dcsimg

KSA launches SR1.2bn Najran mining project

  • Saudi Arabia: Sunday, October 07 - 2012 at 09:21

Saudi Arabia has announced the launch of a new mining project in the southern parts of the kingdom at a total cost of SR1.2bn ($320.12m), Arab News has reported. The Great Mining Factories in Thar, in the Najran Province, which was completed in the third quarter of 2011, has started production of copper, zinc, gold and silver, said Najran governor, Prince Mishaal bin Abdullah. According to Talal Al-Shaer, chairman of Great Mining Factories Co, the mine has a reserve of 4.9 million tonnes of minerals with a copper content of 21.1% and zinc 23.4%.

Article Options

Disclaimer »

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.

In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.