Metal Bank Limited (AU:MBK) has released an update.
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Metal Bank Limited has announced the establishment of a joint venture company with the Central Mining Holding Company in Saudi Arabia, marking a significant milestone in its Middle East and North Africa (MENA) expansion strategy. The new partnership, which sees Metal Bank holding a 60% stake, has been granted a Mining Investment License to explore and mine in the region, leveraging a strong relationship from previous successful collaborations. This venture enhances Metal Bank’s portfolio of copper projects and aligns with its ongoing efforts to acquire and develop precious metals projects within the Saudi Arabian mining sector.
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