Almasane Alkobra Mining Company (AMAK) has launched a comprehensive growth strategy aimed at strengthening its position in the regional mining industry by 2025. This plan includes bidding for new exploration licenses and increasing production capacities across key projects.
A major focus of AMAK’s strategy is the development of the Khutainah project, where it will ramp up gold production. The company also plans to expand gold deposits at nearby sites, including Sukari 1, Sukari 2, and Alaqiq, according to a statement issued to the Saudi stock exchange on Monday.
AMAK will also work to enhance operational efficiency and infrastructure, with plans to begin underground mining at the Guyan gold mine. Additionally, iron oxide production will commence at the Nuham site within three months of securing the final mining license.
To support its long-term growth, AMAK is establishing a new drilling and exploration company. The company will also build new facilities to expand dry tailings storage using sustainable, environmentally friendly methods.
As part of its efforts to diversify, AMAK aims to strengthen its portfolio by acquiring additional exploration licenses for promising base and precious metal sites. It will also extend its activities to include the exploration and mining of industrial minerals.
In a move towards sustainability, AMAK has begun connecting its facilities to the national electricity grid, with the goal of reducing carbon emissions and improving operational efficiency.