Saudi mining giant announces 67-mln-USD budget for mining exploration in 2019

0 Comment(s)Print E-mail Xinhua, February 20, 2019
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RIYADH, Feb. 20 (Xinhua) -- Saudi Arabian largest mining company Maaden on Wednesday announced a budget of 67 million U.S. dollar for mining exploration in 2019, Saudi Press Agency (SPA) reported.

The budget is three times higher than the previous year in order to increase the contribution of mining to the GDP and job opportunities, SPA said.

The mining exploration would be carried out in desert areas with high mining potentials, the company said, adding that it plans to increase production of gold to 1 million ounces per year. Enditem

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