Saudi Arabia publicizes discovery of gold, copper deposits in Madina | World News

Saudi Arabia introduced the invention of recent websites for gold and copper ore deposits within the Madinah area earlier this week.

The Saudi Geological Survey (SGS), represented by the Survey and Mineral Exploration Centre stated that the discoveries of gold deposits had been performed throughout the boundaries of the Aba Al-Raha within the Madinah area, Saudi Press Company (SPA) reported.

Moreover copper ore was additionally discovered throughout 4 websites within the Al-Madiq space in the identical area, the report stated.

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The discoveries of gold and copper are anticipated to draw funding as much as $533 million and generate round 4,000 jobs, reported Al Arabiya whereas serving to the nation to maneuver previous its financial dependence on oil.

Saudi Arabia stated earlier this yr that the nation was trying to entice $170 billion value of funding in its mining sector by the top of the last decade. Nonetheless, the tempo of mine improvement and exploitation has been gradual, Al Arabiya stated in its report.