Mining

Ma’aden to develop Saudi Arabia’s Ad Duwayhi gold mine

goldmine-PDTillman-wikimediaMa’aden Gold & Base Metals Company has signed a financing agreement with the Saudi Industrial Development Fund (SIDF) for US$320mn

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Omani mining companies sign MoU to process one million tonnes of copper and gold ore

mine-iamgold-wikimediacommonsOman’s Al Hadeetha Resources LLC has signed an MoU with mining company Mawarid Mining LLC to process one million tonnes of copper and gold ore from the Washihi deposit in north Oman

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Grown diamonds gaining popularity, states Frost & Sullivan report

diamondcutting-prasadpillai-flickrThe widespread shortage of mined diamonds has led to the rise in popularity of grown diamonds, whose growth is being supplemented by technology and research, stated a report by Frost & Sullivan

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Minelab opens new US$2mn Dubai facility to ensure MENA-wide availability

Metal-detecting technologies provider Minelab has opened a new facility in Dubai as part of a US$2mn investment recognising Dubai’s value as a strategic hub for its gold business in the Middle East and North Africa

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Savannah Resources maps new copper deposits in Oman

Oman-copperUK-listed mining firm Savannah Resources has discovered a number of potential new copper targets at Block 5 in the mineral-rich Semail Ophiolite Belt in Oman

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