VOL. XL

No. 9

3-March-1997

SAUDI ARABIA

Implementation Of Alujain's Copper Projects To Await Review Of Saudi Mining Policy

Saudi Arabia's Alujain Corporation believes its two projects for a copper smelter at Yanbu' and a copper mine at Jabal Sayid have good prospects for implementation if the new Saudi policy towards private sector participation in the mining industry, currently under review, is favorable. Alujain was commenting on a media report last week that the two projects were "put on ice"...