19
Sep
16:35
Saudi accelerates mineral development, ore deposits support steelmakers
Saudi Arabia has 869 million tonnes of discovered iron ore resources that could be developed to secure raw materials for the country’s steelmakers, according to Saudi Geological Survey (SGS) president Hussain Alotaibi.
The largest deposit is Wadi Sawawin, located northwest of Madinah, which possesses 429mt of 40% Fe hematite, magnetite and limonite ore. Southwest of Riyadh, the Jabal Idsas deposit contains 306mt of 19-55% Fe hematite and limonite ore. The …
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Anonymous
Very good overview of the weekly steel market.
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