Saudi Arabia and Sudan had earlier planned to produce within three years gold, silver and copper in large quantities from the bottom of the Red Sea, trying to execute a project in planning for almost four decades.
RIYADH(BullionStreet): Nearly five years after the Saudi government opened up the land for large-scale commercial exploration and production of gold,new generation fortune hunters are seeking the yellow metal under it's sands.
Saudi Arabia, which sits on vast oil reserves has intensified its effort to divert its income sources and looked for gold in particular these days, analysts said.
In the latest devolopment, KEFI Minerals revealed positive drill results from the Jibal Qutman project and laid out potential plans that could see early production. ...