Ann: Corporate Update and Projects Update - Oman , page-21

re: Ann: Corporate Update and Projects Update... The Al Masane Al Kobra Mining Company (AMAK)have a nice small, but rich mine, there's a Chinese contractor in there as mine operator.


Al Masane was mined in ancient times, the latest activity being during the Abbasid Caliphate about 1200 years ago.
http://amak.com.sa/index.php/about-us/company-history/

In December 2008, ARSD transferred the Al Masane mining leases and certain other assets and liabilities to AMAK. In consideration for this transfer to AMAK, Arabian American Development Company holds 41% of the issued and outstanding shares of AMAK. AMAK has secured, with the contributed equity and through loans from the Saudi Industrial Development Fund, the necessary funds to complete the Al Masane Project, The head office of AMAK is located in Jeddah, Saudi Arabia.
On average the process plant will annually produce 35,000 tonnes of copper concentrate containing precious metals and 45,000 tonnes of zinc concentrates. On an average 7,600 oz of gold and 193,000 oz of silver in dore will be produced annually.
http://www.arabianamericandev.net/AMAK/company_info.html