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Unigold gets Saudi mining licence

Dubai, October 16, 2008

Canadian mining company, Unigold, has secured a reconnaissance licence for all minerals and rocks from Saudi Arabia's Deputy Ministry of Mineral Resources, a report said.

The licence covers all areas in the Kingdom and all minerals and rocks except those unlisted in the Mining Investment Code, according to the Emirates Business report.

'This licence offers opportunities to Unigold in the virgin mineral industry of the Kingdom of Saudi Arabia which contains tremendous varieties of precious and base metals and thus provides a valuable blue sky for future development/ growth of the company,' said a top official of Unigold.

The DIFX-listed company has already partnered with another mining company which has some gold tenements in the Mena region.




Tags: Canadian | Mining | Unigold |

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