VOL. XLI
No. 10
9-March-1998
SAUDI ARABIA
Saudi Arabia's Ma'adin Awarded Gold/Silver Concession
The Saudi state-owned company Ma'adin has been awarded a concession to exploit al-Hijazgold and silver deposits in Asir Province. Ma'adin was established in April 1997 with acapital of $1.07bn. Its main objective is to organize the Saudi mining sector, promote itsdevelopment and consolidate Saudi mining projects. Its board of directors is headed by theSaudi Minister of Petroleum and Mineral...
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