SAUDI ARABIA

Red Sea Mining Project Awaits Green Light from Saudi Government

According to the Acting Secretary General of the Saudi-Sudanese Red Sea Joint Commission Dr. Zuhair Nawwab, the Red Sea mining project to extract zinc, copper, silver, cobalt and gold would require a total investment outlay of SR600mn ($160mn). so far some SR150mn ($40mn) has already been spent on exploration since the Commission started work in 1975. The Commission has submitted its project report to the...