Saudi Ministry of Industry issues 1,795 mining licenses until September

The licenses included 1,041 licenses for building materials quarries

  
Image used for illustrative purpose. A truck is loaded with rocks at an Equinox copper mine in Lumwana, Zambia, in this undated handout obtained by Reuters on April 4, 2011.

Image used for illustrative purpose. A truck is loaded with rocks at an Equinox copper mine in Lumwana, Zambia, in this undated handout obtained by Reuters on April 4, 2011.

REUTERS/Equinox-Tim Lofthouse/Handout
Saudi Arabia’s ministry of industry and mineral resources issued 1,795 mining licenses until September 2021, Argaam reported citing the ministry’s report on its mining indicators.

The licenses included 1,041 licenses for building materials quarries, 22 detection licenses, 563 exploration licenses, and 169 licenses for mining and small-scale mining, the ministry said in a statement.

The number of licenses underscores the positive restructuring of the industry investment climate due to the new Mining Investment Law.

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