The Holding has already signed multiple JVs with the world’s leading players in the Mining and Metals sectors and continues to attract foreign direct investment.

Khnaiguiyah Mining (Zinc, Copper and Manganese):

Khnaiguiyah Project is an advanced stage Zinc and Copper project located 170km west of Riyadh. Moxico Ajlan & Bros Mining Co. Consortium win the bid of US$ 68 million, in the first-ever multi-round auction for a Saudi mining license. The Company has advanced with resource definition and engineering studies and established a strong and enduring relationship with local communities. Construction is set to commence in 2024 with mining operations expected to commence towards end of 2025.

  • Capex Investment: 1.4 B SAR

Precious Metals Refinery

The project consists of a gold refinery and a platinum chemical refinery, located in the free zone of Riyadh Airport in the Kingdom of Saudi Arabia, in partnership with the Swiss Valcambi. The gold refinery will be London Bullion Market Association certified, and the platinum refinery will be London Market Platinum and Palladium certified. Both products will comply with globally approved standards and should be accepted globally by all customers, including all national banks, wholesalers and retailers.

  • Capex Investment: 1.5 B SAR

Mining Cooperation & Exploration (Dalfa Site)

An exploration project in the Kingdom of Saudi Arabia with the aim of evaluating a group sites, estimating reserve quantities and studying the economic feasibility of gold and copper ores in partnership with the Chinese Chifeng Company.

“Dalfa” Site is underlain by rocks belonging to the Halaban complex. Gabbro and diorite dominate outcropping units with wide variety of granitic intrusive, pilot Trenching was carried out and RC drilling. Field activities entered a phase with two programs running concurrently. However, in all 42 trenches with a cumulative length of 5,962 meter were dug, whilst 22 RC holes of cumulative depth of 1,880 meter were drilled. The major highlight of the period was the intersection of mineralized zone of 8.5 m @5.20g/t, including 2 m @ 41.3 g/t in one of “Dalfa” site trenchs. Further work is Diamond drilling and geophysical survey will be considered for 2024

  • Capex Investment: 75 M SAR

Establishing Zinc and Copper Smelters

The project will be in Yanbu Industrial City, Saudi Arabia, in partnership with Moxico. The project will include developing a smelter to produce both zinc and copper metal through roasting concentrates. The smelter has a capacity of 200,000 tons/year of zinc alloy and 100,000 tons/year of copper. An acid plant with a nominal capacity of 1,100 tons per day has been included to clean off-gases from the two roasters to produce sulfuric acid.

  • Capex Investment: 5.2 B SAR

PGM’s & Nickel Smelter and BMR

Establishing a smelter and Base Metal refinery for the platinum metals group in Jazan Industrial City, in partnership with PTM Company, which owns the Waterberg project in South Africa, which will be the source of PGM concentrates. The products will be sulphates of nickel, copper, gold, platinum, palladium, rhodium, iridium, ruthenium and osmium.

  • Capex Investment: 1.9 B SAR