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The Ministry of Business and Mineral Assets introduced the launch of competitors for exploration licenses in 3 mineral belts masking a complete space of 13 thousand sq. kilometers.
In response to the Ministry, these belts are wealthy with strategic minerals, together with gold, silver, copper, zinc and nickel, as a part of its efforts to speed up the exploration of mineral assets within the Kingdom, whose worth is estimated at about 9.4 trillion riyals.
These embrace the belts, that are situated in 5 areas: “Madinah, Makkah Al-Mukarramah, Riyadh, Al-Qassim, and Hail.” Mining exploration websites which might be an extension of the websites introduced within the earlier competitors, Among the many most outstanding are:
– The Nabita/Advert-Duwayhi belt, “Dahlet Shabab,” which incorporates the Advert-Duwayhi mine, with a manufacturing capability of about 180,000 ounces of gold yearly.
It additionally contains the Sukhaybara/Safra belt, one of the crucial necessary mineralized belts containing gold, copper, silver, zinc and nickel ores, which has been topic to a lot of exploratory research over the previous a long time by the Saudi Geological Survey.
These belts embrace quite a lot of superior tasks, together with the Sukhaybarat mine, whose estimates attain 729,000 ounces of gold, and the Bulgah mine, whose manufacturing exceeds 50,000 ounces of gold yearly.
– Along with the Al-Naqra belt, which incorporates necessary deposits of gold and volcanic sulphide deposits (VMS).
The Ministry mentioned that these areas are based mostly on a wealthy technical data base ensuing from earlier exploration work, along with the outputs of the Common Geological Survey Programme, which covers the Arabian Defend with geological and geophysical surveys.
It indicated that the interval for submitting pre-qualification functions to compete for exploration licenses within the proposed websites ends on December 15, 2025, noting that it has supplied all related geological and technical knowledge on the “Mining” digital platform, together with geological data and technical stories for earlier licenses in these websites, along with geological survey knowledge; That is to allow traders to make selections based mostly on correct data.
The Ministry of Business and Mineral Assets confirmed that this 12 months’s mining exploration license competitions had been designed to be totally automated and based mostly on transparency and equal alternatives amongst traders. The competitions are divided into three fundamental levels: the “pre-qualification” stage, which closes in mid-December of this 12 months, and requires the supply of technical competence and monetary solvency, adopted by the “website choice” stage by means of the digital competitors platform, which permits certified firms to pick goal websites, after which the “multi-round public public sale” stage, throughout which firms compete for the quantity of spending on exploration in websites that witness excessive demand, and which is scheduled to be held throughout the first quarter of subsequent 12 months.
The Ministry careworn that offering all geological and technical knowledge associated to the focused belts on the “mining” platform; It goals to make sure equity amongst all rivals, and improve transparency and effectivity in exploration operations. It’s anticipated that this step will contribute to rising spending on exploration, enriching the nationwide geological database with extra technical data, creating new job alternatives, and selling sustainable financial progress, in step with the Kingdom’s dedication to growing the mining sector in accordance with the best worldwide requirements, with a concentrate on environmental sustainability and social accountability.
She additionally indicated the existence of assist packages and incentives for exploration by means of the “Empowering Mining Exploration” program, which permits acquiring assist of as much as (7.5) million riyals for every software. To cowl exploratory actions and different supporting incentives.
For extra details about mining competitions, and to use for the pre-qualification stage, the Ministry invited traders to go to the “Taadeen” platform through the next hyperlink: https://taadeen.sa/.
