SGS, Golden Compass start JV for Saudi Geochem lab

Testing, inspection and certification group SGS has signed a joint venture agreement with Saudi Arabian mining consultancy and explorer Golden Compass to open and operate a new geochemistry laboratory in the country.

The lab will provide sample preparation and geochemistry analysis to the mining and minerals industry in Saudi Arabia and will boost its commitment to help develop the mining and minerals industry – part of its Vision 2030 mission.

SGS pointed out the country is home to a largely unexplored landmass, with geological resources estimated to exceed US$2.5 trillion. More than 48 minerals have been identified, including base metals, precious metals, industrial metals and rare earth elements.

“Our new commercial laboratory will support the country’s growing mining ambitions and ensure that local explorers and mining operators have access to world-class testing services,” the company said.

Lawrence Ng, global vice president, Geochemistry, said the timing of the move is ideal, as there is significant growth in both mining and minerals.

“Together with our joint venture partner, we look forward to helping exploration and mining companies identify, quantify and realize the full potential of their mineral deposits,” Ng said.

The new commercial laboratory, to be operated by SGS experts, will be located in Jeddah. It is expected to open in Q4 2024 and will provide sample preparation, including drying, crushing, pulverizing and sieving; fire assays with AAS and gravimetric finish; multi-element testing; ICP-OES; ICP-MS; and carbon and sulfur analysis.

SGS established its first office in Saudi Arabia in 1980. It now has seven offices in Jubail, Riyadh, Jeddah, Dammam, Ras Tanura, Yanbu and Rabigh.

Source: SGS

Related posts