Saudi Arabia invites bids for six mining licences

Saudi Arabia invites bids for six mining licences

Local and international investors are being invited to bid for the latest round of mining licences in Saudi Arabia as the kingdom ramps up operations across its minerals sector. The six mining opportunities revealed by the Ministry of Industry and Mineral Resources include gold, copper, zinc, lead and silver ore and cover a total area […]Local and international investors are being invited to bid for the latest round of mining licences in Saudi Arabia as the kingdom ramps up operations across its minerals sector.

The six mining opportunities revealed by the Ministry of Industry and Mineral Resources include gold, copper, zinc, lead and silver ore and cover a total area of more than 940 sq km.

The sites stretch from the Najran region in the south to the south-western region of Aseer, as well as Makkah and the capital Riyadh.

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Technical offers must be submitted by the beginning of May with the winners expected to be announced in June.

The Saudi Arabian government said its untapped mineral wealth is estimated at $2.5 trillion, based on exploration of 30 percent of the country’s mineral region.

Last month, the industry and investment ministries officially launched a