Hot News 03/10/2025 00:07

Saudi Arabia Announces Major Gold Discovery Near Mecca, Boosting Mining Ambitions

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Saudi Arabia has announced the discovery of significant new gold resources in the Makkah region, marking an important step in the country’s drive to expand its mining sector and diversify its economy beyond oil.

Discovery in the Heart of the Arabian Shield

The Saudi Arabian Mining Company (Ma’aden) revealed that exploration drilling near its existing Mansourah Massarah mine uncovered promising gold-bearing zones. Early analysis indicates high-grade samples in certain drill sites, with some reaching more than 10 grams of gold per ton of ore.

The newly identified mineralization lies in the geologically rich Arabian Shield — a region long known for hosting gold and copper deposits but still underexplored by modern mining standards. Initial surveys suggest the gold-bearing structures could extend far beyond the currently mapped area, potentially forming part of a larger gold belt in western Saudi Arabia.

Part of a National Economic Strategy

This discovery aligns with Saudi Arabia’s Vision 2030, the country’s long-term plan to reduce reliance on oil revenues and build a stronger mining and minerals sector. Authorities have previously identified mining as a key “third pillar” of the economy, aiming to unlock an estimated $1.3 trillion in untapped mineral wealth.

Gold, alongside phosphate, bauxite, and rare earth minerals, plays a central role in that strategy. New deposits near Mecca strengthen the case for attracting global mining investments and technology partnerships.

Mining Industry Expansion

Ma’aden, already the Kingdom’s largest mining firm, is accelerating exploration programs and modernizing its approach with advanced geoscientific tools and drilling technologies. The company aims to turn discoveries like this one into sustainable production that can support local job creation and downstream industries such as refining and jewelry manufacturing.

While officials have spoken of the potential for a gold-bearing zone stretching for many kilometers, the exact scale remains under evaluation. Geologists caution that proving reserves requires extensive drilling and resource modeling to confirm commercial viability.

Economic and Regional Impact

For communities in the Makkah region, the find could create new opportunities beyond the religious tourism economy. Mining-related infrastructure and supporting services — from logistics and construction to technical expertise — may help diversify income sources in the area.

The discovery also adds momentum to Saudi Arabia’s ambition to position itself as a regional hub for mining and minerals investment. By encouraging exploration and regulatory reform, the country hopes to join the ranks of the world’s leading gold producers.

A Promising Yet Careful Outlook

Experts note that while early results are encouraging, gold discoveries move through a long process before reaching full-scale production. Confirming the size, quality, and economic feasibility of the deposit will take time and further exploration.

Still, the announcement signals confidence in Saudi Arabia’s geological potential and reflects the country’s determination to broaden its resource base. As global demand for gold remains strong, the find could eventually add significant weight to the Kingdom’s non-oil economy and reinforce its place on the world mining map.

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