- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:24 05:43 12:19 15:46 18:51 20:09
Unigold gets opportunities in KSA'a mineral industry. (SUPPLIED)
Unigold, the DIFX-listed Canadian mining company, yesterday said it has obtained a reconnaissance licence for all minerals and rocks from the Deputy Ministry of Mineral Resources in the Kingdom of Saudi Arabia.
The licence may include all locations in the Kingdom and provides for reconnaissance of all minerals and rocks except those excluded by the Mining Investment Code.
"This licence offers opportunities to Unigold in the virgin mineral industry of the Kingdom of Saudi Arabia which contains tremendous varieties of precious and base metals and thus provides a valuable blue sky for future development/ growth of the
company," Unigold said in a press release.
"The Government of Saudi Arabia is very keen about encouraging the development of and the investment in the mineral industry as well as providing important incentives to accomplish this strategy," it said.
Unigold has already signed an MoU with a mining company holding some gold tenements in the Middle East and North African region.
Follow Emirates 24|7 on Google News.