Riyadh – BETH
Almasane Alkobra Mining Company (AMAK) and the Saudi Arabian Mining Company (Ma’aden) have signed an agreement to exchange a number of exploration licenses, supporting the Kingdom’s mining sector growth in line with Vision 2030.

Under the agreement, several Ma’aden-owned exploration licenses will be transferred to AMAK to reinforce its expansion strategy and new-mine development plans. In return, Ma’aden will receive a number of AMAK’s licenses, enabling both companies to strengthen operational integration and improve exploration and development efficiency across geologically promising zones.

The agreement marks a significant step toward enhancing geological exploration effectiveness, advancing mining projects, and enabling knowledge exchange and capability building across the sector.

AMAK CEO Eng. Geoff Day stated:
“This agreement reflects our strong relationship with Ma’aden and stands as a true embodiment of strategic partnerships focused on responsible, value-driven resource stewardship in the Kingdom’s fast-growing mining sector. This pivotal step will accelerate exploration in high-potential geological areas. The new licenses will support our growth plans and broaden our project portfolio in line with national mining ambitions and our commitment to delivering sustainable value to our shareholders and the wider economy.”

AMAK emphasized that the agreement goes beyond a simple license exchange, serving as a foundation for future joint opportunities within the Kingdom and reinforcing its commitment to deeper collaboration to fully unlock Saudi Arabia’s rich mineral resources.

he news in Arabic
أماك ومعادن .. رخص استكشاف متبادلة