The Mining and Metals sector is the third pillar of industry in Saudi Arabia. Investments have a positive impact on Saudi society and positive contribution to the economy as per Vision 2030. The Group will invest USD 13 Billion with the National Industrial Development and Logistics Program (NIDLP) over the next ten years and the cooperation agreement was signed under the patronage and presence of the Minister of Industry & Mineral Resources, H.E. Bandar bin Ibrahim Alkhorayef, Chairman of the Program Committee, and Mohammed bin Abdulaziz Al Ajlan, Deputy Chairman of Ajlan & Bros Holding Group. The Group has signed numerous joint ventures with leading global companies in the mining and metals industries. Through this approach, a number of mines and processing facilities, in multiple commodities, are at various levels of study and execution. The establishment of a processing hub at Yanbu is also being contemplated to support the development of these and other projects.
Ajlan & Bros Mining and Metals has already set up multiple JVs with the world’s leading players in the mining and metals sectors and continues to attract foreign direct investment.
1- Khnaiguiyah & Moxico
The Khnaiguiyah Zinc Project is an advanced-stage zinc and copper project located 170 km west of Riyadh. The Ajlan & Bros–Moxico Consortium’s bid of USD 73 million, in the first-ever multi-round auction for a Saudi mining license, was recently announced as the winning bid for Khnaiguiyah. The consortium is progressing with the project, engaging with local communities, and beginning the construction and development of mining operations.
2- Bir Umq
The Bir Umq exploration license, awarded to the Ajlan & Bros–Norin Consortium in February 2024, focuses on mining sector activities with anticipated minerals including gold, copper, and zinc. The project will be developed through a joint venture with Norin Mining, with Ajlan & Bros holding 49% and Norin Mining holding 51%. Development during the exploration phase amounts to USD 33.3 Million.
3- Jabal Sayid and South Al-Hijar
Through strategic alliances, Ajlan & Bros Holding Group has successfully secured two exploration licenses for Jabal Sayid and South Al-Hijar, covering a total area of 2,050 sq km.
3.1- Jabal Sayid – Second Exploration License:
- A joint venture between Ajlan & Bros and China’s Zijin Mining, with an investment of USD 16.5 million for exploration over an area of 1,061 sq km.
3.2- South Al-Hijar Exploration License:
- A joint venture between Ajlan & Bros and Noreen Mining, with an estimated investment of USD 55.7 million for exploration across 989 sq km in the South Al-Hijar region.
4- AHK JV
Ajlan & Bros Mining has formed a joint venture with the Alfred H. Knight Group, one of the world’s leading companies in providing analytical services for the mining industry. The JV aims to establish a new analytical facility and metallurgical laboratory in Saudi Arabia, both of which are vital services supporting the rapid growth of the mineral exploration sector in the Kingdom. The laboratory is expected to begin receiving samples in 2026.
5- Shandong Gold Joint Venture
The Al Duwayhi West gold project is a joint venture between Ajlan & Bros Mining and Shandong Gold, the largest producer of gold in China. The property is located immediately to the west of the Al Duwayhi gold mine. Five licenses, totaling 422 km², were successfully secured in the Round 9 auctions, with a total work program value of USD 14.4 million.
6- Al Rashed Joint Venture
The Wurshah gold project is a joint venture between Ajlan & Bros Mining and Al Eitilaf Al Momayaz, part of the Artar Group of Companies. The project features extensive drilling completed by a previous operator and is expected to offer an opportunity for rapid development of a new gold mine, subject to results. A work program of USD 70.6 million is planned to be invested by the joint venture, aimed at advancing the project toward rapid production.
7- Precious Metals Refinery with (Valcambi)
The partnership between Ajlan & Bros Mining and Valcambi is establishing a state-of-the art refinery in the Kingdom of Saudi Arabia for base metals and Platinum Group Metals (platinum, palladium, rhodium, and iridium), with an annual capacity of 250 tons.
8- Greenfields Licences
Ajlan & Bros Mining has a 100% interest in four greenfield exploration licences, covering 294km2. These are prospective for gold and base metals, and which the company is actively exploring through geological mapping, geophysics, and drilling.
