Ministry of Industry issues exploration license for AMAK
Ministry of Industry and Mineral Resources issued a new exploration license for Al Masane Al Kobra Mining Co. (AMAK) to prospect for gold, zinc and copper.
The new license is in line with Saudi Arabia’s New Mining Investment Law and its executive regulations.
Details |
|
Location of License |
Asir Province, Zahran Al Janub |
License No. |
14443109 |
Issue Date |
Jan. 2, 2023 |
Expiration Date |
Nov. 8, 2027 |
Total Area |
20.67 square kilometers |
AMAK said it will carry out the relevant studies within the regulatory period to ensure the availability of the raw materials.
The relevant financial impact will be determined after finalizing the required studies.
Any related material developments will be duly revealed, the statement added.
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