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FINANCIAL NEWS
Amak: Najran gold, copper mine completed
01 Nov 2011
(MENAFN) Saudi-based Al-Masane Al-Kobra Mining Company (Amak) announced the completion of the construction phase of its gold and copper mine in Najran province, Arab News reported.
Nesma & Partners Contracting Company Ltd., a subsidiary of Nesma Holding Co. Ltd., and the Chinese National Geological and Mining Corporation, carried out the construction work.
The mine, a joint ownership between Amak and the Arabian American Development Company, is expected to begin production in the second quarter of 2012.
The mine is expected to produce 58,000 tons of zinc, 34,900 tons of copper, 375,000 ounces of silver, and 7,650 ounces of gold per year.
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