The Ministry of Industry and Mineral Resources, represented by the Compliance and Mining Inspection Agency, conducted 905 inspection tours of various mining sites across the Kingdom during the past month of December. It issued 2,632 warnings to facilities violating the Mining Investment System.
The official spokesperson for the Ministry of Industry and Mineral Resources, Mr. Jaraah bin Muhammad Al-Jaraah, clarified that the warnings were issued in accordance with the principle of issuing a warning before enforcing a violation, aiming to increase compliance among licensed entities.
Al-Jaraah confirmed the Ministry's determination to continue carrying out inspection tours to monitor mining activities, ensure the protection of the sector from illegal practices, preserve mineral resources for optimal exploitation, and safeguard communities near mining areas. This also includes implementing the Mining Investment System’s regulations to ensure the sustainability of the sector.
The Ministry of Industry and Mineral Resources aims to increase the value derived from the Kingdom's natural mineral resources and enhance the attractiveness of the sector for investment. This aligns with Vision 2030's objectives to make mining the third pillar of national industry, contribute to diversifying national income sources, and grow non-oil revenues. The value of the Kingdom’s mineral wealth is estimated at approximately 9.3 trillion riyals, representing a 90% increase compared to the figure announced in 2016.
