Gina Rinehart Secures Mining Licences for Gold Exploration in Saudi Arabia

Australian billionaire Gina Rinehart has praised Saudi Arabia’s pro-mining policies following her company’s acquisition of five exploration licences for gold in collaboration with Maaden, the kingdom’s largest mining firm. This joint venture aims to explore the Nabita Ad-Duwayhi gold belt, aligning with Saudi Arabia’s Vision 2030 strategy to diversify its economy beyond oil. Rinehart highlighted the experience of Hancock Prospecting in project development, including the successful Roy Hill project. Maaden’s CEO Bob Wilt emphasized the partnership’s potential to accelerate exploration and develop a global mineral hub.

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