Followers | 20 |
Posts | 7168 |
Boards Moderated | 0 |
Alias Born | 03/02/2013 |
Thursday, June 29, 2017 8:37:46 PM
http://www.cnn.com/2017/06/29/middleeast/saudi-arabia-ousted-crown-prince/index.html
Hmmm?
Increased investment in Saudi Arabia’s mining sector looks set to lift its GDP contribution significantly in the coming years, as part of an accelerating push to diversify the economy under the Vision 2030 development plan.
On April 24 the governor of Makkah, Prince Khalid Al Faisal Al Saud, formally opened a new gold mine and processing plant – the Ad Duwayhi mine, owned and operated by the Saudi Arabian Mining Company (Ma’aden) – with a production capacity of 180,000 oz per year, making it the country’s largest to date.
Commercial production began last April, and the mine was set to reach 100% capacity by year’s end, according to a company statement at the time. While data on its current output has yet to be released, Ma’aden’s profits hit SR275.6m ($73.5m) in the first quarter of this year, up from SR194.3m ($51.8m) in the same period last year, according to a statement issued on May 7. An end-2015 company assessment estimated the mine’s total gold reserves at 1.9m oz.
Ma’aden said stronger sales, higher prices for gold and aluminium, and a tightening of operating costs drove first quarter earnings up 19.68% year-on-year (y-o-y) to SR2.7bn ($719.8m).
Total investment in Ad Duwayhi, which reached more than SR1.5bn ($400m), included a 450-km pipeline to remove processed wastewater from downstream operations and a 117-km road to link the site with the Riyadh-Taif highway.
http://www.oxfordbusinessgroup.com/news/mining-investment-and-profits-reach-new-heights-saudi-arabia
Recent KER News
- Kering: Monthly statement on the total number of shares and voting rights (May 2024) • GlobeNewswire Inc. • 05/16/2024 10:18:09 AM
- Kering : Publication mensuelle du nombre d'actions composant le capital et du nombre total de droits de vote (Mai 2024) • GlobeNewswire Inc. • 05/16/2024 10:18:09 AM
- Kering: Description of the Share Buyback Program authorized by the Combined General Sharehoders' meeting • GlobeNewswire Inc. • 04/25/2024 04:50:18 PM
- Kering : Descriptif du programme de rachat d'actions autorisé par l'Assemblée générale • GlobeNewswire Inc. • 04/25/2024 04:50:18 PM
- Kering - Assemblée générale du 25 avril 2024 : Approbation de l'ensemble des résolutions • GlobeNewswire Inc. • 04/25/2024 04:38:23 PM
- Kering - Annual General Meeting of April 25, 2024 - Approval of all resolutions • GlobeNewswire Inc. • 04/25/2024 04:38:23 PM
- Kering : Communiqué de presse - Chiffre d'affaires du premier trimestre 2024 • GlobeNewswire Inc. • 04/23/2024 03:45:00 PM
- Kering: Press release - First-quarter 2024 revenue • GlobeNewswire Inc. • 04/23/2024 03:45:00 PM
- Kering: Monthly statement on the total number of shares and voting rights (April 2024) • GlobeNewswire Inc. • 04/16/2024 04:09:42 PM
- Kering : Publication mensuelle du nombre d’actions composant le capital et du nombre total de droits de vote (Avril 2024) • GlobeNewswire Inc. • 04/16/2024 04:09:42 PM
- Kering: Information regarding the arrangements for taking part in the Combined General Meeting of April 25, 2024 and conditions for obtaining or consulting the documents prepared for the meeting • GlobeNewswire Inc. • 04/15/2024 01:29:38 PM
- Kering : Informations relatives aux modalités de tenue de l’Assemblée générale mixte du 25 avril 2024 et modalités de mise à disposition ou de consultation des documents préparatoires • GlobeNewswire Inc. • 04/15/2024 01:29:38 PM
- Kering : Acquisition d'un immeuble emblématique via Monte Napoleone, à Milan • GlobeNewswire Inc. • 04/04/2024 06:30:00 AM
- Kering : Acquisition of an iconic building via Monte Napoleone, in Milan • GlobeNewswire Inc. • 04/04/2024 06:30:00 AM
- MÉLANIE FLOUQUET AND ARMELLE POULOU APPOINTED MEMBERS OF KERING’S EXECUTIVE COMMITTEE • GlobeNewswire Inc. • 04/02/2024 04:00:00 PM
- Mélanie Flouquet et Armelle Poulou nommées Membres du Comité Exécutif de Kering • GlobeNewswire Inc. • 04/02/2024 04:00:00 PM
- Kering: Preliminary information regarding the first quarter • GlobeNewswire Inc. • 03/19/2024 05:00:00 PM
- Kering : Information préliminaire concernant le 1er trimestre • GlobeNewswire Inc. • 03/19/2024 05:00:00 PM
- Kering : Communiqué de mise à disposition du Document d'enregistrement universel 2023 • GlobeNewswire Inc. • 03/19/2024 11:38:23 AM
- Kering: 2023 Universal Registration Document (URD) available • GlobeNewswire Inc. • 03/19/2024 11:38:23 AM
- Kering : Publication mensuelle du nombre d’actions composant le capital et du nombre total de droits de vote (Mars 2024) • GlobeNewswire Inc. • 03/18/2024 04:59:12 PM
- Kering: Monthly statement on the total number of shares and voting rights (March 2024) • GlobeNewswire Inc. • 03/18/2024 04:59:12 PM
- Appointments to Kering's Board of Directors • GlobeNewswire Inc. • 03/18/2024 07:30:00 AM
- Nominations au Conseil d'administration de Kering • GlobeNewswire Inc. • 03/18/2024 07:30:00 AM
- Kering: Dual-tranche bond issue for a total amount of EUR 1.75 billion • GlobeNewswire Inc. • 03/05/2024 05:00:20 PM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM