Aramco and Maaden Establish Joint Venture for Extensive Mineral Exploration in Saudi Arabia
Here's what it means for you.
This joint venture opens new avenues for investment and supply chain opportunities in critical minerals essential for the energy transition.
What happened
Aramco and Maaden signed a shareholders’ agreement to establish a joint venture for mineral exploration and hard-rock mining across 182,000 square kilometers in Saudi Arabia.
The Context
- Strategic Importance: This venture aligns with Saudi Arabia’s Vision 2030, positioning mining as a key economic pillar alongside oil and petrochemicals.
- Technological Synergy: Aramco will leverage over 90 years of geological data and AI capabilities, while Maaden brings operational mining expertise to the table.
- Geopolitical Relevance: The partnership aims to secure critical minerals amid rising global demand for electric vehicles and renewable energy technologies.
The Number
square kilometers—this area represents nearly 10% of Saudi Arabia’s total land mass, highlighting the scale of mineral exploration potential.
Takeaway
As regulatory approvals are awaited, the joint venture is poised to accelerate mineral exploration timelines, potentially reshaping the regional mining landscape.
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Aramco, Maaden plan mining JV across area nearly 10% of Saudi Arabia
Aramco and Maaden have announced the formation of a joint venture to explore and mine minerals across nearly 10% of Saudi Arabia's land area, focusing on critical resources such as copper and rare earths. This initiative is part of the Kingdom's broa...
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Aramco, Maaden plan mining JV across area nearly 10% of Saudi Arabia
Aramco and Maaden have announced the formation of a joint venture to explore and mine minerals across nearly 10% of Saudi Arabia's land area, focusing on critical resources such as copper and rare earths. This initiative is part of the Kingdom's broa...
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Saudi Arabia mining push: Aramco and Maaden target copper and rare earths across 10% of Kingdom
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Aramco, Maaden form mining JV to explore nearly 10% of Saudi Arabia’s land
Aramco and the Saudi Arabian Mining Company (Maaden) have signed a shareholders' agreement to create a joint venture focused on mineral exploration and hard-rock mining in Saudi Arabia, targeting critical minerals like copper across approximately 182...
English-language reporting on Saudi politics, policy, and society.
"Saudi Gazette reflects mainstream Saudi institutional perspectives."
— A47 Editor
Aramco, Maaden form mining JV to explore nearly 10% of Saudi Arabia’s land
Aramco and the Saudi Arabian Mining Company (Maaden) have signed a shareholders' agreement to create a joint venture focused on mineral exploration and hard-rock mining in Saudi Arabia, targeting critical minerals like copper across approximately 182...
Regional and international reporting focused on Middle Eastern politics, diplomacy, and economics.
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Aramco, Maaden Sign Joint Venture Agreement on Mineral Exploration, Hard-Rock Mining in Saudi Arabia
Aramco and Maaden have signed a joint venture agreement to explore and mine minerals across nearly 10% of Saudi Arabia's land area, focusing on critical resources such as copper and rare earths. This initiative aims to tap into the Kingdom's substant...
UAE-based English-language newspaper covering regional politics, economics, and global affairs.
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Aramco and Maaden form venture to tap Saudi Arabia’s $2.5 trillion mineral wealth
Aramco and Maaden have established a joint venture to explore and mine minerals across nearly 10% of Saudi Arabia's land area, focusing on critical resources such as copper and rare earths. This initiative aims to capitalize on the Kingdom's estimate...
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«أرامكو» تفتح خزائن بياناتها لـ«معادن» بحثاً عن ثروة تحت الأرض
Saudi companies Aramco and Ma'aden have entered into a joint venture to explore minerals and mine hard rocks in an area covering 10% of the Kingdom. This collaboration aims to tap into the country's underground wealth, enhancing the mining sector's c...