The London Metal Exchange (LME) has approved the Red Sea port city Jeddah in Saudi Arabia as a warehouse delivery point for copper and zinc, according to Reuters.
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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…
Read MoreImmersive takes trainer to EPSA
Immersive Technologies has implemented a Komatsu HD785-7 Simulator training program with earthmoving company EPSA in Saudi Arabia, which the two said will focus to enhance operational readiness and support EPSA’s strategy to train a growing Saudi Arabian workforce. The simulator, not the first partnership for the companies, was placed at a phosphate project in the country. The two said one…
Read MoreSaudi Arabia eyes new mining index
Saudi Arabia may create a new metals and mining stock exchange index as it looks to shift focus from oil toward the country’s untapped minerals, reported Reuters. Mining Minister Bandar bin Ibrahim al-Khorayef told the news agency that his team met with Australian counterparts to learn more about a mining index. Australia’s ASX 300 Metals & Mining sub-index (.AXMM) lists…
Read MoreSaudi 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…
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