Saudi Arabia's PIF and Maaden sign JV

Saudi Arabia’s Public Investment Fund and Ma’aden to set up JV

The joint-venture company aims to initially invest in iron ore, copper, nickel, and lithium as a non-operating partner taking minority equity positions

Saudi Arabia announces 5 mining exploration opportunities

Saudi Arabia announces five new mining exploration opportunities

The kingdom is looking to leverage an estimated $1.3tn worth of vastly underexplored metals and minerals to support its sustainable development goals and the clean energy transition

Saudi mining giant Ma’aden reports Q2 net profit increase of 265% to reach SAR4bn

Saudi mining giant Ma’aden reports H1 net profit increase of 232% to reach SAR6.2bn

The mining company reported that sales rose 95 per cent quarter-on-quarter to SAR11.9bn, bringing H1 2022 sales to SAR20.8bn, an 80 per cent improvement on H1 2021

Bitcoin mining giants eye Middle East, Europe for expansion

Bitcoin miners had been flocking to Texas for its low electricity prices and liberal regulations on crypto mining

UAE’s Mubadala and Canada’s Aris Gold announce partnership

The partnership involves the operation of the Soto Norte Gold Project in Colombia, one of the world’s largest feasibility-stage gold projects

Mubadala Matsa mining

UAE’s Mubadala and Trafigura complete sale of MATSA mining operation in Spain

The two entities completed completed the sale of 100 per cent stake of MATSA to Australian company Sandfire Resources

Mining big oil’s big data for big battery

Newer energy technologies, such as solar power and batteries, may not require tankers of fuel to work, but they do need minerals to build them

Sophos discovers new variants of Tor2Mine cryptominer

In a research, Sophos describes new variants of the miner that include a PowerShell script that attempts to disable malware protection

Chinese regulators are serious about banning crypto this time

Authorities said crypto transactions in China are banned and they will root out mining of digital assets


Saudi launches new measures to support industrial and mining sectors

The measures include restructuring loans and postponing the payment of government fees

Glencore’s Bid For Qatar’s Xstrata Wavering

New ratio demand leaves the commodity giant at a loss as potential mining deal looks close to collapse.