SAUDI ARABIA GROWS NON-FERROUS METALS SECTOR AS KINGDOM DIVERSIFIES AWAY FROM OIL
October 1st, 2010
BY PAUL COCHRANE
SAUDI Arabia is rapidly developing the extraction of its bountiful mineral resources, with international companies inking contracts over the past month to explore for zinc, copper and gold. Australian mining company Alara Resources announced that it is to buy a 50% interest in the Khnaiguiyah (NOTE - SPELLING IS CORRECT) zinc and copper project, and the Mutiyah and Umm Hijja projects (all are west of the capital Riyadh) through a joint venture with the Saudi-based United Arabian Mining (Manjem), according to a company statement. The projects are ...
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