Download Prospectus
Linkedin

Kingdom Of Saudi Arabia

Building 7847 Unit.2 Najran 66244-3181

info@amak.com.sa

Office Hour: 08 AM to 05PM

CERTIFIED COMPANY

  • ISO 9001:2015
  • ISO 14001:2015
  • ISO 54001:2018
  • ISO/IEC 17025:2017
Linkedin
26 Aug, 24

The participation of Almasane Alkobra Mining Company (AMAK) in the activities of the Badr Al-Janoub Summer Festival 2024 AD.

The participation of Almasane Alkobra Mining Company (AMAK) in the activities of the Badr Al-Janoub Summer Festival 2024 AD.

Under the generous patronage of His Highness Prince JiluwiBin Abdulaziz Bin Musaed Al Saud, Governor of the Najran region, the activities of the Badr Al-Janoub Summer Festival 2024 were launched on Thursday, August 22, 2024, in Prince Mishaal bin Saud Park in the governorate.

His Highness toured the exhibitions accompanying the events, which included corners and pavilions representing the governorates of Badr Al-Janoub, Habona, and Thar, where he viewed a variety of agricultural, industrial, handicraft, and heritage products that these governorates are known for. In addition, he was informed about the health and social services provided to members of the community.

His Highness Prince JiluwiBin Abdulaziz Bin Musaed Al Saud, may God protect him, also visited the exhibition held by the AlmasaneAlkobra Mining Company (AMAK), where he viewed the products from the company's mines and some samples explored in the region. His Highness expressed his great admiration and interest in the mining industry in the region, praising the efforts made to enhance this vital sector, which significantly contributes to achieving sustainable development and supporting the national economy. He also expressed his appreciation for the role of local companies, such as the AlmasaneAlkobra Mining Company (AMAK), in responsibly and sustainably discovering and exploiting natural resources.

We, at the AlmasaneAlkobra Mining Company (AMAK), extend our sincere thanks and appreciation to His Highness Prince JiluwiBin Abdulaziz Bin Musaed Al Saud, may God protect him, for his continuous support and interest in developing the mining sector in the region, which serves as a great incentive for us to achieve more accomplishments and contribute to the prosperity of our region and our beloved country.

مشرفMedia
24 Aug, 24

The Minister of Industry and Mineral Resources during his meeting with investors at the Najran Chamber of Commerce

The Minister of Industry and Mineral Resources during his meeting with investors at the Najran Chamber of Commerce

His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al- Khorayef, met with investors at the Najran Chamber on August 21, 2024. Almasane Alkobra Mining Company (AMAK) attended this meeting, where His Excellency highlighted that the industry and mining system provides over 120 opportunities and incentives for developing industrial and mining projects.

His Excellency emphasized that these initiatives are designed to help investors capitalize on promising opportunities and overcome any challenges they may face in their investment journey.

The Minister also underscored the efforts to advance the mining sector in the Kingdom, including the development of the mining sector in the Najran region. This area features 27 mining complexes covering 5,475 square kilometers, 4 mineral reserve sites spanning 70 square kilometers, and 71 active mining licenses.

During the meeting, representatives from the industry and mining system offered advisory sessions to investors and reviewed the unique opportunities provided by the National Industrial Strategy and the comprehensive Mining Sector Strategy of the Kingdom.

مشرفMedia
08 Aug, 24

Eng. Savas Sahin, Board Member and Chairman of the Executive Committee at Almasane Alkobra Mining Co. (AMAK), said revenues during the second quarter of 2024 increased by SAR 83 million (70%) compared to the same period of 2023.

AMAK sees better results in Q3: Board Member

Eng. Savas Sahin, Board Member and Chairman of the Executive Committee at Almasane Alkobra Mining Co. (AMAK), said revenues during the second quarter of 2024 increased by SAR 83 million (70%) compared to the same period of 2023.

He told Argaam that this growth was driven by higher production volume due to better operational performance.

"Overall, our copper and zinc revenues were 91% and 159% higher, respectively, compared with last year," Sahin noted, adding that the company's production is expected to be better than Q2 and the financial performance depends on the realized metal prices in Q3.

In Q2 2024, AMAK produced 63% more copper concentrate and 58% more zinc concentrate than last year, thanks to its second base metal mine, Moyeath Process Plant, being commissioned in this quarter.

"Gold production stayed almost in line with last year (only 4% lower) but higher gold prices helped us beat last year’s gold revenues," Sahin said, adding that revenue from gold increased by SAR 2.3 million.

Although gold prices increased by 11% year-on-year (YoY), it was partly offset by a 4% decrease in quantities sold during current quarter.

Net profit during the second quarter increased by SAR 51 million compared to a year earlier, driven by a SAR 55 million rise in gross profit, thanks to better controlling of costs, with a decrease in general and administrative expenses and finance costs despite higher selling and marketing expenses as well as tax and Zakat charges.

Read More
مشرفMedia

AMAK is one of the pioneers in the mining industry in the private sector in KSA. It is one of the largest producers of zinc, copper, gold and silver, which puts us at the forefront of the sector to create an added value chain with an effective economic impact

FAX

017 – 5238722

Main Menu

About Us

Download Prospectus

Address

NAJRAN
Building 7847 Unit.2 Najran 66244-3181, Kingdom of Saudi Arabia.
Arabia Fax: 017-5238722
Telephone: 017-5292264
Email : info@amak.com.sa
JEDDAH
Al-Amoudi Building, 5th floor, Office No. 506, Al-Madina Almonawara Main Road, Jeddah Kingdom of Saudi Arabia
Tel: 012 – 216 2699
Copyright@2022 All Rights Reserved AMAK
Linkedin