Logo of Ministry of Change and Mineral Resources
Saudi Arabia’s Ministry of Change and Mineral Resources announced that the preference of official exploration licenses within the mining sector reached 550, distributed among 11 administrative areas across the Kingdom.
In a press release, the ministry acknowledged category (A) licenses came on high with 473 licenses, then category (B) with 58, and category (C) with 19.
The nationwide corporations that obtained licenses ranked first, accounting for 97% of the complete, while the licenses granted to joint ventures between international and local corporations dominated 3%.
The ministry got 1,039 exploration license applications till the tip of August 2022, it added.