Aramco and Maaden to Launch Major Mining Joint Venture in Saudi Arabia

Aug 19, 2026

64 min

Aug 19, 2026 13:32

Aramco, Maaden plan mining JV across area nearly 10% of Saudi Arabia

## New Mining Initiative

Saudi Arabia's Aramco and Maaden have announced plans to establish a joint venture aimed at mineral exploration and mining. This initiative will cover approximately 182,000 square kilometers, nearly 10% of the country's land area.

## Focus on Key Minerals

The venture will primarily target copper, with additional exploration for zinc, lead, and rare earth elements. These minerals are crucial for industries such as electric vehicles, renewable energy, and power networks.

## Strategic Zone

Exploration will be concentrated in Zone-4, also known as the Transition Zone, which runs parallel to the Arabian Shield. This area represents a new opportunity for both companies to expand their mining activities.

## Combining Expertise

Aramco will leverage its extensive geological and geophysical data, along with advanced computing and AI technologies, to enhance exploration efforts. Maaden will contribute its expertise in mining and mineral exploration.

## Market Potential

Copper is a significant focus due to its growing demand in various sectors. The copper market is currently valued at $250 billion and is expected to surpass $400 billion by 2035.

## Approval Process

The joint venture is subject to corporate and regulatory approvals, including antitrust clearance. The agreement was initially revealed in January 2025, and the companies are working towards fulfilling necessary conditions for its establishment.

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