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Saudi Aramco and Maaden Agree Joint Venture to Explore Transition Minerals

Saudi Aramco logoSaudi Aramco
Sig2.94Sen+2.96Env-0.86Soc+0.56Gov+1.08
Ma'aden logoMa'aden
Sig3.23Sen+3.48Env-0.52Soc+0.34Gov+1.21

Saudi Aramco and Maaden signed a shareholders’ agreement to form a joint venture to pursue mineral exploration and hard-rock mining in Saudi Arabia. The JV will focus on copper and other energy-transition minerals in Zone-4, covering about 182,000 square kilometers, and is planned to be owned 51% by Maaden and 49% by Aramco.

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