Monday 8 February 2016
 
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Mining

Saudi's Ma'aden swings to net loss in Q4

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, swung to a net loss in the fourth quarter on Wednesday due to lower product prices, missing the average forecast of analysts. Ma'aden made a net loss of

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Oman fund, others plan $260m mining venture

Oman's biggest sovereign wealth fund, the State General Reserve Fund (SGRF), plans to cooperate with other state and private investors to establish a venture to buy into the mining industry, officials said on Tuesday. The vent

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Oman fund, others plan $260m mining venture

Oman's biggest sovereign wealth fund, the State General Reserve Fund (SGRF), plans to cooperate with other state and private investors to establish a venture to buy into the mining industry, officials said on Tuesday. The vent

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Top 10 issues facing mining companies in 2016

Weak commodity prices, declining grades and a falloff in demand from China will continue global mining sectors’ downward cycle well into 2016, a report said, noting that regulatory mandates and tax burdens remain as high as ever.

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Iran to carry out major mining exploration

Iran has plans for carrying out mining exploration projects over 240,000 sq km across 12 provinces in the biggest development attempt seen in the sector, said a senior official, in a report. The effort is in line with Iran's b

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Ma'aden reviews spending, expects to stay course

Saudi Arabian Mining Co. (Ma'aden) is reviewing its spending in the wake of low commodity prices but the chief executive of the Arab Gulf's biggest miner expects the company to stick with its project plans.  

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Eight businessmen honoured at Saudi mining event

Saudi Arabia’s Minister of Petroleum and Mineral Resources, Ali Al-Naimi, presented partnership awards to eight local and international business leaders at the Saudi Mining and Minerals Exhibition and Symposium in Riyadh, Saudi Arabia.

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Saudi Arabia’s mining sector to triple by 2030

Saudi Arabia’s mining sector is set to triple by 2030, and its contribution to the gross domestic product (GDP) is expected to reach SR260 billion ($69.32 billion) in 15 years, said the kingdom’s Minister of Petroleum and Mineral Res

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Adopt latest mining technology, says expert

Computerisation of the complete mining lifecycle in Saudi Arabia will help facilitate more efficient resource utilisation, safety, highlighted a top expert attending the ongoing Saudi Mining and Minerals 2015 event, in Riyadh, Saudi Arabia.

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Sudan energy, mining focus for summit

Experts from African national oil, gas & mining companies as well as international companies will discuss will explore potential views and inventive ideas in the oil and gas and mining sectors in Sudan at an upcoming summit in Khartoum.

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