Saudi Arabia to auction 3 mining licences in 2022

by IANS |

Riyadh, Jan 13 (IANS) Saudi Arabia plans to auction up to three mining licences in 2022, including Khnaiguiyah mines where zinc and copper deposits are estimated at around 26 million tonnes, Al Arabiya News has reported.

The bidding process will start by the end of the first quarter of 2022, the Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef was quoted as saying on the sidelines of an international mining conference in Riyadh.

The Minister also pointed out that Saudi Arabia sought to create laws and regulations that contribute to the growth of the mining sector and attracting investments, Xinhua news agency reported.

Meanwhile, Governor of the Public Investment Fund (PIF), Yasir bin Othman Al-Rumayyan stressed that many of the future industries depend on the mining sector.

He pointed out that the PIF considers mining one of the main strategic sectors with great importance to realise the Saudi Vision 2030 goals.

Latest News
Lalu, daughter Misa raided by CBI in 'land for job' scam Fri, May 20, 2022, 02:58 PM
Azam Khan finally released, greeted by Shivpal Fri, May 20, 2022, 12:54 PM
Daughter lived with mother's body for 10 days Fri, May 20, 2022, 12:46 PM
UP: Man held for killing son, daughter-in-law Fri, May 20, 2022, 12:38 PM
Six feared trapped after tunnel along Jammu-Srinagar highway collapses Fri, May 20, 2022, 12:32 PM
MP: OBC body calls for 'state bandh' on Saturday; Cong extends support Fri, May 20, 2022, 12:22 PM
Meta Cloud hosting services now available for businesses on WhatsApp Fri, May 20, 2022, 12:17 PM
Attacks against me should be viewed through political lens: Musk Fri, May 20, 2022, 12:16 PM
Google says Android 13 Beta to have support for braille displays Fri, May 20, 2022, 12:14 PM
Twitter's new policy to hide tweets with false information during crisis Fri, May 20, 2022, 12:09 PM
India to introduce indigenous TB infection skin test 'c-TB' Fri, May 20, 2022, 12:07 PM
Wildfires near Ukraine's Chernobyl plant pose no radioactive threat: IAEA Fri, May 20, 2022, 11:53 AM
UN chief urges reintegrating agricultural production of Russia, Ukraine into world markets Fri, May 20, 2022, 11:50 AM
India warns against 'hoarding, speculation' causing 'unjustifiable' food prices Fri, May 20, 2022, 11:47 AM
Israel's ruling coalition becomes minority after Arab lawmaker resigns Fri, May 20, 2022, 11:45 AM