News 24 Ma 'aden: We have overseen the biggest budget exploration of the history of mining in Arabia: we are seeking to produce 1 million ounces of oil and gas. gold per year.

The Saudi mining company Ma & aden announced today the allocation of the largest mining exploration budget in the history of the Saudi mining industry, thus strengthening the contribution from the mining sector to GDP and creating thousands of employment opportunities.

Ma & aden spent SR 253 million (US $ 67 million) in 2019 for exploration activities in remote and promising areas of the Kingdom, which is more than three times the average annual expense of exploration and exploration compared to previous years.

"The Ma & # 39; aden strategy is focused on training and qualification of the national workforce, improving the efficiency of exploration programs, development of national industries and exporting them worldwide, "said Darren Davis, President and CEO. "My Aden studies local and global opportunities and adds other investments.

Mr. Davids added that the kingdom had great mineral potential and that Ma'Aden worked tirelessly to increase its production of precious metals, including base metals and industrial minerals, and aimed to achieve the highest level of production. One million ounces of gold per year. .