Company executives signing the contract

Saudi Arabian Mining Co. (Maaden) inked a contract with a global major consortium for providing mining services, the company said in a tweet.

 

The contract falls within the phases of the development and implementation of Mansourah & Masarrah mines and factory, the company said.

 

The Mansourah and Masarrah mines and factory are within the seven mines of Maaden and one of the largest gold projects in the region. The project aims to produce 250,000 ounces annually, the mining major said in another tweet, adding the two mines were discovered as part of its accelerated mining exploration program.

 

In July 2019, Maaden’s wholly-owned unit, Maaden Gold & Base Metals Co., awarded a SAR 2.27 billion ($606 million) contract to Outotec and Larsen & Toubro consortium to develop the Mansourah-Massarah gold project, Argaam reported.

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