33 C
Belgrade
Supported byspot_img
spot_img

AuKing Mining ventures into Saudi Arabia’s mining sector in collaboration with Barg Alsaman Mining Company

Member of Europium Groupspot_img
Supported byspot_img

AuKing Mining, known for its ventures in remote regions such as Western Australia (WA), Chile, and Laos, is now venturing into a new territory: the Kingdom of Saudi Arabia. While the company maintains its focus on multiple landholdings in Tanzania and WA, it has set its sights on Saudi Arabia through a partnership with Barg Alsaman Mining Company (BSMC), a local entity in the region.

This move comes as Saudi Arabia launches its 5th landholding auction round, part of its strategic plan to diversify its economy beyond oil by boosting the domestic mining sector. The auctions, termed as “tenders” by AuKing Mining, align with the Kingdom’s 2030 strategy.

BSMC, a subsidiary of Segia Gulf Group, known for its involvement in various government projects in Saudi Arabia, is poised to collaborate with AuKing Mining in this endeavor.

Supported by

According to Paul Williams, CEO of AuKing Mining, the 5th Licensing Round offers six project license areas covering approximately 750 square kilometers in the western region of the Kingdom. These areas are deemed prospective for polymetal mineralization, including gold, copper, and other base metals, within the Arabian Shield geological region.

Sheikh Abdullah Al-Qahtani, chief of Segia Gulf Group, views this partnership as a significant opportunity. He highlights the potential of the projects in gold, silver, copper, and associated minerals, emphasizing the new challenge undertaken by Barg Alsaman Mining Company in collaboration with ASX-listed AuKing Mining.

Supported byElevatePR Digital

Related News

Ukraine’s strategic importance in global critical raw material supply chains amid geopolitical dynamics

Ukraine's role in global supply chains for critical raw materials is increasingly pivotal amidst ongoing geopolitical challenges. These include the Russian invasion of Ukraine,...

Nornickel in talks with China Copper for copper smelting venture in China

Russian mining giant Nornickel is reportedly in discussions with China Copper to establish a smelting facility in China. This joint venture aims to relocate...

Pan Asia Metals secures option agreement for RK Lithium Prospect in Thailand

Pan Asia Metals Limited has taken a significant step forward by securing an exclusive option agreement for the RK Lithium Prospect in Thailand. This...

Critical Metals partners with Obeikan Group to build lithium hydroxide plant in Saudi Arabia

Mining company Critical Metals has finalized a joint venture (JV) agreement with the Obeikan Group to establish a lithium hydroxide processing plant in Saudi...
Supported by
Supported by
Supported by
error: Content is protected !!