Aramco and Maaden Form Venture to Tap Saudi Arabia’s $2.5 Trillion Mineral Wealth

Saudi firms Aramco and Maaden form a mining joint venture

Saudi Arabia’s state-owned mining company Maaden is tapping oil giant Aramco for technical expertise as it accelerates efforts to survey the kingdom for copper, zinc, and other minerals crucial to the energy transition. The two firms have formalized a joint venture that will combine Aramco’s geospatial data with Maaden’s mining expertise to explore about one-tenth of Saudi Arabia’s land. The partnership, first unveiled in January 2025, is expect…

Aramco, Maaden form mining JV to explore nearly 10% of Saudi Arabia’s land

Aramco and Maaden have signed an agreement to establish a joint venture targeting copper and other critical minerals across 182,000 square kilometers, nearly 10% of Saudi Arabia's total land area.

Aramco and Maaden form venture to tap Saudi Arabia’s $2.5 trillion mineral wealth

Venture to explore 182,000-square kilometre zone for copper, zinc, lead and rare earth deposits

Aramco and Maaden Form JV for Saudi Arabia

Oil major Aramco has formed a joint venture (JV) with Saudi miner Maaden to unlock new opportunities in mineral exploration and hard-rock mining in the Kingdom of Saudi Arabia. The JV would focus on copper and other minerals critical to the energy transition. Plans for the JV were first disclosed in January 2025. The JV is expected to be owned 51% by Maaden and 49% by Aramco, and would focus on exploration across Zone-4, also known as the Transi…

Aramco and Maaden sign shareholders’ agreement to form joint venture to unlock new frontier for mineral exploration and hard-rock mining in Saudi Arabia

- • Joint venture would combine Aramco's subsurface knowledge, advanced AI tools, and powerful computational capabilities with Maaden's mining and mineral exploration expertise - • Exploration activities to mainly focus on copper, alongside other energy transition minerals, in a zone equivalent to nearly 10% of Saudi Arabia's total land area - • Joint venture aims to accelerate discovery, advancing Saudi Arabia's role in the global energy transi…

Aramco and Maaden team up in hunt for Saudi copper

Saudi oil company Aramco and mining business Maaden are setting up a new joint venture to investigate exploration opportunities for minerals critical to the energy transition. Maaden will own 51 percent while Aramco will hold 49 percent in the new company, which will focus on exploration across Zone 4, known as the Transition Zone in the western part of the Arabian desert. The expected exploration area will span about 182,000 sq km, nearly 10 pe…