Saudi Arabia's Ma'adin AwardedGold/Silver Mining Concession
The Saudi Government has granted the state-owned Saudi Arabian Mining Company (Ma'adin) a 30-year concession to mine gold and silver in thesouthwestern part of the Kingdom. The six square kms. concession is in the al-Hajar areaof the 'Asir Province. The concession area is located some350 kms. southeast of the Red Sea port city of Jiddah. Saudi Arabia produces about seventons of gold a year from...