The four blocks comprise two iron ore blocks, one combined reserve of iron ore and manganese, and one manganese reserve, while the date for holding the auction is yet to be decided, the official said.
Saudi Arabia is investing nearly $12 billion in steel projects to boost its production of the metal to face a large increase in domestic demand, a senior official has said.
Base metals miner First Quantum has entered into a memorandum of understanding with Australian junior Raiden Resources’ Mt Sholl nickel/copper/platinum group elements (PGE) project, in Western Australia.