For selecting the mining complex, you can view all approved mining complexes through the mining complexes registry service available on the mining platform.
Mining Upstream – Quarries
why invest in Mining Upstream – Quarries ?
The future growth potential of the mining sector is significant and will unfold new growth for the industrial, energy, and logistics sectors
Approval of the new Mining Investment Law by the Saudi Council of Ministers to enable and enhance the Mining Sector
The mining value chain can contribute more than SAR 281 billion to GDP, create more than 256,000 new job opportunities, and reduce net imports to no less than SAR 37 billion
Maximizing the added value of metallic ores by improving the value chains of mineral industries in partnership with the private sector
Investor Journey
01
01
Selection of Mining Complex
02
02
Request for a Building Materials Quarry License in the Complex (Exclusive Right)
03
03
Quarry Development and Start of Production and Ore Processing
04
04
Site Rehabilitation
01
01
Applying for a Foreign Investment License
02
02
Selection of Mining Complex
03
03
Request for a Building Materials Quarry License in the Complex (Exclusive Right)
04
04
Quarry Development and Start of Production and Ore Processing
05
05
Site Rehabilitation
Selection of Mining Complex
Request for a Building Materials Quarry License in the Complex (Exclusive Right)
Building materials quarry license gives the investor the right to mine and exploit the specified Class C minerals. In addition, it allows the investor to transfer and sell the exploited minerals along with full operational rights.
License duration:
Doesn’t exceed 10 years, and can be extended, where each extension shouldn’t exceed 5 years.
Requirements:
- Study of the environmental and social impacts
- Rehabilitation and closure plans
- The license applicant must have technical sufficiency, financial ability, and feasibility study
- Financial guarantee mechanism for rehabilitation and closure
Application Process Duration:
30 days maximum
License cost:
- Application fee is SAR 10,000
- Issuance fee is SAR 20,000
- Renewal fee is SAR 20,000
Quarry Development and Start of Production and Ore Processing
You can begin to develop and operate the quarry, and to produce and exploit the minerals specified in the license. You can also transfer, sell and export the treated minerals in their original condition, or after purification in accordance with the terms and conditions of the license.
will also need to submit annual reports of exploitation to the Ministry of Industry and Mineral Resources.
will also need to submit annual reports of exploitation to the Ministry of Industry and Mineral Resources.
Site Rehabilitation
You must obtain the approval of the Ministry of Environment, Water and Agriculture for the rehabilitation according to the approved plan. The rehabilitation process shall include:
- Minimizing Environmental Impact
- Ensuring Public Health and Safety
- Maintaining Water Quality
- Removing Waste and Hazardous Materials
- Preserving the Site and Protecting it from Collapse
Foreign Investment License through Ministry of Investment
To invest as a non-Saudi Citizen, you must apply and obtain a foreign investment license from the Ministry of Investment (MISA).
Fees:
- Annual fees of 12,000 Saudi Riyals for the first year.
- Annual fees of 62,000 Saudi Riyals for any following year.
Time Frame:
One (1) Business Day
Documents Required:
- A copy of the Commercial Registration from your home country.
- A financial statement for one fiscal year.
- Both documents should be validated by the Saudi Embassy and the Ministry of Foreign Affairs in your home country.
Selection of Mining Complex
For selecting the mining complex, you can view all approved mining complexes through the mining complexes registry service available on the mining platform.
Request for a Building Materials Quarry License in the Complex (Exclusive Right)
Building materials quarry license gives the investor the right to mine and exploit the specified Class C minerals. In addition, it allows the investor to transfer and sell the exploited minerals along with full operational rights.
License duration:
Doesn’t exceed 10 years, and can be extended, where each extension shouldn’t exceed 5 years.
Requirements:
- Study of the environmental and social impacts
- Rehabilitation and closure plans
- The license applicant must have technical sufficiency, financial ability, and feasibility study
- Financial guarantee mechanism for rehabilitation and closure
Application Process Duration:
30 days maximum
License cost:
- Application fee is SAR 10,000
- Issuance fee is SAR 20,000
- Renewal fee is SAR 20,000
Quarry Development and Start of Production and Ore Processing
You can begin to develop and operate the quarry, and to produce and exploit the minerals specified in the license. You can also transfer, sell and export the treated minerals in their original condition, or after purification in accordance with the terms and conditions of the license.
will also need to submit annual reports of exploitation to the Ministry of Industry and Mineral Resources.
will also need to submit annual reports of exploitation to the Ministry of Industry and Mineral Resources.
Site Rehabilitation
You must obtain the approval of the Ministry of Environment, Water and Agriculture for the rehabilitation according to the approved plan. The rehabilitation process shall include:
- Minimizing Environmental Impact
- Ensuring Public Health and Safety
- Maintaining Water Quality
- Removing Waste and Hazardous Materials
- Preserving the Site and Protecting it from Collapse