Saudi Arabia’s mineral wealth estimated at $2.5tn due to phosphate ore, zinc, and gold discoveries
Maaden mining
Latest in Maaden mining
Gold
Saudi Arabia set for gold rush after major discovery found
Saudi Arabia has discovered a potential major gold mining resource after exploration team’s find
Maaden mining
Saudi PIF, Ma’aden sign joint venture to invest in global mining assets
The company is awaiting approvals from relevant authorities, and will be set up after meeting certain requirements under the agreement
commodity prices
Saudi Arabian Mining Company posts 71% jump in net profit to reach SAR 2.7 billion in Q3, 2022
The company’s sales also registered a 50 percent rise in Q3 2022 to reach SAR 10 billion
Maaden
Two consortiums bid for development rights for Saudi Umm Ad Damar mine
The mining site has copper, zinc, gold and silver prospects
Maaden
Saudi miner Ma’aden posts a whopping 232 percent jump in net profit to $1.6 billion in H1 2022
The company said it was on track to increase its current gold mining capacity by 70 percent with a new plant in Mansourah Massarah, which is currently in commissioning phase
Darren Davis
Saudi Maaden said to weigh rights issue of as much as $5bn
Saudi Arabian Mining Co has been looking for possible takeover targets
Darren Davis
Saudi mining giant says to make first international acquisition
Ma’aden says deal for an 85% stake in the Mauritius-based Meridian Group is due to be completed by September
Darren Davis
Saudi Arabia’s gold miner plans to be a global top-20 supplier
Maaden plans to boost gold output from about 415,000 ounces this year to one million by 2025
ACWA Power
From Lucid to Tesla: Saudi’s Public Investment Fund goes on spending spree
The investments are part of plans to turn the PIF into the world’s biggest sovereign fund with more than $2 trillion in assets by 2030