Saudi Arabia's Almasane Alkobra Mining Company (AMAK) has claimed the identification of around 11 million tonnes of mineral resources in the Najran region, marking a significant step in the Kingdom's shift from oil dependency to mining diversification. The discovery, which includes gold, copper, zinc, and silver ores, was disclosed on the Saudi Stock Exchange (Tadawul) and shared through AMAK's official LinkedIn page.
The announcement underscores the growing role of mining in Saudi Arabia's Vision 2030 strategy, which aims to broaden the economic base beyond hydrocarbons. With global mining markets facing rising costs, commodity price volatility, and stricter environmental demands, Saudi Arabia is positioning itself as a rare growth story in the sector.
