{"id":30854,"date":"2024-10-24T19:05:00","date_gmt":"2024-10-24T19:05:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4539758_AE39758_0"},"modified":"2024-10-24T19:05:00","modified_gmt":"2024-10-24T19:05:00","slug":"saudi-arabias-ministry-of-industry-and-mineral-resources-invites-mining-companies-to-join-its-7th-licensing-round","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=30854","title":{"rendered":"Saudi Arabia&#8217;s Ministry of Industry and Mineral Resources Invites Mining Companies to Join Its 7th Licensing Round"},"content":{"rendered":"<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2540025\/Saudi_Ministry_of_Industry_and_Mineral_Resources_Logo.jpg?p=medium600\" border=\"0\" alt title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">RIYADH, Saudi Arabia<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 25, 2024<\/span><\/span> \/PRNewswire\/ &#8212; 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<p>The sites up for auction include;<\/p>\n<ul type=\"disc\">\n<li><b>Wadi al Lith: <\/b>covers an area of 243.87 km2 and is located within the Mecca Region, 200 km from <span class=\"xn-location\">Jeddah<\/span>. Commodities on the site include Cu, Au, and Zn.<\/li>\n<li><b>Jabal Baudan: <\/b>covers an area of 244.92 km2 and is approximately 200km south of <span class=\"xn-location\">Jeddah<\/span>. The site contains commodities like Cu, Au, and Zn.<\/li>\n<li><b><span class=\"xn-person\">Jabal Sabha<\/span>:<\/b> covers an area of 171.5 km<sup>2<\/sup> in the central part of <span class=\"xn-location\">Saudi Arabia<\/span>, approximately 650km from the <span class=\"xn-location\">Jeddah<\/span> port. Commodities include Ag\/Pb\/Zn (Nb, Au, Co).<\/li>\n<li><b><span class=\"xn-person\">Jabal al Ad Dimah<\/span>: <\/b>covering an area of 210.90 km2, is located approximately 200km south of <span class=\"xn-location\">Jeddah<\/span>. It contains deposits of Cu, Au, and Zn.<\/li>\n<li><b><span class=\"xn-person\">Jabal al Klah North<\/span>: <\/b>is part of the Ad Dawadimi Terrane located in the eastern part of the Arabian Shield, 750 km northeast of <span class=\"xn-location\">Jeddah<\/span> and 320 km from <span class=\"xn-location\">Riyadh<\/span>. It covers an area of 98,15 km2 and contains large deposits of Ag, Pb, and Zn.<\/li>\n<li><b><span class=\"xn-person\">Jabal al Klah South<\/span>: <\/b>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 <span class=\"xn-location\">Jeddah<\/span> and 320 km from <span class=\"xn-location\">Riyadh<\/span>. Commodities include Ag, Pb, and Zn.<\/li>\n<li><b>Umm Hijlan (Mamilah):<\/b> covers an area of 78.4 km<sup>2 <\/sup>.The site is located in <span class=\"xn-location\">Mecca<\/span> region, approximately 270km from the <span class=\"xn-location\">Jeddah<\/span> port. Commodities include Au,Pb and Cu<\/li>\n<\/ul>\n<p>Interested investors are invited to view the&nbsp; Information Memorandum by visiting Ta&#8217;adeen website at <a href=\"https:\/\/taadeen.sa\/en\/mining-bids\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/taadeen.sa\/en\/mining-bids<\/a>&nbsp;to access the data room for the sites.<\/p>\n<p><span class=\"xn-location\">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","protected":false},"excerpt":{"rendered":"<p>RIYADH, Saudi Arabia, Oct. 25, 2024 \/PRNewswire\/ &#8212; 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 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-30854","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Arabia&#039;s Ministry of Industry and Mineral Resources Invites Mining Companies to Join Its 7th Licensing Round - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=30854\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia&#039;s Ministry of Industry and Mineral Resources Invites Mining Companies to Join Its 7th Licensing Round - My Blog\" \/>\n<meta property=\"og:description\" content=\"RIYADH, Saudi Arabia, Oct. 25, 2024 \/PRNewswire\/ &#8212; The Ministry of Industry and Mineral Resources (MIM) is inviting exploration and mining companies to participate in its 7th round of exploration licensing. 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