The Ministry of Industry and Mineral Resources has announced an auction for 13 mining licences in the limestone blocks complex near Hufairat Nisah, Riyadh.
The auction process and documentation will be via ‘Tadeen’ platform and will begin with a qualification round based on the conditions laid out in the main auction document. From 13 April, the ministry has asked applicants to submit their formal qualifying documents via Tadeen.
The ministry hopes to create a fair environment for bidders, reach out to a large number of mining investors, and boost national industries in line with Saudi Vision 2030 goals by launching the public auction process.
The ministry hopes to create a fair environment for bidders
The ministry has established legislation and processes that consider the environmental and social implications of mining activities, as well as the rehabilitation of the environment in and around mining sites after the activities are completed. It said that existing legislation should be in accordance with international standards and practices.