Saudi Arabia qualifies 31 firms for 3 mining sites in Madinah, Riyadh
The winning companies will be announced in September, the ministry said in a post on the social messaging platform X.
In March, the ministry sought pre-qualification applications for the ninth round of exploration license competitions. The targeted belts included Nuqrah and Sukhaybrah Al-Safra in the Madinah region, as well as Nabitah in the Riyadh region.
These sites contain a variety of precious and base metals, including gold, copper, silver, zinc, and nickel.
The ministry aims to launch exploration tenders for an area of 50,000 sq km by year-end, Khalid Al-Mudaifer, Vice Minister of Industry and Mineral Resources for Mining Affairs, Saudi Arabia, has said.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
ExxonMobil Partners with African Energy Week (AEW) 2025 as Diamond Sponsor – Showcasing Major Investments, Youth Science, Technology, Engineering and Mathematics (STEM) Africa Initiatives, and Highlighting Women in Energy
As a Diamond Sponsor at AEW, ExxonMobil reaffirms its long-standing commitment to Africa's energy future through ambitious new investments, frontier exploration and impactful educational programs. The company will take a central role in shaping dialogue on the continent's upstream outlook, LNG development and the transition to more inclusive energy systems. As the world's largest publicly listed, private integrated energy company, ExxonMobil continues to be a leader in the frontier exploration space and deepen its footprint in Africa through a series of forward-looking, high-impact initiatives. In Nigeria, the company looks to make significant investment in the deepwater as part of a broader strategy to help increase national output. This comes on the heels of sustained production efforts at the Erha and Owowo fields, underlining the company's strategic focus on optimizing existing deepwater assets. Further south, ExxonMobil is maintaining production from the prolific Kizomba deepwater development in Angola's Block 15, where it recently signed a Production Sharing Contract (PSC) extension with the Angolan National Agency of Petroleum, Gas and Biofuels (ANPG), extending operations until 2037. The company also renewed its PSC for Block 17, in partnership with TotalEnergies to ensure continued production from key offshore Block 17 fields. In East Africa, ExxonMobil is making headway with the long-anticipated Rovuma LNG project in Mozambique's Area 4. The project – expected to reach a final investment decision in 2026 – aims to bring an additional 18 million tons per annum (MTPA) of LNG to market, building on Mozambique's emergence as a key global gas supplier. Beyond upstream operations, ExxonMobil is also investing in long-term capacity-building through the ExxonMobil Foundation's STEM Africa program. Launched in 2024, the program partners with Junior Achievement Africa to deliver immersive science, technology, engineering and mathematics (STEM) education to students in Nigeria, Namibia, Angola and Mozambique. In its first year alone, the program reached over 3,000 students – 96% of whom expressed interest in pursuing STEM careers. In recognition of its impact, STEM Africa was awarded the Local Impact Award at the Big Five Board Awards in London earlier this month. 'ExxonMobil's role as a Diamond Sponsor at AEW 2025 is a testament to their bold, future-focused investments – from revitalizing offshore oilfields in Nigeria and Angola to advancing LNG capacity in Mozambique and exploring new frontiers in Africa's Atlantic Coast,' states NJ Ayuk, Executive Chairman of the African Energy Chamber. 'Their STEM Africa initiative demonstrates an equally strong commitment to building local talent and empowering young Africans to lead tomorrow's energy industry. This is the kind of strategic partnership Africa needs.' AEW 2025: Invest in African Energies will provide a premier platform for ExxonMobil to engage with African governments, investors, and stakeholders as the continent accelerates toward energy security and industrial growth. With a broad and growing portfolio, ExxonMobil continues to lead Africa into its next era of energy development. Distributed by APO Group on behalf of African Energy Chamber. About African Energy Week: AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event.
Zawya
4 hours ago
- Zawya
Mining Elites in Africa 2026: It's time to have your say
Do you know of a project, company or individual that making a difference in African mining? Nominations are now open for Mining Elites in Africa 2026. Every year Mining Elites in Africa recognises those companies and individuals who go above and beyond to ensure responsible and sustainable mining on the continent. Whether it is through financial contributions to countries and communities, protecting the environment or socio-economic development initiatives, they are creating an indelible legacy on the continent. Mining Elites in Africa 2026 pays tribute to these often unsung heroes. In addition, this annual publication, published by Mining Review Africa, features projects that are making a substantial contribution to growing the African mining sector. 'Mining Elites is the perfect platform to recognise those who are truly making a meaningful difference in African mining. Through their leadership and innovations, they are ensuring that mining is sustainable and positively impacts the lives of all stakeholders, especially communities,' states Gerard Peter, Editor-in-Chief of Mining Review Africa. Nomination process: Nominations are open to all projects and leaders in the African mining minerals value chain in a number of categories. The final selection of projects and people is made by an independent advisory board composed of experienced industry figures with extensive mining knowledge across the African continent. The 2026 categories are: Leaders Future leaders ESG Innovation and tech Projects How to nominate: This is your opportunity to publically acknowledge those companies, projects and individuals whose efforts contribute to sustainable mining that benefits all. To nominate simply scan the QR code or visit Nominations close on 1 September 2025 Check out the 2025 winners Scan the QR to read Mining Elites 2025 Distributed by APO Group on behalf of VUKA Group.
Zawya
5 hours ago
- Zawya
Video Archives July 30, 2025 MENA private equity deals fall 38% in H1 as risk aversion weighs Risk aversion impacted MENA private equity deals
Videos VIDEO ARCHIVES Video Archives UAE and Saudi Arabia cement Gulf's dominance in Global ESG sukuk market in H1 Video Archives UAE's Multiply Group acquires 67% stake in Spain's Tendam for $1.5bln Video Archives Islamic investment deals in UAE hit $1.53bln This makes the emirates one of the world's top destinations for investors seeking to align with the principles of Islam Video Archives Proceeds from GCC IPOs decline 6% in H1 2025 to $3.4bln Despite economic uncertainty, the GCC still managed to outpace last year's offerings with 24 listings in 2025, compared to the 23 recorded in H1 2024 Video Archives M&A deals in MENA jump 149% in H1 2025 This is a 149% increase compared to the same period last year Video Archives GCC stocks rally in June on easing Middle East tensions The S&P GCC Composite Index posted a 3% gain during the month, led by equities in Kuwait and Dubai. Video Archives Saudi Arabia's CMA approves three IPOs Property developer AlRamz Real Estate Company will float 12,857,143 shares, representing 30% of its share capital. Video Archives Fitch affirms UAE's AA- rating; expects conflict to be short-lived The long-term foreign-currency issuer default rating (IDR) with a stable outlook mainly benefits from the UAE capital's substantial sovereign net foreign assets, which were estimated to be 157% of the country's gross domestic product (GDP) last year. Video Archives UAE, Saudi Arabia to see higher economic growth 'The UAE's economy is set to maintain its strong growth momentum, driven by rising oil output and robust activity in the non-oil sector, which is being supported by a loose fiscal stance' James Swanston, MENA economist at Capital Economics.
