Saudi Arabia Mining News

Can Saudi Arabia still sway the oil market?

Saudi Arabia, the world’s top oil exporter and OPEC's largest producer, has influenced the oil market and oil flows since the middle of the 20th century.

How central bank gold buying is undermining the dollar

The reason for central banks’ recent gold accumulations has little to do with safe havens and a lot to do with chipping away at the US dollar’s role as the reserve currency.

Uranium industry weighs rules that have bomb watchers twitching

United Nations officials and atomic regulators are poised to loosen rules on the industry, unlocking finance to take more radioactive material out of the ground without corresponding new checks.

Smart money is piling into oil

Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector.

Saudi Arabia's gold miner plans to be a global top-20 supplier

Saudi Arabian Mining Co. plans to boost gold output from about 415,000 ounces this year to one million by 2025.

Michael Klein strikes gold from Canada to Saudi Arabia

Klein won’t have to share his fees with other large U.S. or European investment banks.

Saudi Arabia to spend $3.8B to enhance mineral exploration

"The law allows 100 percent ownership...and you can apply for exploration or mining licenses."

Saudi Arabia: We'll pump the world's very last barrel of oil

The Saudis have the two key ingredients to continue pumping oil till kingdom come—huge reserves and low production costs.

The Saudi dilemma: To cut or not to cut

To cut and push up prices or not to cut and preserve market share.

Saudi Arabia targets $64B in mining revenue by 2030

Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.

Oil heads for seventh weekly loss on signs of global supply glut

Demand for Saudi crude may be lower in January compared with December - Khalid Al-Falih

Saudi Arabia says new mining project to increase non-oil GDP by 3%

King Salman inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's GDP by $6.4 billion and its non-oil GDP by 3%.

Saudi King to open $22.7B mining project on Thursday, Al Arabiya TV

The project is part of an industrial scheme aimed at opening up Saudi's north to development that will boost job creation.

OPEC+ faces risk of new oil surplus as prices slump

A technical committee representing the coalition projected on Saturday a global oil surplus will resurface in 2019.

Glencore chair Tony Hayward latest to drop out of Saudi conference

Another executive pulls out of conference due to widespread concern about the fate of journalist Jamal Khashoggi.

Iraq pumping oil at record levels, unaffected by protests

The country’s crude exports reached a record of 3.59 million barrels a day.

A Saudi Iran oil war could break up OPEC

Could OPEC be on the way out? Maybe.

Barrick says copper operation in Saudi Arabia not affected by diplomatic dispute

The Canadian miner said it has a strong relationship with partner Ma’aden.

Saudis discover 1,200-year-old mining hub

Dawadmi is presumed to have been a hub from where mining products were exported 1,200 years ago.

Emerging market meltdown could undermine oil rally

Higher production doesn't necessarily mean higher oil prices are entirely out of the question.

Commodities are flashing a once-in-a-generation buy signal

Since the commodities supercycle unwound nearly 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices.

Last hurrah for the zinc price

The price of zinc fell to a four month low on Thursday – there's much more pain to come says new report.

Building the world's largest solar project

Saudi Arabia wants to pour $200 billion into solar to build the world's largest solar project. 

Saudi Ma'aden to develop Mansourah, Massarah gold mine- sources

Ma'aden operates six gold mines in the Central Arabian Gold Region, western Saudi Arabia which contains much of the Kingdom's gold rich ore deposits.

OPEC's bearish report provides little hope for oil markets

OPEC has released a new market whammy, offering up the cartel’s production figures, which largely jive with figures reported by the IEA.