• Home
  • News
  • Saudi Arabia Found New Gold and Copper Mines in Medina
banner banner
National

Saudi Arabia Found New Gold and Copper Mines in Medina

By Cpiet Sabtu, 17 September 2022 Pengunjung (7) 2 Mins Read
saudi-arabia-found-new-gold-and-copper-mines-in-medina
inp.polri.go.id - Saudi Arabia is said to be getting richer after discovering a new source of gold and copper mines in the city of Medina. The Saudi Geological Survey Agency said the abundant gold ore deposits were found in the Aba Al-Raha area, Medina, as quoted by Al Arabiya. Meanwhile, copper reserves were found at the Al-Madiq site, Medina. The discovery of the source of gold and copper is expected to attract international investors. This in turn will add to the strength of the Saudi economy. The discovery of gold and copper mines is estimated to gain investment of up to US $ 533 million or equivalent to Rp. 7.9 trillion. Mining is part of the 2030 main projects proclaimed by Saudi Crown Prince Mohammed bin Salman. He has ambitions to open more mineral exploration in his country. In June, MBS announced a national priority strategy for research and development to improve the mineral mining sector. The Saudi Ministry of Mineral Resources and Industry has also targeted to bring in investments with a total of US$3 billion for the mineral mining sector. The ministry will also fund research projects for mineral and steel mining In January, the Chair of the Association for Geological Cooperation, Professor Abdulaziz bin Labon, said that there were at least 5,300 mineral mining sites in Saudi, ranging from steel, gold, copper, to other minerals.
Related Tag :
banner banner

Related Post