AMAK gets gold exploration license for Asir

22/01/2023 Argaam
Logo ofAlmasane Alkobra Mining Co.(AMAK)

Logo of Almasane Alkobra Mining Co. (AMAK)

The Ministry of Industry and Mineral Resources issued on Jan. 18 a new exploration license to Al Masane Al Kobra Mining Co. (AMAK) to prospect for gold, according to a statement to Tadawul. 

 

The license is valid until Nov. 24, 2027, and covers an area of 34 square kilometers in Asir region. It is in line with the new Mining Investment Law and its executive regulations.

 

AMAK said it will carry out the relevant studies within the regulatory period to ensure the availability of the required materials.

 

The relevant financial impact will be determined after finalizing the required studies.

 

Any related material developments will be duly revealed, the statement added.  

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.