Saudi’s AMAK reveals details of two exploration licenses

$<p>Photo used for illustrative purpose. Trucks work at an open-pit copper mine, run by a subsidiary of China's Zijin Mining, near the village of Krivelj, Serbia, April 3, 2024. </p>\\n , Reuters/REUTERS$

Photo used for illustrative purpose. Trucks work at an open-pit copper mine, run by a subsidiary of China's Zijin Mining, near the village of Krivelj, Serbia, April 3, 2024.

Reuters/REUTERS

The company is set to carry out necessary exploration studies during the statutory period

Staff Writer, Zawya Projects

June 26, 2024

PHOTO

Almasane Alkobra Mining Company (AMAK) has won two strategic base metals and precious metals exploration licenses in the Ministry of Industry and Mineral Resources’ round 5 bidding.

The details are as follows:

Exploration license of Al-Hijra
Ore type: zinc, copper, lead, gold, and silver
License location: Aseer Region
License area: 274 sq km

The site is beside the Almasane West exploration license and near the current mining license—AlMasane Mine—from which base metals (zinc, copper) and precious metals (gold, silver) are extracted. It covers a total area of 42.47 sq km.

Exploration license of Jabal Qaran
Ore Type: copper, lead and gold
License location: Najran Region
License area: 57.72 sq km

The location is near the Kutam exploration license, covering a total area of 20.67 sq km.

AMAK will carry out the necessary exploration studies during the statutory period to ensure the required raw materials are available.

Earlier, Saudi Arabia’s Ministry of Industry and Mineral Resources announced 6 companies as qualified bidders for the Fifth Round of Exploration Licensing across six mining sites.

(Editing by Anoop Menon) (anoop.menon@lseg.com)

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