62 Days
Source:
الاقتصادية
Amak mineral resources to start in 2027
The CEO of Majtech for Mining Industries "Amak" Saudi Arabia confirmed that the company continues to implement exploration and development programs for new mineral resources, with expectations to enter the production phase by 2027. The company also revealed the establishment of a subsidiary specialized in drilling operations, which will begin its activities in the third quarter of 2026 to support future expansion plans. Although the company's results temporarily declined due to the temporary suspension of the base metals processing plant, the plant resumed operations in May 2026, restoring its performance levels to normal. Currently, the company is focusing on enhancing production and operational efficiencies, particularly in the base metals sectors of copper, zinc, gold, and silver. It is expected that the development of new resources and increased production will support its growth beyond 2027.
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