Client has launched the prequalification round for the project. The data room of Umm Ad Damar is now available and includes all historical work conducted on the site as well as a 3-D geological model produced by an independent consultant. The data room also includes a recent geophysics surveying completed by the Saudi Geological Survey back in January 2022. Interested bidders for the Umm Ad Dammar are invited to submit a pre-qualification questionnaire which can be found in https://mining.mim.gov.sa/
Client has announced the names of 13 companies that won in the pre-qualification stage to participate in the tender to obtain an exploration license at Umm Ad Damar mining site. Qualified bidders include Saudi Arabian Mining Co. (Maaden), Al-Masane Al-Kobra Mining Co. (AMAK), African Rainbow Metals Co. Ltd., Abdulrahman Saad Al-Rashed & Sons Co., Barrick Gold T7 Ltd., and ERG Arabia Ltd., and an alliance between Moshico Resources, Ajlan & Bros. Mining Com., Yallmaden Limited, Yancol Australia Limited, UDS Golden Group, Saudi Alara Ventures, Vedanta Limited and Noreen Mining.
The ministry added that the announcement of qualified bidders marks the end of the first stage of the bidding process, to obtain a license to inspect the Umm Ad Damar site. This will be followed by submission of bids and public tender. The ministry will also hold a workshop this month for qualified bidders to clarify more details about the upcoming stages. Bids will be evaluated based on a number of criteria, including technical efficiency, financial, environmental and social capacity, as the information room was provided with previous technical data, including an independent technical report and a three-dimensional geological model.
Client has invited companies to register in the second licensing round of Umm Ad Damar. The qualification stage will be finalised by July 17, 2022.
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