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Saudi Arabia awards mining exploration licenses to several local, international firms
Saudi Arabia awards mining exploration licenses to Vedanta, Ajlan & Bros, and Zijin Mining, with firms set to invest $97.59 million over three years.
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The ministry said the miners would spend approximately 366 million riyals ($97.59 million) on exploration over the next three years [Getty]
The Saudi industry and mineral resources ministry awarded on Tuesday mining exploration licenses to several local and international firms, state news agency SPA reported.
The licenses were awarded to Indian miner Vedanta and a consortium comprising local Ajlan & Bros and China's Zijin Mining among others.
The ministry said the miners would spend approximately 366 million riyals ($97.59 million) on exploration over the next three years.
(Reuters)
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