VOL. XLIII

No. 23

5-June-2000

SAUDI ARABIA

Saudi Cabinet Grants Ma'adin Magnesite Mining Lease

Saudi Arabias Council of Ministers has granted the state-owned Saudi Arabian Mining Company (Ma'adin) a mining lease to exploit magnesite deposits in an area about 160km south of Hail in al-Ghazalah province. Last February the Shura Council approved the concession (MEES, 21 February), where total magnesite deposits are estimated at around 4.5mn tons, with a high-grade core area of 1.6mn tons. A Ma'adin...