Thursday 5 June 2014

Saudi Arabia to excavate 500,000oz of gold - Al Arabiya News

Saudi Arabia to excavate 500,000oz of gold - Al Arabiya News:



"Saudi Arabian Mining Company (Maaden) is planning to excavate 500,000oz of gold across the Kingdom, including in Madinah region, announced its president and CEO Khalid Al-Mudaifer at the Mining Investment Opportunities Forum here on Tuesday.



He said Maaden is also considering introducing downstream operations to the Madinah region.



“In other parts of the Kingdom, we are moving beyond upstream to successfully develop every mineral in the value chain. What will distinguish our operations in the future is the progression of our strategies from evaluating known mineral sources to discovering new mineral resources,” Al-Mudaifer said."



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