PHOTO
Image used for illustrative purposes ,A miner works in the Al Amar gold mine, 200km (124 miles) southwest of Riyadh, May 28, 2008.
Saudi Arabia will name the winning bidder of the exploration license for the Umm Ad Damar mining project by November-end, Arab News reported on Tuesday, citing Saudi Geological Survey CEO Abdullah Al-Shamrani.
The Ministry of Industry and Mineral Resources announced in mid-August that 13 bidders were prequalified for the license, including domestic stock exchange-listed Saudi Arabian Mining Company (Maaden) and Al Masane Al Kobra Mining Company (AMAK).
The prequalified bidders have to submit their proposals by October 2022.
The Umm Al-Damar site covers an area of more than 40 square kilometres and includes copper, zinc, gold and silver deposits.
(Writing by D Madhura; Editing by Anoop Menon)
