Saudi Arabia Awards Exploration Leases to Some Major Miners
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Major mining companies including India’s Vedanta Ltd. and China’s Zijin Mining Group have been awarded leases to explore for metals in Saudi Arabia, part of the kingdom’s push to expand the industry.
They were granted to search regions totaling 4,788 square kilometers (1,849 square miles), including Jabal Sayid, the Ministry of Industry and Mineral Resources said in a post on X. A subsidiary of Australia’s Hancock Prospecting Ltd. — the private investment vehicle of Australia’s richest person, Gina Rinehart — was also allocated an exploration lease.