NO. 5


Saudi Arabia

Saudi Arabia to Set Up Mining Company

The Saudi Minister of Petroleum and Mineral Resources, Mr. Hisham Nazer, hassaid that Saudi Arabia has completed studies for the formation of a specializedstate-owned mining company whose status should match that of other oilcompanies in the Kingdom such as Saudi Aramco and Samarec. The company is beingset up on the instructions of King Fahd and its charter will shortly bepresented to the Council of Ministers for...