• Announces the win of three new exploration licenses for base and precious metals
• Highlights strategic growth plan targets new projects and resource development
• Sustainable practices and local talent development are key priorities of AMAK
Al-Masane Al-Kobra Mining Company (AMAK), today highlighted the Kingdom’s emerging position as a global mining hub during the Future Minerals Forum (FMF) 2025 and announced the addition of three new exploration licenses for base and precious metals after winning seventh round of the mining bids organized by the Ministry of Industry and Mineral Resources.
Underlining the recent operational achievements that demonstrate the sector’s growth potential, Geoffrey Day, Chief Executive Officer of AMAK, said: “Saudi Arabia has established itself as one of the most progressive and supportive countries for mining development.
The Kingdom’s mineral wealth, estimated at SAR 9.4 trillion ($2.5 trillion) according to the Ministry of Industry and Mineral Resources , combined with supportive government policies and initiatives, along with infrastructure development projects, creates unprecedented opportunities for international collaboration.”
Strategic Growth and Operational Excellence
AMAK has accomplished several significant milestones that accelerate the Kingdom’s mining sector, in line with the goals outlined in Saudi Vision 2030. these include the completion of the Moyeath processing plant within the Al Masane Mine. The expansion has increased annual ore processing capacity to 1.2 million tons, enabling a combined production of 30-40 kt of copper concentrate, 60-80 kt of zinc concentrate, 35-45 koz of gold, and approximately 500 koz of silver.
As part of its 2025 strategic growth plan, AMAK is advancing several key projects. These include the Khutainah Gold Project, and the Nuham Iron Ore Project with more than 7Mt resources. The company also plans to initiate underground mining operations at the Guyan Gold Mine in 2025, which is expected to reduce gold production costs through higher-grade underground reserves and lower production costs.
Sustainability and National talent development
The company’s commitment to sustainable practices includes initiatives to connect its facilities to the national power grid, which will reduce diesel consumption and improve the company’s carbon footprint. AMAK is also expanding its dry tailing storage capacity to accommodate all current and future mineable reserves, supporting both operational growth and environmental sustainability.
In alignment with Vision 2030’s focus on human capital development, AMAK has achieved a 36% localization rate in its workforce. The company’s partnership with the Saudi Mining Polytechnic has been instrumental in training Saudi youth for specialized roles in the mining sector. Recently, 30 Saudi trainees completed a comprehensive two-year diploma program and are now actively contributing to various operational areas.
“Our growth strategy fully supports the Kingdom’s vision by developing Saudi Arabia’s rich mineral resources while contributing to local economies,” Day explained. “The expansion of our operations, combined with our focus on sustainability and National workforce development, demonstrates our commitment to creating long-term value for all stakeholders.”
Transformative potential of mining
Day also highlighted the transformative potential of Saudi Arabia’s mining sector in addressing global mineral supply challenges. “The Kingdom is strategically positioned to become a key supplier of critical minerals essential for the global energy transition. With our expanding operations and focus on innovation, AMAK is well-positioned to support this transformation.”
The company’s strategic approach aligns with Saudi Arabia’s broader ambitions to rank among the top 10 mining countries globally. AMAK’s recent investments in exploration and processing capabilities demonstrate the opportunities available within the Kingdom’s mining sector, which is supported by robust infrastructure development, including ports, modern highway networks, and industrial zones.
“What makes Saudi Arabia particularly attractive for mining investment is the combination of geological wealth, strategic location between Asia, Europe, and Africa, and the introduction of the Mining Investment Law,” Day added. “These factors, coupled with the Kingdom’s commitment to developing the sector, create an unprecedented opportunity for global partnerships.”
AMAK’s participation in FMF 2025, marking its fourth consecutive year at the forum, reflects its ongoing commitment to advancing Saudi Arabia’s mining sector. The company continues to implement advanced technologies, including prospectivity mapping and systems for real-time tracking of metals from mine to smelter, positioning itself at the forefront of mining innovation in the region.
