{"id":10728,"date":"2024-10-25T15:36:59","date_gmt":"2024-10-25T08:36:59","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=10728"},"modified":"2024-10-25T15:36:59","modified_gmt":"2024-10-25T08:36:59","slug":"saudi-arabias-ministry-of-industry-and-mineral-resources-invites-mining-companies-to-join-its-7th-licensing-round","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=10728","title":{"rendered":"Saudi Arabia’s Ministry of Industry and Mineral Resources Invites Mining Companies to Join Its 7th Licensing Round"},"content":{"rendered":"

RIYADH, Saudi Arabia<\/span><\/span>, Oct. 25, 2024<\/span><\/span> \/PRNewswire\/ — The Ministry of Industry and Mineral Resources (MIM) is inviting exploration and mining companies to participate in its 7th round of exploration licensing. The licensing round, consisting of 7 sites with a total area of more than 1070 sq. km, will be open for bidding from mid Of October, with Successful bidders set to be announced in December.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

The sites up for auction include;<\/p>\n

Wadi al Lith: covers an area of 243.87 km2 and is located within the Mecca Region, 200 km from Jeddah<\/span>. Commodities on the site include Cu, Au, and Zn. Jabal Baudan: covers an area of 244.92 km2 and is approximately 200km south of Jeddah<\/span>. The site contains commodities like Cu, Au, and Zn. Jabal Sabha<\/span>: covers an area of 171.5 km2 in the central part of Saudi Arabia<\/span>, approximately 650km from the Jeddah<\/span> port. Commodities include Ag\/Pb\/Zn (Nb, Au, Co). Jabal al Ad Dimah<\/span>: covering an area of 210.90 km2, is located approximately 200km south of Jeddah<\/span>. It contains deposits of Cu, Au, and Zn. Jabal al Klah North<\/span>: is part of the Ad Dawadimi Terrane located in the eastern part of the Arabian Shield, 750 km northeast of Jeddah<\/span> and 320 km from Riyadh<\/span>. It covers an area of 98,15 km2 and contains large deposits of Ag, Pb, and Zn. Jabal al Klah South<\/span>: covers an area of 19,21 km2. The site is part of Ad Dawadimi Terrane, located in the eastern part of the Arabian Shield, 750 km northeast of Jeddah<\/span> and 320 km from Riyadh<\/span>. Commodities include Ag, Pb, and Zn. Umm Hijlan (Mamilah): covers an area of 78.4 km2 .The site is located in Mecca<\/span> region, approximately 270km from the Jeddah<\/span> port. Commodities include Au,Pb and Cu <\/p>\n

Interested investors are invited to view the\u00a0 Information Memorandum by visiting Ta’adeen website at https:\/\/taadeen.sa\/en\/mining-bids<\/a>\u00a0to access the data room for the sites.<\/p>\n

Saudi Arabia<\/span> offers several competitive incentives to support investors across various sectors and industries. These include 75% co-funding for capital expenditure (CAPEX), a five-year exemption on royalty fees, discounts of up to 30% for local downstream processing (with potential savings of up to 90%), a competitive 20% corporate tax rate, and the advantage of 100% foreign direct ownership.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

RIYADH, Saudi Arabia<\/span><\/span>, Oct. 25, 2024<\/span><\/span> \/PRNewswire\/ — The Ministry of Industry and Mineral Resources (MIM) is inviting exploration and mining companies to participate in its 7th round of exploration licensing. The licensing round, consisting of 7 sites with a total area of more than 1070 sq. km, will be open for bidding from mid Of October, with Successful bidders set to be announced in December.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

The sites up for auction include;<\/p>\n

Wadi al Lith: covers an area of 243.87 km2 and is located within the Mecca Region, 200 km from Jeddah<\/span>. Commodities on the site include Cu, Au, and Zn. Jabal Baudan: covers an area of 244.92 km2 and is approximately 200km south of Jeddah<\/span>. The site contains commodities like Cu, Au, and Zn. Jabal Sabha<\/span>: covers an area of 171.5 km2 in the central part of Saudi Arabia<\/span>, approximately 650km from the Jeddah<\/span> port. Commodities include Ag\/Pb\/Zn (Nb, Au, Co). Jabal al Ad Dimah<\/span>: covering an area of 210.90 km2, is located approximately 200km south of Jeddah<\/span>. It contains deposits of Cu, Au, and Zn. Jabal al Klah North<\/span>: is part of the Ad Dawadimi Terrane located in the eastern part of the Arabian Shield, 750 km northeast of Jeddah<\/span> and 320 km from Riyadh<\/span>. It covers an area of 98,15 km2 and contains large deposits of Ag, Pb, and Zn. Jabal al Klah South<\/span>: covers an area of 19,21 km2. The site is part of Ad Dawadimi Terrane, located in the eastern part of the Arabian Shield, 750 km northeast of Jeddah<\/span> and 320 km from Riyadh<\/span>. Commodities include Ag, Pb, and Zn. Umm Hijlan (Mamilah): covers an area of 78.4 km2 .The site is located in Mecca<\/span> region, approximately 270km from the Jeddah<\/span> port. Commodities include Au,Pb and Cu <\/p>\n

Interested investors are invited to view the\u00a0 Information Memorandum by visiting Ta’adeen website at https:\/\/taadeen.sa\/en\/mining-bids<\/a>\u00a0to access the data room for the sites.<\/p>\n

Saudi Arabia<\/span> offers several competitive incentives to support investors across various sectors and industries. These include 75% co-funding for capital expenditure (CAPEX), a five-year exemption on royalty fees, discounts of up to 30% for local downstream processing (with potential savings of up to 90%), a competitive 20% corporate tax rate, and the advantage of 100% foreign direct ownership.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-10728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/10728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10728"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/10728\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}