Saudi mining company Maaden finds new gold deposits

[searcher]

Saudi Mining Reveals Major 100km Gold Deposit Discovery in the Kingdom​

The Saudi Arabian Mining Company (Ma'aden), the leading mining entity in the Arab world, has revealed a noteworthy gold resource potential within the kingdom. The discovery, stretching over 100km Mansourah Massarah gold mine, represents the initial success of Ma'aden's expansive exploration initiative launched in 2022 to boost its production pipeline.

According to Robert Wilt, the Chief Executive of Ma'aden, these findings underscore the untapped potential of mineral resources in Saudi Arabia. The discoveries align with the country's Vision 2030, aiming to diversify its economy and establish mining as the third pillar of economic growth. Wilt envisions these findings as a significant factor in the nation's broader growth strategy and a potential catalyst for a global gold rush.

More:

MSN

Source:

Saudi Mining Reveals Major 100km Gold Deposit Discovery in the Kingdom

The Saudi Arabian Mining Company (Maaden), the leading mining entity in the Arab world, has revealed a noteworthy gold resource potential.

www.saudimoments.com

 

[pmbug]

No important details mentioned in that report so it's impossible to understand the significance.

 

[searcher]

FWIW................

Future Minerals Forum: Saudi Arabia inks key mining agreements with 4 nations

RIYADH: The Saudi Ministry of Industry and Mineral Resources has formalized collaborations in the mining sector by signing memorandums of understanding with four countries during the third international ministerial roundtable. The MoUs include agreements for cooperation in the field of mineral...

www.arabnews.com

 

[searcher]

Saudi Arabia Accelerates $2.5 Trillion Mining Plans To Cut Oil Reliance | OilPrice.com

Saudi Arabia is accelerating its $2.5 trillion mining plans to diversify its economy and reduce its reliance on oil, while simultaneously investing in technologies to optimize oil production and reduce carbon emissions.

oilprice.com