Saudi mining giant Maaden launched yesterday Ad Duwayhi gold mine plant, along with several mining infrastructure projects that were inaugurated by Prince Khalid al-Faisal, the governor of Makkah.
Ad Duwayhi has an estimated average annual production capacity of 180,000 ounces of gold over its life expectancy, and is said to account for 43 percent of Maaden's gold production over the next five years.
It also had reserves of 1.9 million ounces of gold as of Dec. 31, 2015 and started trial production in October 2015.
“The mine will provide hundreds of job and training opportunities and will help boost the kingdom's economic growth,” said Khaled Saleh Al-Mudaifer, Maaden chief executive officer.
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