What minerals will the Aramco-Maaden joint venture primarily explore, and where will the exploration activities take place?

The joint venture will primarily focus on copper exploration, alongside other energy transition minerals such as zinc, lead, and rare earth elements. Activities will take place across an area of approximately 182,000 square kilometers — equivalent to nearly 10% of Saudi Arabia’s total land area.

What is the ownership structure of the Aramco-Maaden mineral exploration joint venture, and how does it align with Saudi Arabia’s broader economic goals?

The joint venture is expected to be 51% owned by Maaden and 49% by Aramco. This partnership supports Saudi Arabia’s strategic effort to secure critical minerals like copper and lithium — essential for electric vehicles and renewable energy — and advances the kingdom’s goal of reducing reliance on hydrocarbon revenue through diversification into mining and other non-oil sectors.

Aramco and Maaden to form mineral exploration venture in Saudi Arabia

Aug 18, 2026

Saudi Aramco and Maaden plan a joint venture to explore copper and rare earth minerals across 182,000 sq km, targeting energy transition needs and economic diversification.

reuters

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