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 seven sites with a total area of more than 1070km2, will be open for bidding from mid Of October, with the successful bidders set to be announced in December.
The sites up for auction include:
- Wadi Al Lith: It covers an area of 243.87km2 and is located within the Makkah Region, 200km from Jeddah. Commodities on the site include Copper, Gold and Zinc.
- Jabal Baudan: It covers an area of 244.92km2 and is approximately 200km south of Jeddah. The site contains commodities like Copper, Gold and Zinc.
- Jabal Sabha: It covers an area of 171.5km2 and is located in the central part of Saudi Arabia, approximately 650km from the Jeddah port. The commodities include Silver, lead and zinc (Nb, Au, Co).
- Jabal al Ad Dimah: It covers an area of 210.90km2 and is located approximately 200km south of Jeddah. It contains deposits of Copper, Gold and Zinc
- Jabal al Klah North: It is part of the Ad Dawadimi Terrane and located in the eastern part of the Arabian Shield, 750km northeast of Jeddah and 320km from Riyadh. It covers an area of 98,15km2 and contains large deposits of Silver, Lead and Zinc.
- Jabal Al Klah South: It covers an area of 19,21km2 and is part of Ad Dawadimi Terrane, located in the eastern part of the Arabian Shield, 320km from Riyadh. Commodities include Silver, Lead and Zinc.
- Umm Hijlan (Mamilah): It covers an area of 78.4km2 and is located in Makkah region/270km from the Jeddah port. Commodities include Gold, Lead and Copper.