_1777294237270_124456903.png&w=48&q=75){kind=small}
Amak to Al-Iqtisadiyya: New mineral resources to start production in 2027
The CEO of the Major Mines Company "Amak" stated that the company is continuing to implement exploration programs and develop new mineral resources, with an expectation of entering the production phase in 2027. The company announced the establishment of a subsidiary specialized in drilling operations, which is set to commence its activities in the third quarter of 2026. He explained that the company's results were temporarily affected due to the suspension of the basic metal processing plant, which resumed operations in May 2026, resulting in an 8% decline in quarterly revenue, primarily dependent on sales of metals such as copper, zinc, and gold. "Amak" anticipates future growth driven by increased production and resource development, with a continued focus on the basic metals sector. The company aims to produce new mineral resources by 2027, relying on exploration, development, and operational efficiency improvements.
Notice: This Is an AI-Generated Summary
Comments (0)