Preferred Bidders announced for Bir Umq, Jabal Sahabiyah and Umm Hadid Exploration Sites

Preferred Bidders announced for Bir Umq, Jabal Sahabiyah and Umm Hadid Exploration Sites

The Ministry of Industry and Mineral Resources announced the preferred bidders in the fourth series of the licensing rounds conducted as part of the Accelerated Exploration Program initiative, which has been designed to effectively leverage the Kingdom’s mineral resources in support of the development and growth of the mining sector, in line with the goals of Saudi Vision 2030 and the National Industrial Development and Logistics Program.

According to a press release from the ministry, after a comprehensive evaluation of technical and social aspects, the preferred bidders were:

Ajlan & Bros and Norin Mining Ltd Consortium for Bir Umq exploration site

Royal Roads and MSB Holding Consortium for Jabal Sahabiyah exploration site

Sumou Holding with Kuya Silver Consortium for Umm Hadid exploration site

The ministry stated that the exploration licenses will be issued in accordance with the Mining Investment Law, which mandates that companies seeking mining licenses in the Kingdom demonstrate their technical expertise and commitment to social and environmental impact management plans. The licensing rounds have been designed in a manner that is consistent with the Kingdom’s efforts to reach a sustainable development of the mining sector.

The Bir Umq mining site is located in the city of Mahd Ad Dhahab, in the west of