71 mining licenses issue by Saudi Arabia's Ministry of Industry and Mineral Resources in July 2023
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Wednesday, August 30, 2023
RIYADH, Saudi Arabia, Aug. 30, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Resources issued 71 new mining licenses during July 2023, including 45 exploration licenses, 21 building materials quarry licenses, and 5 small mine and exploitation license, according to the report of the Ministry's the National Industrial Information Center.
Key Points:
- RIYADH, Saudi Arabia, Aug. 30, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Resources issued 71 new mining licenses during July 2023, including 45 exploration licenses, 21 building materials quarry licenses, and 5 small mine and exploitation license, according to the report of the Ministry's the National Industrial Information Center.
- The report mentioned the amount of active mining licenses in the sector by the end of July 2023 amounted to 2,348 licenses, taking the lead are building materials quarry licenses with 1,453 licenses, followed by 651 exploration licenses, 182 small mine and exploitation license, 37 reconnaissance licenses, and 25 excess mineral ores licenses.
- Of the total active mining licenses, the largest number have been awarded to projects within the province of Riyadh with a total of 610 licenses, followed by 384 licenses in the Makkah region, 380 licenses in the eastern region, 265 licenses in the Madinah region, and 191 licences in the Asir region.
- The Ministry of Industry and Mineral Resources aims to develop the mining sector in line with the objectives of the Kingdom's Vision 2030 and the National Industry Development and Logistics Program, with the goal of making mining the third pillar of the national industry.