‎AMAK clarifies on winning 3 exploration licenses in 7th competition round

In a statement to Tadawul, AMAK explained that Jabal Al Klah North and South exploration sites are near the Radeniah East site, owned by the company in Riyadh Region. It spans a total area of 82.84 km².

The necessary exploration studies will be conducted during the statutory period to ensure the availability of the required raw materials.

The value and timing of the relevant financial impact will become clear after the completion of exploration works and studies within the specified period.

The company will duly announce any updates regarding this license.

The Ministry of Industry and Mineral Resources revealed winners of exploration licenses in six mining sites across Riyadh and Makkah, as part of the seventh round of mining competitions, Argaam reported on Jan. 14.

In a statement to Tadawul, AMAK explained that Jabal Al Klah North and South exploration sites are near the Radeniah East site, owned by the company in Riyadh Region. It spans a total area of 82.84 km².

The necessary exploration studies will be conducted during the statutory period to ensure the availability of the required raw materials.

The value and timing of the relevant financial impact will become clear after the completion of exploration works and studies within the specified period.

The company will duly announce any updates regarding this license.

The Ministry of Industry and Mineral Resources revealed winners of exploration licenses in six mining sites across Riyadh and Makkah, as part of the seventh round of mining competitions, Argaam reported on Jan. 14.