SAUDI ARABIA: NEW GOLD MINE IN SOUTH OF THE KINGDOM.(Al-Ma'aden to start it in late 2000)(Brief Article)

IPR Strategic Business Information Database | September 10, 2000 | Copyright

According to Al-Hayat newspaper, the Board of Directors of Al-Ma`aden, the Saudi Metal Ore Mining Corporation, has announced plans to prospect for gold in a new mine in the Asir district, 550 km south of Jeddah. The newspaper quotes the company's estimate of the new mine's ore reserves totalling 3.2 million tonnes, at a concentration of 3.28 grams per tonne. A seam of silver ore has also been located at the above mine, with a concentration of 38 grams per tonne, in addition to a mixed ...

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