RIYADH: Ƶ is expecting to start production from two major gold mines in mid-2022, Al Eqtisadiah reported.
The Mansoura and Masarah SR3.3 billion ($880 million) gold mine project in Al Khurmah Governorate in the Makkah region will have a production capacity of 250,000 ounces of gold and silver.
The number of workers in the mine in the construction phase exceeds about 4,500 employees, with a localization rate of 20 percent.
The total employees will reach 900 in the operation stage, with a localization rate of 49 percent. The mine will process the ore using “Autoclave” technology, a unique technology for extracting gold that is used in five locations around the world.
