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.
By Staff Writer, Arab News
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.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW