trending Market Intelligence /marketintelligence/en/news-insights/trending/52bodfwndbfjncy9-my3sw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Alara Resources reveals potential buyer of Saudi subsidiary

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Alara Resources reveals potential buyer of Saudi subsidiary

Alara Resources Ltd. has revealed the potential buyer of its Saudi subsidiary Alara Saudi Operations Pty. Ltd. as Riyadh-based Metals Corners Holding Co., which is understood to be linked to one of the shareholders of United Arabian Mining Co. LLC, whose four-year case against the ASX-listed junior was just dismissed by a local judge.

Prompted by the ASX, Alara emerged from a trading halt on Oct. 10 to reveal the company which made the offer referred to in the Oct. 3 announcement of the case's dismissal, sending the stock up by nearly 20%.

Alara has met with Saudi government officials since that decision to discuss a path forward for the Khnaiguiyah zinc-copper project, with more meetings planned for later this month, though the Perth, Australia-based junior said the asset will only become a priority for it if a mining license is granted. Al Hadeetha and Alara's other copper projects in Oman are its focus.

The junior revealed that Metals Corners offered to buy the subsidiary for 1 million Saudi Arabian riyals, or about A$377,000, payable on Nov. 1, though disclosing the amount could potentially reduce the amount which any other interested party would be prepared to offer for it.

However, the offer does not include the purchase of the Khnaiguiyah feasibility study, which Alara will keep until it reaches an agreement to sell it.