Projects in Active
Development

Saudi Arabia has a rich resource of mineral wealth. At Ma'aden, we are accessing that resource to help drive the Kingdom’s economy and to improve the life prospects of its people.

As a future focused company, we continue to look forward, seeking to identify new sources of minerals to ensure that future generations are also able to benefit from this resource.

We currently have two new gold mining projects under development. Work is continuing to complete the construction and engineering work on the Mansourah and Massarah gold mine project, which will become the largest gold project ever undertaken by Ma'aden. The level and scale of our ambition demonstrates the commitment of Ma'aden to identify and pursue attractive growth investments in Saudi Arabia. The project is scheduled to be completed and start operations in 2022.

This project has the potential to bring enormous benefit to local communities, and we are already working with partners to ensure that local employees and supply chains benefit from the development of this new mine. Strengthening our local impact has been a key focus on activity in 2020, both through community investment and through supporting local supply chains.

The Mansourah and Massarah project is an important element in realising Ma’aden’s strategy to increase gold production to 1 million sustainable ounces per year, benefiting Saudi Arabia and the local communities.

At the heart of this project is our commitment to sustainable development, in line with our broader corporate and national objectives and vision. This will therefore be the first mine in Saudi Arabia to use solar energy as an energy source. It will also benefit from treated water transferred to the two mines through a 430km pipeline, built by Ma'aden, connecting Taif city to the remote and scarce water area of the mine.

We are also in the process of completing the necessary feasibility studies for the Ar Rjum Mine. 2020 saw the completion of initial feasibility. Based on preliminary project assessments, we anticipate the average annual production volume will be 250,000 ounces per year, with a potential mine lifespan of 10 years.