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Source: Middle East Saudi Arabia
The Saudi Mining Company (Ma & aden) has signed an engineering and supply contract with Autotek, Larsen and Tobero for the construction of a plant in Mansoura and Misra (Western Saudi Arabia) intended for the production of gold worth 2.2 billion riyals (606 million dollars). As part of this contract, Autotek, Larsen and Tobero will provide detailed technical badistance, procurement, construction, pre-operation and operation, as well as training and support services for operating and maintenance personnel. maintenance project for the Mansoura and Zahraa gold production project.
Construction will begin on the date of the signing of the construction contract, which is expected to commence in the second quarter of fiscal year 2022.
My Aden expects the financial impact of the project to impact Mansoura and the Mashreq during the second quarter of fiscal year 2022. This is at the beginning of the year. Pilot operation of the project, stating that he will announce the details of the project funding and other details related to the project when the time comes. The company operates 6 gold mines, including the Duweihi mine, which started commercial production in 2017 with approximately 275,000 ounces in 2018, producing approximately 415,000 ounces of precious metals in 2018 and is aiming to increase this figure. to a million ounces per year as part of the strategy. Minerals around 2025.
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