23 Jul 2024
RIYADH: Saudi Arabia has granted exploration licenses for salt deposits in Eastern Province’s Sabkha Ras Al-Qaryah to four companies following a competitive tendering process.
The winning firms are Khalid Al-Zahid and Sons Co., Ibrahim Al-Issa and Partner Salt Co., Riyadh Salt Industry Co., and Rastan Limited, as announced by Jarrah bin Muhammad Al-Jarrah, spokesperson for the Ministry of Industry and Mineral Resources.
Al-Jarrah noted that the ministry received six applications for the exploration licenses, announced in March through a mining platform. Five applications passed the qualification stage, while one did not meet the requirements.
This aligns with the government’s goal of maximizing the Kingdom’s mineral resources, valued at SR9.3 trillion ($2.4 trillion), in line with Saudi Vision 2030. The initiative aims to enhance licensing transparency, promote national industries, and contribute to local content development and job creation.
In its earlier release, the ministry revealed that the total area of the four sites offered for competition is 5 sq. km. The Ras Al-Qaryah complex, a coastal sabkha located approximately 4 km from the sea, has naturally exposed salt deposits in some locations on its surface.
It added that the salt ore in the area is deposited in a stratified form and is suitable for various industrial applications. It supports the manufacturing and petrochemical industries, as well as the production of high-purity table salt and food-grade salt. This ore is refined into high-quality industrial salt with a purity of approximately 99 percent sodium chloride.
Earlier this week, Saudi Arabia unveiled its largest mineralized belts to date, covering 4,788 sq. km and granting five new exploration licenses.
Three of these licenses are allocated to the Jabal Sayid site in Madinah, spanning 2,892 sq. km and containing minerals such as gold, silver, copper, zinc, and lead.
The remaining two licenses are for the Al-Hajjar site in the Asir region, which covers 1,896 sq. km and also includes gold, silver, copper, zinc, and lead, according to a statement from the ministry.
According to a MineHutte and Mining Journal report, Saudi Arabia has experienced the fastest global growth in mining sector investments. Over the past five years, the Kingdom has enhanced its regulatory and infrastructural environment, achieving the second-best global ranking for mining licensing.