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Aramco and Maaden Sign Joint Venture to Explore Transition Minerals in Saudi Arabia

Saudi Aramco logoSaudi Aramco
Sig3.15Sen+4.25Env+1.55Soc+1.25Gov+1.40
Ma'aden logoMa'aden
Sig2.72Sen+6.15Env0.00Soc0.00Gov+1.12

Saudi Aramco and Maaden signed a shareholders’ agreement to form a jointly owned joint venture to advance mineral exploration and hard-rock mining in Saudi Arabia, targeting copper and other energy-transition minerals. Maaden will hold 51% and Aramco 49%. The exploration area spans a 100 km-wide zone parallel to the Arabian Shield, leveraging Maaden’s expertise and Aramco’s regional knowledge to accelerate low-cost discovery.

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