Ajlan & Bros - Mining
-
Ajlan & Bros Group is contributing to making the mining and metal sector the third pillar of industry in Saudi Arabia. Investments have positive impact on Saudi society and positive contribution to the economy as per Vision 2030.
The Group will invest $13 Billion with the National Industrial Development and Logistics Program (NIDLP) over the next ten years and the cooperation agreement was signed under the patronage and presence of the Minister of Industry and Mineral Resources, H.E. Bandar bin Ibrahim Alkhorayef, Chairman of the Program Committee, and Mohamed bin Abdulaziz Alajlan, Deputy Chairman of Ajlan & Bros Group.
The Holding has already signed multiple JVs with the world’s leading players in the Mining and Metals sectors and continues to attract foreign direct investment.
1- Khnaiguiyah & MoxicoThe Khnaiguiyah Zinc Project is an advanced-stage zinc and copper project located 170 km west of Riyadh. The Ajlan & Bros–Moxico Consortium’s bid of USD 73 million, in the first-ever multi-round auction for a Saudi mining license, was recently announced as the winning bid for Khnaiguiyah. The consortium is progressing with the project, engaging with local communities, and beginning the construction and development of mining operations.
2- Bir UmqThe Bir Umq exploration license, awarded to the Ajlan & Bros–Norin Consortium in February 2024, focuses on mining sector activities with anticipated minerals including gold, copper, and zinc. The project will be developed through a joint venture with Norin Mining, with Ajlan & Bros holding 49% and Norin Mining holding 51%. Development during the exploration phase amounts to SAR 125 million.
3- Jabal Sayid and South Al-HijarThrough strategic alliances, Ajlan & Bros Holding Group has successfully secured two exploration licenses for Jabal Sayid and South Al-Hijar, covering a total area of 2,050 sq km.
3.1- Jabal Sayid – Second Exploration License:- A joint venture between Ajlan & Bros and China’s Zijin Mining, with an investment of SAR 62 million for exploration over an area of 1,061 sq km.
3.2- South Al-Hijar Exploration License:- A joint venture between Ajlan & Bros and Noreen Mining, with an estimated investment of SAR 209 million for exploration across 989 sq km in the South Al-Hijar region.
4- AHK JVAjlan & Bros Mining has formed a joint venture with the Alfred H. Knight Group, one of the world’s leading companies in providing analytical services for the mining industry. The JV aims to establish a new analytical facility and metallurgical laboratory in Saudi Arabia, both of which are vital services supporting the rapid growth of the mineral exploration sector in the Kingdom. The laboratory is expected to begin receiving samples in 2026.
5- Shandong Gold Joint VentureThe Al Duwayhi West gold project is a joint venture between Ajlan & Bros Mining and Shandong Gold, the largest producer of gold in China. The property is located immediately to the west of the Al Duwayhi gold mine. Five licenses, totaling 422 km², were successfully secured in the Round 9 auctions, with a total work program value of SAR 54 million.
6- Al Rashed Joint VentureThe Wurshah gold project is a joint venture between Ajlan & Bros Mining and Al Eitilaf Al Momayaz, part of the Artar Group of Companies. The project features extensive drilling completed by a previous operator and is expected to offer an opportunity for rapid development of a new gold mine, subject to results. A work program of SAR 265 million is planned to be invested by the joint venture, aimed at advancing the project toward rapid production.