Saudi mining sector grows with new licenses

Saudi Arabia’s Ministry of Industries and Mineral Resources said it issued 84 new mining licenses in the month of June, reported The Saudi Gazette.

The licenses issued during the month included 51 exploration licenses, 26 building materials quarry licenses, three surplus mineral ores licenses, and two exploitation licenses. Two licenses were also for reconnaissance purposes.

For the first six months of the year, the number of valid mining licenses in the Middle Eastern country reached 2,100. The Saudi Gazette reported that the Riyadh region recorded the largest number of mining licenses issued – 499.

Saudi Arabia has identified nearly 5,300 mining sites with mineral potential estimated at more than SR5 trillion.

Source: The Saudi Gazette