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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.

View original source at: english.alarabiya.net

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