‎Saudi Arabia extends prequalification deadline for 8 mining exploration licenses

‎Saudi Arabia extends prequalification deadline for 8 mining exploration licenses ‎Saudi Arabia extends prequalification deadline for 8 mining exploration licenses

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Logo ofMinistry of Industry and Mineral Resources

The Ministry of Industry and Mineral Resources extended until July 31 the prequalification period for the bidding process on mining exploration licenses at eight sites, covering an area exceeding 1,878 square kilometers.

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The launch of the digital prequalification questionnaire (PQQ) model reflects its commitment to enhancing investment, by providing a streamlined path from prequalification and to the issuance of exploration licenses, said the ministry.

The tendered sites are located across Riyadh, Hail, and Asir, distributed across Ashhab Al-Dhiab, Jabal Maniyah, Al-Khashbi, Wadi Khiyam, Jabal Makhit, Al-Khashimiyah, Dhalan Samar Al-Har (Jabal Aqab), and Jabal Idsas. These locations target minerals such as gold, silver, copper, and others, as well as high-grade iron ore.

According to the ministry, the tender has been designed to be fully automated, transparent, and fair. It consists of three main stages: starting with the prequalification stage to prove technical competence and financial solvency, followed by the site selection stage through the electronic bidding platform using a geographic grid system that allows qualifiers to bid on available sites, and concluding with a multi-round public auction for sites in high demand.

These sites are outcomes of the national Accelerated Exploration Initiative, implemented in cooperation with the Saudi Geological Survey. Fieldwork included collecting 6,447 surface samples, 8,825 exploration trenches, and26,230 borehole samples, in addition to carrying out 22,770 meters of drilling work, which contributed to providing integrated geological and technical data that underpins the sites’ readiness for mining investment.

The ministry indicated that, based on investors’ requests during the fifth International Mining Forum, the deadline for receiving prequalification applications has been extended until July 31. Investors can access the relevant technical data and bidding documents through the Taadeen e-platform.

According to Argaamdata, in early March, the ministry kicked off the bidding process for the eight mining sites in Riyadh, Hail, and Asir, targeting gold, silver, copper, zinc, and iron ores.

 

Logo ofMinistry of Industry and Mineral Resources

The Ministry of Industry and Mineral Resources extended until July 31 the prequalification period for the bidding process on mining exploration licenses at eight sites, covering an area exceeding 1,878 square kilometers.

The launch of the digital prequalification questionnaire (PQQ) model reflects its commitment to enhancing investment, by providing a streamlined path from prequalification and to the issuance of exploration licenses, said the ministry.

The tendered sites are located across Riyadh, Hail, and Asir, distributed across Ashhab Al-Dhiab, Jabal Maniyah, Al-Khashbi, Wadi Khiyam, Jabal Makhit, Al-Khashimiyah, Dhalan Samar Al-Har (Jabal Aqab), and Jabal Idsas. These locations target minerals such as gold, silver, copper, and others, as well as high-grade iron ore.

According to the ministry, the tender has been designed to be fully automated, transparent, and fair. It consists of three main stages: starting with the prequalification stage to prove technical competence and financial solvency, followed by the site selection stage through the electronic bidding platform using a geographic grid system that allows qualifiers to bid on available sites, and concluding with a multi-round public auction for sites in high demand.

These sites are outcomes of the national Accelerated Exploration Initiative, implemented in cooperation with the Saudi Geological Survey. Fieldwork included collecting 6,447 surface samples, 8,825 exploration trenches, and26,230 borehole samples, in addition to carrying out 22,770 meters of drilling work, which contributed to providing integrated geological and technical data that underpins the sites’ readiness for mining investment.

The ministry indicated that, based on investors’ requests during the fifth International Mining Forum, the deadline for receiving prequalification applications has been extended until July 31. Investors can access the relevant technical data and bidding documents through the Taadeen e-platform.

According to Argaamdata, in early March, the ministry kicked off the bidding process for the eight mining sites in Riyadh, Hail, and Asir, targeting gold, silver, copper, zinc, and iron ores.

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