 54 of them spread over a 4000 sq km area, as part of its efforts to develop this sector under the Vision 2030 programme

  • Saudi Arabia's New Mining Law | Jones Day - JDSupra

    Sep 24, 2020· The new Mining Lawis the first of many steps that can be expected to implementSaudi Vision 2030s goals for the Saudi mining industry recent years, Saudi Arabia

  • Breaking through Saudi Arabias defense backlog

    Feb 15, 2019· Breaking through Saudi Arabias defense backlog By: Jay Korman and Aleksandar Jovovic February 15, 2019 Saudi women stand next to the Saudi

  • Saudi Arabia identifies 54 mineral-mining sites | Arab News

    Apr 26, 2020· Saudi Arabia reported 11 more COVID-19-related deaths on Thursday. The death toll now stands at 6,869. The Health Ministry reported 1,055 new cases, meaning that 409,093 people have now contracted ...

  • Saudi Arabia approves new mining investment law

    INDUSTRIAL NEWS. Saudi Arabia approves new mining investment law . Jan 4, 2021 8:27 AM. Saudi Arabia has approved the implementation of a new mining investment law from January 1 that would enhance governance of the sector improve transparency and increase investor confidence a media report...

  • Revealed: Saudi Arabia may have enough uranium ore to ...

    Sep 17, 2020· Saudi Arabia likely has enough mineable uranium ore reserves to pave the way for the domestic production of nuclear fuel, according to confidential documents seen by the Guardian.

  • Saudi Arabia to stop contracting with firms without local ...

    Feb 22, 2021· Saudi Arabia announced Feb. 15 that it plans to stop signing contracts with foreign companies that dont have their Mideast headquarters in the kingdom, state-run media reported, a bold move ...

  • Saudi Arabia: New Mining Investment Law in Saudi Arabia

    Nov 18, 2020· As part of Saudi Vision 2030, a strategic framework aimed at reducing Saudi Arabias dependence on oil and diversifying its economy, the Ministry of Industry and Mineral Resources developed the New Mining Investment Law (the New Law).One of the main goals of the New Law is to attract more local and international investors to the mining sector, and it

  • SAUDI ARABIAN MINING COMPANY (MA'ADEN) : Stock Market News

    SAUDI ARABIAN MINING COMPANY (MA'ADEN) : News, information and stories for SAUDI ARABIAN MINING COMPANY (MA'ADEN) | Saudi Arabian Stock Exchange: 1211 | Saudi Arabian Stock Exchange ... EXCLUSIVE: Saudi Arabia's Ma'aden asks banks to refinance nearly $3 billion of .. RE. 2017: SAUDI ARABIAN MINING MA'ADEN: Company (Maaden) ...

  • Saudi Arabia reopens license applications ... - Mining Beacon

    Saudi Arabias mining industry now offers significant new investment opportunities following several new initiatives which have greatly improved the sectors global competitiveness. This was according to His Excellency, the Vice Minister for Mining Affairs, Khalid Al-Mudaifer , who provided a keynote address at the International Mining and ...

  • Saudi Arabia splits industry and mining from ... - Yahoo News

    Aug 30, 2019· Saudi Arabia created a new ministry for industry and mineral resources, separating it from the kingdom's colossal energy ministry, and replaced the powerful head of the royal court, in a series of royal orders issued late on Friday. The move appears to diminish the sprawling authority of Khalid al-Falih, who retains control of the energy portfolio and chairmanship of state oil giant Saudi Aramco.

  • Saudi Arabia: New Mining Investment Law in Saudi Arabia

    Nov 18, 2020· As part of Saudi Vision 2030, a strategic framework aimed at reducing Saudi Arabias dependence on oil and diversifying its economy, the Ministry of Industry and Mineral Resources developed the New Mining Investment Law (the New Law).One of the main goals of the New Law is to attract more local and international investors to the mining sector, and it lays the foundation for a

  • Saudi Arabia - Mining and Minerals

    Oct 13, 2019· The Ministry of Energy, Industry and Mineral Resources (MEIMR) seeks to increase minings contribution to GDP from $3 billion (over the last five years) $64 billion by 2030 and generate more than 25,000 new jobs in the industry. Recent changes in Saudi Arabias mining laws have created conditions which allow greater access for foreign ...

  • Saudi Arabia Plans to Earn $75 Billion Annually from ...

    Sep 30, 2020· The Saudi Geological Survey reports that the mining sectors goal is to increase its contribution to the GDP to 281 billion riyals ($75 billion USD) annually from 64 billion riyals ($17 billion USD) by 2035. It is estimated that the value of unexploited minerals is roughly 5 trillion royals ($1.3 trillion USD), this is considering Continue reading "Saudi Arabia Plans to Earn $75 Billion ...

  • Saudi Arabia: New Mining Investment Law in Saudi Arabia

    Nov 20, 2020· Saudi Arabia: New Mining Investment Law in Saudi Arabia. Published on Friday, 20 November , 2020 573 Views. As part of Saudi Vision 2030, a strategic framework aimed at reducing Saudi Arabias dependence on oil and diversifying its economy, the Ministry of Industry and Mineral Resources developed the New Mining Investment Law (the New Law ).

  • Saudi Arabia's New Mining Law | Jones Day - JDSupra

    Sep 24, 2020· The new Mining Lawis the first of many steps that can be expected to implementSaudi Vision 2030s goals for the Saudi mining industry recent years, Saudi Arabia has witnessed substantial ...

  • Saudi Arabia creating new mining city - Mining Journal

    Nov 20, 2018· Gold and Silver News 26 APR 2021. Finance. ... A large-scale mining city is being created in Saudi Arabias north as the country moves to capitalise on its other natural resources and reduce ...

  • Saudi Arabia approves new mining investment law - Gulf News

    Jan 11, 2021· The Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, has approved the implementation of a new mining investment law, following its approval by the Council of Ministers last June. The law came into force on 1 January 2021. Saudi Arabias national strategic framework Vision 2030 identified mining as a potentially significant contributor

  • Saudi Arabia aims to boost investment with new mining law ...

    Jun 09, 2020· 2 Min Read RIYADH (Reuters) - Saudi Arabias cabinet on Tuesday approved a new mining law that aims to accelerate foreign investment in

  • Saudi Ministry of Industry and Mineral ... - Arab News PK

    Oct 01, 2020· RIYADH: The minister of industry and mineral resources, Bandar bin Ibrahim Alkhorayef, launched a service on Thursday giving people access to the Taadin (mining) electronic platform that will include all electronically submitted applications for licenses, the registry of all licenses issued by the platform and their procedures, and the registry of mining complexes and mining

  • Saudi Arabia approves new mining investment law

    Saudi Arabia approves new mining investment law . Jan 4, 2021 8:27 AM. Saudi Arabia has approved the implementation of a new mining investment law from January 1 that would enhance governance of the sector improve transparency and increase investor confidence a media report...

  • Saudi Arabia latest eVTOL investment: FII-I invests in ...

    Apr 12, 2021· By Chris Stonor. Saudi Arabia continues to invest in the nascent eVTOL industry after it was announced recently that the kingdom-based Future Investment Initiative Institute (FII-I) has provided finances to the German manufacturer Lilium, reports alarabiya.. This is part of the investment companys strategy to develop and leverage sustainable and environmentally

  • Saudi Arabia to auction mining blocks in 2021, govt ...

    Dec 02, 2020· The government estimates that the country's mining sector has an untapped value of $1.3 trillion. Certain mining blocks will be made available to investors in a public auction process during 2021, Saudi Arabias deputy minister of mining affairs, Khalid Al-Mudaifer, told delegates at this week's virtual Mines & Money conference.

  • Mining investment and profits reach new heights in Saudi ...

    Jun 29, 2017· On May 20, during US president Donald Trumps visit to Saudi Arabia, two memoranda of understanding were signed between Maaden and its two US-based partner companies, Alcoa and Mosaic. The first will assess the feasibility of expanding capacity at its aluminium smelting complex in Ras Al Khair Industrial City by 600,000 tonnes per year ...

  • Saudi Arabia latest eVTOL investment: FII-I invests in ...

    Apr 12, 2021· By Chris Stonor. Saudi Arabia continues to invest in the nascent eVTOL industry after it was announced recently that the kingdom-based Future Investment Initiative Institute (FII-I) has provided finances to the German manufacturer Lilium, reports alarabiya.. This is part of the investment companys strategy to develop and leverage sustainable and environmentally-friendly alternatives ...

  • Saudi Arabian mining giant Ma'aden ... - Mining News | KITCO

    Feb 03, 2021· Saudi Arabian mining company Maaden today announced its annual financial results for the period ending December 31, 2020. The company stated that its net loss in 2020 was SAR 208,980,874 (USD 55,728,233), a 72% reduction compared to 2019

  • Saudi Arabia Mining Industry Newswire - EIN Presswire

    May 27, 2020· Saudi Arabian Mining Company (Maaden), one of the worlds fastest-growing global mining companies, is celebrating the fifth anniversary of Saudi Arabias Vision 2030. As a key industry player in the kingdom, Maaden has implemented significant incentive

  • Saudi Arabia, energy geopolitics, and the big production ...

    Apr 20, 2020· Saudi Arabia, whose top export destination is China, was the first to notice these trends and to argue for production cuts to prevent a free-fall in prices. Other top oil producers, especially Russia, which was less affected in February, refused to go along

  • AGSIW | A New Year in Saudi Mining

    Jan 27, 2020· Saudi Arabias mining and metal and mineral processing industry contributes about $17 billion to the kingdoms gross domestic product per year and employs approximately 250,000 people. Mining activities comprise 15% of the sectors contribution while the remaining 85% is linked to the value created by the midstream and downstream ...

  • Saudi Ministry of Industry and Mineral ... - Arab News PK

    Oct 01, 2020· RIYADH: The minister of industry and mineral resources, Bandar bin Ibrahim Alkhorayef, launched a service on Thursday giving people access to the Taadin (mining) electronic platform that will include all electronically submitted applications for licenses, the registry of all licenses issued by the platform and their procedures, and the registry of mining complexes and mining

  • Saudi mining investment law takes effect in ... - ARAB NEWS

    Nov 02, 2020· Saudi mining investment law takes effect in January 2021. The law will help optimize mineral resources in the Kingdom. (Reuters) RIYADH: The recently approved mining investment law will be fully activated by January 2021, said Khalid Al-Mudaifer, vice minister for mining

  • Saudi government works to make mining sector more ...

    Saudi Arabia needs about $13 billion (Dh47.7bn) in private sector investment to fully exploit the potential of the kingdoms $1.3 trillion worth of mineral endowments, a new report has said. The study into the country's mining sector by the US-Saudi Business Council describes the outlook for the sector as very favourable, citing ...

  • Breaking through Saudi Arabias defense backlog

    Feb 15, 2019· Breaking through Saudi Arabias defense backlog By: Jay Korman and Aleksandar Jovovic February 15, 2019 Saudi women stand next to the Saudi pavilion promoting Vision 2030 at the Gitex 2018 ...

  • Commentary: Saudi Arabias Vision 2030, Dont Miss the ...

    Apr 29, 2016· Commentary: Saudi Arabias Vision 2030, Dont Miss the Point. While Saudi Arabias Vision 2030 was formally endorsed by the Saudi Council of Ministers and published on April 25, 2016, anticipation about the plan had been building for months.

  • Saudi Arabian mining giant Ma'aden ... - Mining News | KITCO

    Feb 03, 2021· Saudi Arabian mining company Maaden today announced its annual financial results for the period ending December 31, 2020. The company stated that its net loss in 2020 was SAR 208,980,874 (USD 55,728,233), a 72% reduction compared to 2019 (SAR 739,463,938 or USD 197,190,383).

  • Saudi Arabia seeks to tap US$1.3 trillion of mining ...

    Saudi Arabia's new mining law will be operational in January ahead of an auction for mining blocks in 2021 to tap an estimated US$1.3 trillion worth of mineral potential, said Vice Minister for Mining Affairs Khalid Saleh Al-Mudaifer.

  • KEFI Minerals welcomes Saudi Arabias new Mining ...

    Jul 16, 2020· The recent approval by the Saudi Cabinet of the new mining investment law is a very positive development for our Hawiah (copper-gold) and Jibal Qutman (gold) projects in Saudi Arabia. The Hawiah deposit is shaping up to have similar mix of metals and to be a larger deposit than the nearby operating Al-Masane underground mine in southwest ...

  • Saudi Arabia approves new mining investment law

    INDUSTRIAL NEWS. Saudi Arabia approves new mining investment law . Jan 4, 2021 8:27 AM. Saudi Arabia has approved the implementation of a new mining investment law from January 1 that would enhance governance of the sector improve

  • Saudi Arabia creating new mining city - Mining Journal

    Nov 20, 2018· Gold and Silver News 26 APR 2021. Finance. ... A large-scale mining city is being created in Saudi Arabias north as the country moves to capitalise on

  • Saudi Arabian Mining Company (Ma'aden), Saudi Arabia ...

    May 06, 2021· Saudi Arabian Mining Company (Ma'aden), Saudi Arabia - Company information along with stock price and performance. Analysis including stock overview, quote, graphs, historical charts, share price, analyst recommendations, ratings and estimates, dividend yield, P/E ratio, ratios, upside, 52 week range, target price, EPS, stock news, key statistics,

  • Saudi Arabia Rare Earth Metals Newswire - EIN Presswire

    Jun 02, 2020· Saudi Arabia takes key decisions on mining sites allocation. Saudi Arabia has announced key decisions related to the largest allocation process for the country's mining reserve sites, including 54 of them spread over a 4000 sq km area, as part of its efforts to develop this sector under the Vision 2030 programme

  • Saudi Arabian Mining Company - Dubai News, Abu Dhabi News ...

    Mar 23, 1997· Saudi Arabian Mining Company Otherwise known as Maaden, Saudi Arabian Mining Company explores and extracts phosphates, aluminum, and precious metals such as gold, silver, magnesium and zinc. It has a production capacity of 9.4 tonnes and 14.2 tonnes of gold and silver a year, and mines an area of roughly 60,000 sq. km in the Arabian Peninsula.

  • Saudi Arabia approves new mining investment law - Gulf News

    Jan 11, 2021· The Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, has approved the implementation of a new mining investment law, following its approval by the Council of Ministers last June. The law came into force on 1 January 2021. Saudi Arabias national strategic framework Vision 2030 identified mining as a potentially

  • Saudi Arabia, energy geopolitics, and the big production ...

    Apr 20, 2020· Saudi Arabia, whose top export destination is China, was the first to notice these trends and to argue for production cuts to prevent a free-fall in prices. Other top oil producers, especially Russia, which was less affected in February, refused to go along out of fear that, in the long run, it would lose market share.

  • Saudi Arabia aims to boost investment with new mining law ...

    Jun 09, 2020· Saudi Arabia's cabinet on Tuesday approved a new mining law that aims to accelerate foreign investment in the sector as part of efforts to