PROJECTS: AMAK, Maaden sign pact to exchange exploration licenses
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AMAK and Maaden have signed an agreement to exchange exploration licenses, enhancing operational efficiencies and investment objectives in the mining sector. The swap aims to optimize resource management and expand mineral wealth utilization in Saudi Arabia. The transfer is subject to regulatory approvals, with licenses related to precious and base metals. AMAK recently discovered economic resources in Najran. The agreement remains effective until all procedures are completed.
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