Aramco and Ma'aden to Explore Hard Rock Mining

Saudi Aramco and Ma’aden signed a joint venture agreement aimed at exploring and mining minerals, especially copper, in the Ruba Al Arab region of Saudi Arabia. This area spans 182,000 square kilometers and is one of the largest exploration zones in the kingdom. The project focuses on utilizing advanced technologies such as artificial intelligence and high-performance computing to accelerate the discovery of critical minerals for the energy transition. Copper accounts for approximately 20% of the mineral market, valued at over $1.2 trillion, and is expected to grow to $400 billion by 2035. The project seeks to enhance Saudi Arabia's position in the global minerals market and meet the rising demand for transition minerals, with Ma’aden expected to hold 51% of the project and Aramco 49%.

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