Saudi Arabian Mining Company Looks to Double Gold Production By 2030
Yahoo Finance·2025-09-22 13:10
Saudi Arabian Mining Company (Ma’aden) is accelerating a minerals push that goes far beyond gold. Chief executive Bob Wilt said the Riyadh-listed miner aims to double gold output by 2030 while building a domestic rare-earths supply chain, anchoring Saudi Arabia’s bid to diversify away from oil under Vision 2030. The strategy is unapologetically about “speed and scale,” he told the Financial Times, but with discipline: organic growth first, selective M&A second. The backdrop is strong. Majority-owned by th ...