gold reserves and mining in saudi arabia

gold reserves and mining in saudi arabia

The country is also rich in a variety of minerals including gold. The evidence of gold mining exists from over 5000 year ago. Between the eighth and thirteenth centuries, there were reportedly extensive gold mining operations. The western areas of Saudi Arabia, where the Pre Cambrian rocks of the Arabian Shield are located, are known to have most of the gold deposits.

According to the government, 600 sites with gold deposits have been identified. While exploration is being conducted at a number of sites, only five mines are presently active. The country still has a lot of potential for mining. It is one of the most stable countries in the Middle East which makes it an attractive area to large mining companies.

Significant episodes of gold mining in Saudi Arabian history include periods during 3000 BC, 1000 BC, the Abbasid Caliphate between 750 AD and 1258 AD and more recently since 1936 AD. Saudi Arabian archaeologists discovered an ancient tomb in 1998 near Thaj, a town in the northeastern part of the country. This royal tomb dating to the first century AD appeared to be of a young woman who was bejeweled with gold ornaments and a gold mask.

The entire gold mining and exploration activities in Saudi Arabia are carried out by Maaden. Maaden was formed in the year 1997 through a royal order in order to develop and exploit the countrys mineral resources. Its initial thrust was to develop the mineral resources industry and today a total of five gold mines are operative which have known gold reserves of over 300 tons.

The mine located in the western area of Saudi Arabia in the Al Madinah province is one of the oldest in the country and is also known as Cradle of Gold . Mining activities in this region were spread out over two different periods. One period was around 3000 BC and the other between 750 AD and 1258 AD.

In 1988, the mining process was restarted at the site for the commercial production of gold. The mine at Madh Ad Dahab is underground and is about 300 meters in depth and has over 60 kilometers of underground tunnel development so far.

The mine is situated in the Al Qassim province which is at a distance of 250 kilometers from Madh Ad Dahab and around 550 kilometers northwest from Riyadh. The plant processes gold from the ore that is brought from Bulghah mine which is about 75 kilometers away.

Bulghah mine is situated at Al Madinah region of Saudi Arabia. The production in this mine started in 2002. The low grade gold ore is processed here by the heap leach method while the higher grade gold ore is sent to Sukhaybarat processing plant. As the higher grade ore quantity has almost exhausted, the production is now limited to lower grade ore only.

Al Hajar mine is located in southern Saudi Arabia and is at a distance of 710 kilometers southeast of Riyadh. The gold production at the mine was started in 2001 by heap leach method and produced around 1 ton of gold per year. The mining operation was halted in 2006 and now only processing of the already mined ore is carried out.

Al Amar mine is located in the Ar Riyadh region at an approximate distance of 250 kilometers southwest of Riyad. The production of gold began in 2009 in the underground mine. Its processing capacity is 200 kilo tons of ore per year.

With increased oil and shale production from other countries lowering the price of oil, Saudi Arabia is cutting production to maintain current prices. It is beginning to take other mineral resources very seriously. Gold mining is likely to increase over time as a way to add to the countrys economy and provide more stability and diversity of resources.

mining in the kingdom of saudi arabia - an overview - lexology

mining in the kingdom of saudi arabia - an overview - lexology

Covering two million square km, the Kingdom of Saudi Arabia is the largest country by landmass in the Middle East and the 13th largest in the world. The Kingdoms geology gives it an abundance of natural resources and raw materials. To date, over 48 minerals have been identified in the Kingdom, including feldspar and nepheline syenite; garnet; gold; zinc; granite; graphite; gypsum; tantalum; high-grade silica sand; kaolinitic clays; limestone; magnesium; marble; olivine; pozzolan; rock wool; silver; and zeolites. Extraction of these metals is taking place at a rapid pace, especially in high-demand areas such as aluminium and steel. The Kingdom has identified 1,273 sites of precious metals and 1,171 sites of non-precious metals.

The infrastructure needs of the Kingdoms growing population and the Kingdoms push to further industrialise (refer to the next section) means that there is a strong downstream market for the Kingdoms minerals. Steel and cement would be the obvious products but there are other opportunities in areas like ceramics, phosphate, aluminium, zinc and copper.

Saudi Arabian Mining Company (Maaden) is a diversified mining company, active in gold base metals mining and the infrastructure industry. Maaden was formed as a Saudi joint stock company on 23 March 1997 for the purpose of facilitating the development of the Kingdoms mineral resources. Maaden is the largest mining company in the Kingdom. The Government owns 50% of Maadens shares (through PIF) while the remaining 50% are listed on the Tadawul.

Khnaiguiyah Mining Company, a joint venture company between Alara Resources Limited and United Arabian Mining Company LLC, operates a zinc-copper mine in Khnaiguiyah. The mine is estimated to be able to produce 1.4 million tonnes of zinc concentrate and 210,000 tonnes of copper concentrate over its 13 year mine life.

KEFI Minerals plc and Abdul Rahman Saad Al-Rashid & Sons Company Limited formed G&M to explore for gold and associated metals in the Arabian-Nubian Shield. Their flagship project in the Kingdom is the Jibal Qutman project, which is estimated to hold some 733,045 ounces of gold.

These projects could benefit from foreign investment and numerous support opportunities available from the Government, including tax and customs exemptions. Moreover, the products of these projects could be used for further industrial development in Saudi Arabia, for instance in a proposed automotive cluster that the Government is seeking to establish.

The Kingdoms Saudi Vision 2030 focuses on economic diversification, import substitution (through the creation of new local industries, including in manufacturing) and increasing exports and stresses the need for further development of the Kingdoms mining sector, which the Government believes should be contributing more significantly to the Kingdoms GDP.

As a consequence of Saudi Vision 2030, structural reforms are planned in the mining sector, including private sector investments, building a database of the Kingdoms resources, reviewing licensing procedures, investing in infrastructure, developing funding methods and forming international partnerships to ensure that the sectors annual contribution to GDP reaches SAR97 billion by 2020, creating 90,000 job opportunities in the process.

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mansourah-massarah gold project, central arabian gold region

mansourah-massarah gold project, central arabian gold region

The Mansourah-Massarah gold project involves the development of Mansourah and Massarah open-pit mines as well as a greenfield mineral concentrator and gold processing plant in the Central Arabian Gold Region of Saudi Arabia. The 680m ($880m) project is being developed by Maaden Gold and Base Metals Company (MGBM), a subsidiary of Saudi Arabias majority state-owned mining company Maaden. A bankable feasibility study (BFS) for the integrated mining project was completed in 2018, while the key contracts were awarded in the first half of 2019. Scheduled to commence operations in the second quarter of 2022, the Mansourah-Massarah project is expected to produce 250,000 ounces (oz) of gold annually over an estimated mine life of 12 years.

The 680m ($880m) project is being developed by Maaden Gold and Base Metals Company (MGBM), a subsidiary of Saudi Arabias majority state-owned mining company Maaden. A bankable feasibility study (BFS) for the integrated mining project was completed in 2018, while the key contracts were awarded in the first half of 2019. Scheduled to commence operations in the second quarter of 2022, the Mansourah-Massarah project is expected to produce 250,000 ounces (oz) of gold annually over an estimated mine life of 12 years.

A bankable feasibility study (BFS) for the integrated mining project was completed in 2018, while the key contracts were awarded in the first half of 2019. Scheduled to commence operations in the second quarter of 2022, the Mansourah-Massarah project is expected to produce 250,000 ounces (oz) of gold annually over an estimated mine life of 12 years.

Scheduled to commence operations in the second quarter of 2022, the Mansourah-Massarah project is expected to produce 250,000 ounces (oz) of gold annually over an estimated mine life of 12 years.

Mansourah-Massarah will be the biggest ever gold project to be developed by Maaden. Location, geology, and mineralisation Mansourah-Massarah is the newest mining project by Maaden in the Central Arabian Gold Region that extends from the Red Sea coast to the middle of Saudi Arabia. The companys five operational gold mines in the region are Ad Duwayhi, Al Amar, Bulghah & Sukhaybarat, As Suq, and Mahd Ad Dhahab. The project comprises the Mansourah and the Massarah open-pit gold resources that form part a 50-km long, north-south trending string of gold deposits that occur parallel to the regional Ad Dafinah thrust fault zone in the Central Arabian Gold Region. The Mansourah deposit is located approximately 460km north-east of Jeddah, while the Massarah site is situated in the Makkah Region, approximately 460km to the south-west of Riyadh. The Mansourah and Masarrah deposits are separated by 6.5km across the Najd Fault System structures. The gold mineralisation at both the deposits is found to be mostly hosted within stylolitic sulphidic quartz veins and listwaenite wall rock. Gold reserves at Mansourah and Massarah The Mansourah deposit is estimated to hold 27.7 million tonnes (Mt) of proven and probable ore reserves grading 5.06g/t gold, while the reserves estimates for the Massarah open-pit stand at 17.3Mt grading 1.99g/t gold. Mining and ore processing for the Mansourah-Massarah gold project The conventional open-pit mining method involving drill-blast-load-haul operations will be employed for extracting ore from the Mansourah and the Massarah deposits. The run of the mine (ROM) ore will be trucked to a common processing facility for the recovery of gold through carbon-in-leach (CIL) and pressure oxidation (POX) processes. The Mansourah-Massarah processing plant will treat up to four million tonnes of ore to produce up to 250,000oz of gold a year. Infrastructure facilities The Mansourah-Massarah gold project site can be accessed through an access road from the Taif Highway that connects Taif with Jeddah. The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

Mansourah-Massarah is the newest mining project by Maaden in the Central Arabian Gold Region that extends from the Red Sea coast to the middle of Saudi Arabia. The companys five operational gold mines in the region are Ad Duwayhi, Al Amar, Bulghah & Sukhaybarat, As Suq, and Mahd Ad Dhahab. The project comprises the Mansourah and the Massarah open-pit gold resources that form part a 50-km long, north-south trending string of gold deposits that occur parallel to the regional Ad Dafinah thrust fault zone in the Central Arabian Gold Region. The Mansourah deposit is located approximately 460km north-east of Jeddah, while the Massarah site is situated in the Makkah Region, approximately 460km to the south-west of Riyadh. The Mansourah and Masarrah deposits are separated by 6.5km across the Najd Fault System structures. The gold mineralisation at both the deposits is found to be mostly hosted within stylolitic sulphidic quartz veins and listwaenite wall rock. Gold reserves at Mansourah and Massarah The Mansourah deposit is estimated to hold 27.7 million tonnes (Mt) of proven and probable ore reserves grading 5.06g/t gold, while the reserves estimates for the Massarah open-pit stand at 17.3Mt grading 1.99g/t gold. Mining and ore processing for the Mansourah-Massarah gold project The conventional open-pit mining method involving drill-blast-load-haul operations will be employed for extracting ore from the Mansourah and the Massarah deposits. The run of the mine (ROM) ore will be trucked to a common processing facility for the recovery of gold through carbon-in-leach (CIL) and pressure oxidation (POX) processes. The Mansourah-Massarah processing plant will treat up to four million tonnes of ore to produce up to 250,000oz of gold a year. Infrastructure facilities The Mansourah-Massarah gold project site can be accessed through an access road from the Taif Highway that connects Taif with Jeddah. The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The project comprises the Mansourah and the Massarah open-pit gold resources that form part a 50-km long, north-south trending string of gold deposits that occur parallel to the regional Ad Dafinah thrust fault zone in the Central Arabian Gold Region. The Mansourah deposit is located approximately 460km north-east of Jeddah, while the Massarah site is situated in the Makkah Region, approximately 460km to the south-west of Riyadh. The Mansourah and Masarrah deposits are separated by 6.5km across the Najd Fault System structures. The gold mineralisation at both the deposits is found to be mostly hosted within stylolitic sulphidic quartz veins and listwaenite wall rock. Gold reserves at Mansourah and Massarah The Mansourah deposit is estimated to hold 27.7 million tonnes (Mt) of proven and probable ore reserves grading 5.06g/t gold, while the reserves estimates for the Massarah open-pit stand at 17.3Mt grading 1.99g/t gold. Mining and ore processing for the Mansourah-Massarah gold project The conventional open-pit mining method involving drill-blast-load-haul operations will be employed for extracting ore from the Mansourah and the Massarah deposits. The run of the mine (ROM) ore will be trucked to a common processing facility for the recovery of gold through carbon-in-leach (CIL) and pressure oxidation (POX) processes. The Mansourah-Massarah processing plant will treat up to four million tonnes of ore to produce up to 250,000oz of gold a year. Infrastructure facilities The Mansourah-Massarah gold project site can be accessed through an access road from the Taif Highway that connects Taif with Jeddah. The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The Mansourah deposit is located approximately 460km north-east of Jeddah, while the Massarah site is situated in the Makkah Region, approximately 460km to the south-west of Riyadh. The Mansourah and Masarrah deposits are separated by 6.5km across the Najd Fault System structures. The gold mineralisation at both the deposits is found to be mostly hosted within stylolitic sulphidic quartz veins and listwaenite wall rock. Gold reserves at Mansourah and Massarah The Mansourah deposit is estimated to hold 27.7 million tonnes (Mt) of proven and probable ore reserves grading 5.06g/t gold, while the reserves estimates for the Massarah open-pit stand at 17.3Mt grading 1.99g/t gold. Mining and ore processing for the Mansourah-Massarah gold project The conventional open-pit mining method involving drill-blast-load-haul operations will be employed for extracting ore from the Mansourah and the Massarah deposits. The run of the mine (ROM) ore will be trucked to a common processing facility for the recovery of gold through carbon-in-leach (CIL) and pressure oxidation (POX) processes. The Mansourah-Massarah processing plant will treat up to four million tonnes of ore to produce up to 250,000oz of gold a year. Infrastructure facilities The Mansourah-Massarah gold project site can be accessed through an access road from the Taif Highway that connects Taif with Jeddah. The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The Mansourah and Masarrah deposits are separated by 6.5km across the Najd Fault System structures. The gold mineralisation at both the deposits is found to be mostly hosted within stylolitic sulphidic quartz veins and listwaenite wall rock. Gold reserves at Mansourah and Massarah The Mansourah deposit is estimated to hold 27.7 million tonnes (Mt) of proven and probable ore reserves grading 5.06g/t gold, while the reserves estimates for the Massarah open-pit stand at 17.3Mt grading 1.99g/t gold. Mining and ore processing for the Mansourah-Massarah gold project The conventional open-pit mining method involving drill-blast-load-haul operations will be employed for extracting ore from the Mansourah and the Massarah deposits. The run of the mine (ROM) ore will be trucked to a common processing facility for the recovery of gold through carbon-in-leach (CIL) and pressure oxidation (POX) processes. The Mansourah-Massarah processing plant will treat up to four million tonnes of ore to produce up to 250,000oz of gold a year. Infrastructure facilities The Mansourah-Massarah gold project site can be accessed through an access road from the Taif Highway that connects Taif with Jeddah. The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The gold mineralisation at both the deposits is found to be mostly hosted within stylolitic sulphidic quartz veins and listwaenite wall rock. Gold reserves at Mansourah and Massarah The Mansourah deposit is estimated to hold 27.7 million tonnes (Mt) of proven and probable ore reserves grading 5.06g/t gold, while the reserves estimates for the Massarah open-pit stand at 17.3Mt grading 1.99g/t gold. Mining and ore processing for the Mansourah-Massarah gold project The conventional open-pit mining method involving drill-blast-load-haul operations will be employed for extracting ore from the Mansourah and the Massarah deposits. The run of the mine (ROM) ore will be trucked to a common processing facility for the recovery of gold through carbon-in-leach (CIL) and pressure oxidation (POX) processes. The Mansourah-Massarah processing plant will treat up to four million tonnes of ore to produce up to 250,000oz of gold a year. Infrastructure facilities The Mansourah-Massarah gold project site can be accessed through an access road from the Taif Highway that connects Taif with Jeddah. The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The Mansourah deposit is estimated to hold 27.7 million tonnes (Mt) of proven and probable ore reserves grading 5.06g/t gold, while the reserves estimates for the Massarah open-pit stand at 17.3Mt grading 1.99g/t gold. Mining and ore processing for the Mansourah-Massarah gold project The conventional open-pit mining method involving drill-blast-load-haul operations will be employed for extracting ore from the Mansourah and the Massarah deposits. The run of the mine (ROM) ore will be trucked to a common processing facility for the recovery of gold through carbon-in-leach (CIL) and pressure oxidation (POX) processes. The Mansourah-Massarah processing plant will treat up to four million tonnes of ore to produce up to 250,000oz of gold a year. Infrastructure facilities The Mansourah-Massarah gold project site can be accessed through an access road from the Taif Highway that connects Taif with Jeddah. The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The conventional open-pit mining method involving drill-blast-load-haul operations will be employed for extracting ore from the Mansourah and the Massarah deposits. The run of the mine (ROM) ore will be trucked to a common processing facility for the recovery of gold through carbon-in-leach (CIL) and pressure oxidation (POX) processes. The Mansourah-Massarah processing plant will treat up to four million tonnes of ore to produce up to 250,000oz of gold a year. Infrastructure facilities The Mansourah-Massarah gold project site can be accessed through an access road from the Taif Highway that connects Taif with Jeddah. The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The run of the mine (ROM) ore will be trucked to a common processing facility for the recovery of gold through carbon-in-leach (CIL) and pressure oxidation (POX) processes. The Mansourah-Massarah processing plant will treat up to four million tonnes of ore to produce up to 250,000oz of gold a year. Infrastructure facilities The Mansourah-Massarah gold project site can be accessed through an access road from the Taif Highway that connects Taif with Jeddah. The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The Mansourah-Massarah processing plant will treat up to four million tonnes of ore to produce up to 250,000oz of gold a year. Infrastructure facilities The Mansourah-Massarah gold project site can be accessed through an access road from the Taif Highway that connects Taif with Jeddah. The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The Mansourah-Massarah gold project site can be accessed through an access road from the Taif Highway that connects Taif with Jeddah. The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The water requirement for the project will be met through the existing 450km-long Maaden-operated pipeline system that was developed to bring treated wastewater from Taif to the companys gold mine sites in the Kingdom. The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The electricity for the project will be supplied from an on-site 44MW hybrid power plant equipped with six Wrtsil 32 engines out of which five will be in operation and one on constant standby. The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

The power plant will utilise a hybrid between engine technology and photovoltaic (PV) solar energy. Mansourah-Massarah will be the first mining project in the kingdom to harness solar energy as a source of power. Contractors involved with the Mansourah-Massarah gold project A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

A consortium of Finnish technology company Outotec and Indian engineering and construction company Larsen & Toubro (L&T) was awarded the engineering, procurement, construction (EPC) contract for the Mansourah-Massarah mineral concentrator and gold processing plant in April 2019. Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

Outotec will be responsible for the engineering, procurement, and delivery of process equipment, as well as for the commissioning, start-up assistance, and training services. Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

Red Sea International Company was subcontracted by L&T to provide two camps and office complexes to support its construction activities at the project site in September 2019. L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

L&T selected Wrench SmartProject integrated project management software solution for the Mansourag-Massarah project in April 2020. Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

Wartsila, a mechanical and industrial engineering company based in Finland, was contracted by L&T to provide the engineering, equipment, and technical advisory for the 44MW hybrid power plant for the project in March 2020.

commercial credit report for saudi arabian mining company sjsc - report preview

commercial credit report for saudi arabian mining company sjsc - report preview

A partial report preview for Saudi Arabian Mining Company SJSC is shown below. Where indicated by "Yes," CreditRiskMonitor contains this information in its extensive database. To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today.

what are the major natural resources of saudi arabia? - worldatlas

what are the major natural resources of saudi arabia? - worldatlas

The kingdom of Saudi Arabia is a nation that is found in the Middle East, and it forms the larger part of the Arabian Peninsula and is bordered by Bahrain, Qatar, Iraq, Jordan, the United Arab Emirates, Kuwait, Oman, and Yemen. It occupies a land mass of 830,000 square miles making it the largest Middle Eastern country. The Kingdom is also bordered by both the Red Sea and the Persian Gulf. The countrys geology and size imply that the country has rich mineral resource deposits. Some of its primary natural resources include natural gas, petroleum, copper, gold, and iron ore. The country also recently began production of cement, low-grade bauxite, clay, propane, ethane, methane, and lead. The Arabian Shield located to the west of the country is particularly rich in gold, copper, silver, chromium, zinc, manganese, lead, tin, iron, tungsten, and aluminum. Sedimentary formations in the east are also known to contain feldspar, gypsum, salt, mica, and sulfur. Saudi Arabia is also a renowned source of rare and valuable minerals such as tantalum and niobium.

The country is ranked third globally in terms of natural resources wealth with the total value of natural resources valued at $34.4 trillion. Saudi Arabia is only beaten to the top spot by the US whose estimated value of natural resources is $45 trillion and Russia whose value of natural resources is estimated at $75.7 trillion. The nations GDP is $795.58 billion, and the meteoric rise of the nation's economy was primarily fueled by oil and gas extraction which turned the once underdeveloped nation into a modern state and global heavyweight.

Currently, the kingdom has the worlds second largest reserves of oil estimated at 268 billion barrels of oil. The deposits represent about 22% of the global oil reserves. Oil production in the nation began in the year 1933 while documented exports commenced in 1939. Currently, oil production dominates the nation's economy in terms of revenues generated. Oil deposits are found to the east of the country, the southern region near Kuwait and Iraq, and in the Persian Gulf. In 2017, the nation accounted for about 12.9% of global oil production, and the nation's oil reserves are estimated to last at least another 80 years at the current extraction rate of 10.2 million barrels per day.

Saudi Arabia currently has the sixth largest proven natural gas reserves estimated to be about 240 trillion cubic feet of proved natural gas reserves. About a third of the reserves are found in the eastern region of the country in the Ghawar region. The government has exercised tight controls on the production of gas in the country until recently. The Kingdom produced about 2,472 billion cubic feet of natural gas in the year 2008 and 3001.7 billion cubic feet of gas in 2015 representing a 2.7% annual increase in the output. The country is also among the worlds highest consumers of natural gas consuming around 3,813.9 billion cubic feet of natural gas. The increase in natural gas consumption is driven by the continued growth of natural gas's role in the nation's energy production. Despite the vast natural gas deposits, the Kingdom is not a notable exporter. The nation's natural gas deposits, however, contribute significantly to the Kingdoms energy security. In recent years the nation has also explored shale gas production. The country is expected to become a shale gas producer by the year 2020.

Gold mining was first carried in Arabia at around 3000 BCE. The second major resurgence in Arabian gold mining was in the Islamic Abbasid era between 750 CE and 1258 CE. Saudi Arabia's western region known as the Arabians shield consists of Pre-Cambrian rocks is particularly rich in gold deposits. Currently, over 600 gold deposit sites have been identified with mining taking place in only five of the sites. The mines include Sukhaybarat Mine, Bulghah Mine, Al Hajar Mine, Madh Ad-Dahab mine, and the Almar Mine. Gold extraction in the modern Kingdom began in 1939 and 1954 at Mahd Ad-Dahab during the reign of King Abdulaziz. The city of Mahd Ad-Dahab is located in the western part of the country about 191 miles northeast of the province of Madinah. Mining is mainly carried out through underground methods. Tunnel development is estimated to about 37 miles which are used to source for the ore which is then delivered to the metallurgical plant. About 183,425 tons of ore is mined at a grade of 0.0245 pounds of gold per ton. In the year 2007, mining operations resulted in the recovery of 58,256 ounces of gold. The largest gold mine in the country is Mahd Ad Dahab mine, which produced about 332,231 ounces of gold in 2017. The Sukhaybat Mine is located in the province of Al Qassim which is about 155 miles from Madh Ad-Dahab and 341 miles from Riyadh. The Bulghah mine is situated in the Al Madinah region of the country, and operations at the mine began in the year 2002, which are mainly known to process low-grade gold ore. The Al Hajar mine is situated in the southern parts of the kingdom about 441 miles from Riyadh, the capital city. Operations at the mine began in 2001 and produced about 1 ton of gold per annum. The Al Amar mine is found in the Ar Riyadh region, and it began operations in the year 2009 with the capacity of 220,262 tons per annum. The country is currently considering exploiting its untapped potential as global oil prices drop.

The Jalamid Phosphate mine in the northern regions of the country produces an estimated 11.6 million tons of phosphate raw material which are transported to the Ras Alkhair Port. Works are underway to establish the Waad Al-Shamal mine which is also found in the northern part of the country.

Aluminum in Saudi Arabia is produced through one of the most integrated projects in the world. It encompasses the Al Baitha Bauxite mine, an ore crushing facility situated 372 miles from Ras Al Khair, and a rolling mill. The facilities handle an estimated 4.4 million tons of bauxite.

Saudi Arabia is currently considering diversifying from the hydrocarbon-based economy as oil reserves continue to decline. The diversification plans involve encouraging other sectors of the economy such as the service and entertainment sectors. The plan dubbed vision 2030 also involved privatization of Aramco and adoption of nuclear energy as a counterweight to energy produced using hydrocarbons.

gcls used for airport runways in france, containment at gold mine in saudi arabia geosynthetics magazine

gcls used for airport runways in france, containment at gold mine in saudi arabia geosynthetics magazine

One of the largest infrastructure projects in Europe in recent years has been in Toulouse, France, at the Toulouse-Blagnac Airport and the adjacent Airbus-France facility where the new Airbus A-380s are built.

During the course of this construction project, hangars were built to house the wide-bodied A-380 planes. But in addition, the entire infrastructure of the complex was also realigned to accommodate the dimensions of the redesigned aircraft.

Runway No. 2, built originally as a test track for the supersonic Concorde, now serves the newest Airbus A-380s, currently in production. The necessary construction work included widening the 4-km runway by 2m to accommodate the 700-ton silver bird with its 80m wingspan.

The conceptual design and advisory services for this construction project were completed in cooperation with the airports operating company, ADP Aeroport de Paris, and consulting engineers, including the decision to use geosynthetic clay liners (GCLs) to seal the runway.

The entire system prevents any drainage water, contaminated by air and traffic, from polluting the groundwater. The projectfrom earthmoving activities; installation of sewer pipes, service lines and pipelines; and construction of roads and approach runwayshad to be completed within two months all without disruption to air traffic!

The Saudi Company for Precious Metals (SCPM) made provisions for a new tailing facility at the Sukhaybarat Gold Mine in Qaseem province for the containment of the tailing from the gold ore mining process, in accordance with a technical specification drawn up by engineering consultants.

To cope with the harsh chemical conditions of the containment and to ensure an environmentally safe solution, the designer specified a double-lined system that included a primary HDPE geomembrane and a needle-punched geosynthetic clay liner (GCL). The new tailing facility is approximately 580m x 380m surrounded by an embankment 7m high.

The total area, including the slopes of the embankments, was lined with 222.100m2 of a double-lined HDPE above the geosynthetic clay liner. The primary liner system was protected on the base area with nonwoven geotextile before placement of a 30cm-thick protective layer of heap-leach gravel. The gravel did not contain stones greater than 15mm in diameter.

A protective embankment and a layer of rockfill were created at one end of the tailing facility to slow the flow of tailing sand pouring into the tailing pond. The embankment and the protective layer were made of rockfill and a separation layer of geotextile was specified for this area prior to the positioning of the rockfill and also below the drain material and the drainage pipes. The project was completed in 13 weeks.

projects monty prestige engineering and consultancy limited

projects monty prestige engineering and consultancy limited

GOLDEN STAR RESOURCES LIMITED (GSRL) BOGOSO/PRESTEA MINE Changing of Ball Mill Trunnion bearing, Installation of a refurbished gearbox of the Ball Mill and the checking of drive train alignment on both mills.

AHAFO PROJECT By NEWMONT GOLD LIMITED Supervised in the Installation of a 34 X 18- 2 Sag Mill and 24 X 39 6 Ball Mill.Assisted in the Installation and commissioning of a 54 75 Gyratory and MP 800 Pebble Crushers.

saudi arabia pushes back on uae opposition to opec+ deal

saudi arabia pushes back on uae opposition to opec+ deal

DUBAI (Reuters) -Saudi Arabia's energy minister pushed back on Sunday against opposition by fellow Gulf producer the United Arab Emirates to a proposed OPEC+ deal and called for "compromise and rationality" to secure agreement when the group reconvenes on Monday.

It was a rare public spat between allies whose national interests have increasingly diverged, spilling over into OPEC+ policy setting at a time consumers want more crude to aid a global recovery from the COVID-19 pandemic.

OPEC+, which groups the Organization of the Petroleum Exporting Countries and its allies, voted on Friday to raise output by some 2 million barrels per day from August to December 2021 and to extend remaining cuts to the end of 2022, but UAE objections prevented agreement, sources had said.

"You have to balance addressing the current market situation with maintaining the ability to react to future developments ... if everyone wants to raise production then there has to be an extension," he said, noting uncertainty about the course of the pandemic and output from Iran and Venezuela.

The UAE said on Sunday it backs an output increase from August but suggested deferring to another meeting the decision on extending the supply pact. It said baseline production references - the level from which any cuts are calculated - should be reviewed for any extension.

"Big efforts were made over the past 14 months that provided fantastic results and it would be a shame not to maintain those achievements. ... Some compromise and some rationality is what will save us," the Saudi energy minister said.

"We are looking for a way to balance the interests of producer and consumer countries and for market stability in general, especially when shortages are expected due to the decrease in stockpiles," he added.

Responding to oil demand destruction caused by the COVID-19 pandemic, OPEC+ agreed last year to cut output by almost 10 million bpd from May 2020, with plans to phase out the curbs by the end of April 2022. Cuts now stand at about 5.8 million bpd.

OPEC+ sources said the UAE contended its baseline was originally set too low, but was ready to tolerate if the deal ended in April 2022. The UAE has ambitious production plans and has invested billions of dollars to boost capacity.

Prince Abdulaziz, who stressed Riyadh's "sacrifice" in making voluntary cuts, said no country should use a single month as a baseline reference, adding there was a mechanism to file objections and that "selectivity is difficult".

The regional alliance that saw Saudi Arabia and the UAE join forces to project power in the Middle East and beyond -- coordinating use of financial clout and, in Yemen, military force -- has loosened as national interests came to the fore.

North Dakota has sued the Biden administration over its suspension of new oil and gas leases on federal land and water, saying the move will cost the state hundreds of millions of dollars in lost revenue. President Joe Biden shut down oil and gas lease sales from the nations public lands and waters in his first days in office, citing worries about climate change. It seeks to force the U.S. Bureau of Land Management to reschedule two lease sales that were canceled and block the agency from revoking others in the future.

Paypal (PYPL)co-founder Peter Thiels $5 billion Roth individual retirement account balance has some members of Congress second-guessing the tax policies of these investment vehicles. Massachusetts Democratic Representative Richard Neal, who chairs the House Ways and Means Committee, has requested a proposal to stop IRAs from being exploited, he told ProPublica, which first reported about Thiels Roth IRA. ProPublicas report used tax documents to reveal the tech giants account grew from less than $2,000 in 1999 to $5 billion today, thanks in part to investments in private securities.

Melania Trump is back in New York City, and her potential semi-permanent relocation now has her teenage son, Barron Trump, joining her for an outing in the Big Apple. The mother-son pair were spotted leaving their Manhattan home (Trump Tower, of course) this past week on July 7, and it looks the youngest Trump, who []

Jessica Smith joins Myles Udland, Brian Sozzi, and Julie Hyman to discuss Biden's new executive orders focused on cracking down on Big Tech's anticompetitive practices and giving workers more leverage in the job market through promoting economic competition.

Deputy Director of the National Economic Council in the Joe Biden administration, Bharat Ramamurti, joins Yahoo Finance to discuss Bidens new executive order centered around improving workers' opportunities and how these three provisions will shape the labor market moving forward.

The last few months of Donald Trumps presidency were marred by chaos and confusion after he lost the election. One of the key moments to highlight those tumultuous days involved Rudy Giuliani and his campaign to get the election results overturned amid his allegations of voter fraud. The message behind that press conference was completely []

President Joe Biden's planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals, according to a source familiar with the matter. It will also ask the Consumer Financial Protection Bureau (CFPB) to issue rules giving consumers full control of their financial data to make it easier for customers to switch banks, the source said. The planned order, which is expected to be signed by Biden on Friday, is likely to chill M&A in the banking sector after a rash of deals unleashed by the Trump administration's more industry-friendly regulatory policy.

The Commerce Department added 34 foreign entities to an export blacklist on Friday for "acting contrary to the foreign policy interests of the United States," including 23 companies allegedly tied to the Chinese military or implicated in the genocide against Muslim minorities in Xinjiang.Why it matters: It's the Biden administration's latest effort to hold China accountable for its human rights abuses and restrict U.S. firms from doing business in Xinjiang, where Beijing is engaged in a campaign

Theres one thing President Biden could do immediately to stop the chaos in Haiti, which threatens to result in more violence and a possible refugee crisis: reverse former President Trumps disastrous 2017 decision to cut funding for the United Nations peace-keeping forces in that country.

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