Mon 05 October 2020:
Saudi Arabia’s total production of gold increased 158 per cent to 12,353 kilogrammes in 2019 compared to the 4,789 kilogrammes recorded in 2014, a new report revealed.
According to the publication, the kingdom has also increased its total production of silver, reaching 5,588 kilogrammes in 2019 compared to 4,800 kilogrammes in 2014.
The kingdom’s total mineral ores, excluding gold, silver, copper and zinc, amounted to more than 537 million tonnes during the period, including “limestone, silica sand, salt, clay, feldspar, marble for industrial purposes, iron sand, kaolin, gypsum, marble blocks, granite, phosphates, and bauxite, crusher materials and ordinary sand”.
During the current month of October, the Saudi Ministry of Industry and Mineral Resources activated the new mining investment system, by uploading records to an electronic mining platform, allowing investors to get acquainted with mining complexes and mining reserve areas, in order to enhance transparency and investment opportunities, as part of a set of steps to gradually activate the system.
The mining investment system will be fully entered into next January. Currently, the application register, the license register, and the mining areas register have been made available on the platform.
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