Aramco, Maaden form mining JV to explore nearly 10% of Saudi Arabia’s land

RIYADH — Aramco and Saudi Arabian Mining Company (Maaden) have signed a shareholders’ agreement to establish a joint venture focused on mineral exploration and hard-rock mining in Saudi Arabia, with copper and other minerals critical to the energy transition among its main targets.Under the proposed structure, Maaden will own 51% of the joint venture and Aramco 49%. The companies first disclosed plans for the venture in January 2025.The venture will focus its exploration activities across Zon...

By Saudi Gazette