Ajlan, Moxico consortium wins Khnaiguiyah exploration license in Saudi Arabia
11 September 2022Ministry of Industry and Mineral Resources, Saudi Arabia announced that the consortium of Ajlan & Bros Mining Company (Saudi Arabia) and Moxico Resources PLC (UK) emerged as the winner of the electronic multi round auction for Khnaiguiyah exploration license, the largest in the Kingdom.
Khnaiguiyah is Spread over an area of 353.8 square kilometres west of Riyadh in Al Quwaiiyah governorate.
The final value of the winning bid amounted to SAR 255,556,000
The Khnaigiuyah site’s mining potential is estimated at approximately 25 million tonnes of Zinc and Copper ores at 4.11 percent zinc and 0.56 percent of copper.
Related
-
UAE Signs Agreement for World’s Most Advanced Waste-to-Energy Facility
29 March 2024
-
Adani Green switches on 180 MW of solar in India
28 March 2024
-
Turner Selected to Build $184 Million Project at the University of Kentucky
28 March 2024
-
Iberdrola consortium wins rights for 375MW Japanese wind farm
28 March 2024
-
Zambia and Zimbabwe to retender $5bn Batoka Gorge hydropower plant
28 March 2024
-
Lightsource bp wins approval for 750 MW of solar, 3,000 MWh of storage in Australia
28 March 2024