Saudi Arabia to mine 500,000 ounces of gold
Adam Pike, News Editor
5 Jun 2014, 10:16 a.m.
Saudi Arabian Mining Company, Maaden has confirmed they are to mine up to 500,000 ounces of gold in the Madinah region of the country.
CEO and President Khalid Al-Mudaifer said, “Our main priority now is to maintain a high level of safety and security, and to maximise the value of our current gold mining operations at Mahad Al-Dahab and Bulgah, and our magnesite processing operations at Madinah Industrial City.”
The Saudi government has invested a considerable amount of money into the mining industry and have built a 375 mile rail road to transport gold and other minerals from the north of the country.