Saudi Arabia awards Alara and Al Tasnim Consortium Khunaygiyah mining license- ministry

Alara Resources

07/09/2022 15:01

DUBAI, Sept 7 (Reuters) - The consortium of Alara and Al
Tasnim won the license for the exploration of Saudi Arabia’s
Khunaygiyah mines, where zinc and copper deposits are estimated
at around 26 million tonnes, the kingdom’s Ministry of Industry
and Mineral Resources said on Wednesday. 
    The ministry awarded Alara and Al Tasnim the license for
252,000,000 Saudi Riyals ($ 67,057,195) after a four-day
electronic auction.
    The Alara and Al Tasnim consortium beat the Saudi mining
company Maaden and Ivanhoe Electric Inc. consortium, and Moxico
Resources Plc and Ajlan & Bros Mining consortium. 

    

 (Reporting by Aya Nader
Editing by Tomasz Janowski)
 ((Aya.Nader@thomsonreuters.com;))