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Saudi Arabia’s Ministry of Industry and Mineral Resources issued decrees on offering Ma’aden Gold and Nasty Metals Co. (MGBM) licenses to explore gold ore and linked metals on several sites at Shakhtalia, Makkah.
Per the ministerial decrees published on the official gazette Umm Al-Qura on Feb. 12, MGBM, a solely-owned subsidiary of Saudi Arabian Mining Co. (Ma’aden), is licensed to explore on eight sites (33, 34, 35, 36, 37A, 38 and 39).
The licenses closing 5 years, starting from Dhul-Hijjah 11, 1441 AH.
The firm earlier obtained 5-yr licenses from the ministry to explore metals on eight Shakhtalia sites (16, 18, 20, 21 and 22), in step with records compiled by Argaam.