AMAK among 6 winners in 7th mining competition round

Logo of The Ministry of Industry and Mineral Resources 

The Ministry of Industry and Mineral Resources announced winners of exploration licenses in six mining sites across Riyadh and Makkah, as part of the seventh round of mining competitions.

Almasane Alkobra Mining Co. (AMAK) won three exploration licenses for Jabal Al Klah – North and South sites, and Jabal Al Dimah, the state-owned SPA reported.

In addition, Abdulrahman Saad Al Rashid & Sons Co. (ARTAR) and Gold & Minerals Ltd. won the exploration license for the Umm Hijlan (Mamilah) site.

SkyLark Group Co. and Al Kalig Al Arabi for Mining consortium won the exploration license for the Wadi Al Lith site, and Power Nickel Co. bagged the exploration license for the Jabal Baudan site.

The ministry pointed out that the exploration spending committed by the winning companies in the fifth round of competitions exceeds SAR 126 million. In addition, the companies pledged to spend an additional SAR 9 million on the development of communities neighboring the mining sites and contributing to creating job opportunities for the people of those areas.

The mining competitions are part of the ministry’s efforts to achieve the objectives of the comprehensive strategy for the mining and mineral industries sector, in line with Vision 2030, which aims to make the mining sector the third pillar of the Saudi industry.

The ministry also highlighted that it plans to offer 50,000 sq km of mineralized belts containing gold, copper, and zinc, with details of the competition to be announced during the International Mining and Resources Conference (IMARC) 2025.