Saudi Arabia awards Moxico Resources and Ajlan & Bros Al-Khunayqiyah mining project

RIYADH: The consortium of Moxico Resources and Ajlan & Bros. won the license for the exploration of Saudi Arabia’s Al-Khunayqiyah mining site project, where zinc and copper deposits are estimated at around 26 million tons, the Ministry of Industry and Mineral Resources said on Wednesday.

The ministry awarded the license for SR252 million  ($ 67 million) after a four-day electronic auction.