Al-Rasheed obtains mining license for Riyadh’s high-silica mine

10/07/2024 Argaam
Logo ofMohammed Hadi Al-Rasheed Co.

Logo of Mohammed Hadi Al-Rasheed Co.

Mohammed Hadi Al-Rasheed Co. obtained a mining license (high-silica mine) from the Ministry of Industry and Mineral Resources in Riyadh under No. 1446632.

 

The 20-year license is effective from July 9, 2024, to July 8, 2044, and covers an area of 9.6 million square meters, the company said in a statement to Tadawul.

 

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This license enhances Al-Rasheed’s operational capabilities and supports its plans to boost the production capabilities, the company stated, noting that the resulting financial impact will be announced in due course.

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