BURIED TREASURE
Saudi Arabia to spend $2.3 billion on mining gold and phosphates
Saudi Arabia controls more than 320 tons of gold reserves in local and foreign banks, the largest in the Arab world and 18th worldwide
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An employee walks in a phosphate storage facility in the Maaden Aluminium Factory in the Ras Al-Khair Industrial area
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Saudi Arabia’s Ma’aden mining company is preparing to make major new investments this year to draw gold and phosphates from the kingdom’s vast desert territory.
The Saudi government plans to spend close to $2.3 billion on mining projects for...