28 Dec 2010
(MENAFN) Abdallah Saif Al-Saif, Maaden Chairman, said that the company would explore more in the Arabian Shield region and build new mines in an attempt to increase gold resources to 20 million ounces by 2020, reported Reuters.
Al-Saif added that this step was taken in order to concentrate more on the Arabian Shield region. He said that the plan includes developing four new mines in an attempt to compensate the decrease in production in other existing mines.
He also said that $16 billion were allocated for the development of phosphate, bauxite, gold, industrial minerals in Saudi Arabia. This is a part of a bigger plan in the Kingdom for having economic anchors in the economy other than the oil industry.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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