VOL. XLIII

No. 08

21-February-2000

SAUDI ARABIA

Saudi Arabias Shura Council Approves Ma'adin Magnesite Concession

Saudi Arabias Shura Council has approved a concession for the state-owned Saudi Arabian Mining Company (Ma'adin) to exploit magnesite deposits in an area about 160km south of Hail, in al-Ghazalah Province. Total magnesite deposits there are estimated at 1.6mn tons, giving an initial annual output of 65,000 tons. Ma'adin is also studying the economic feasibility of mining phosphates in...