46 mining licenses issue by Saudi Arabia's Ministry of Industry and Mineral Resources in January 2023
RIYADH, Saudi Arabia, March 27, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Resources issued 46 new mining licenses during January 2023, including 31 exploration licenses, 14 building materials quarry licenses, and an excess mineral ores license, according to the report of the Ministry's National Center for Industrial and Mining Information.
- RIYADH, Saudi Arabia, March 27, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Resources issued 46 new mining licenses during January 2023, including 31 exploration licenses, 14 building materials quarry licenses, and an excess mineral ores license, according to the report of the Ministry's National Center for Industrial and Mining Information.
- According to the report the amount of active mining licenses in the sector by the end of January 2023 amounted to 2,230.
- Taking the lead are quarry licenses for building materials with 1,331 licenses, followed by 647 exploration licenses, 178 small mine exploitation license, 42 reconnaissance licenses, and 32 mineral ores licenses.
- Saudi Arabia's Mining Investment Law offers six types of mining licenses, ranging from a two-year, five year and twenty-year mineral exploration license to a license to quarry building materials for up to 10 years.