Al-Masane Al-Kobra Mining Company (AMAK), one of Saudi Arabia’s largest publicly listed mining companies, has made remarkable strides since its inception, contributing significantly to the Kingdom’s mining industry. In an interview with Geoff Day, CEO of AMAK, we explored the company’s rich history, growth, and future aspirations as it aligns with Saudi Arabia’s Vision 2030.

AMAK’s Journey: From Discovery to a Major Mining Player
AMAK’s story began in 1967 when mineral deposits were discovered during an airborne geophysics survey of the Arabian Shield. “This discovery laid the foundation for what has become one of Saudi Arabia’s largest mining companies,” explained Geoff. A key milestone occurred in 1993 when the Arab American Shield Development Company was granted a mining concession, eventually leading to AMAK’s formal establishment in 2008.

Since then, AMAK has achieved several significant milestones. In 2010, the company commenced construction of the Al Masane Copper Zinc Underground Mine and Process Plant. By 2012, it marked the start of commercial production of copper and zinc concentrates, a major turning point for the company. “Diversifying our product portfolio was crucial,”; said Geoff, referring to the 2017 addition of gold and silver doré production.
AMAK’s growth continued with the inauguration of the Moyeath orebody in 2019, followed by the commissioning of the Guyan Gold Mine and processing plant in 2021. By 2022, AMAK’s successful IPO on the Saudi Stock Exchange (Tadawul) set the stage for further expansion, including the development of the Moyeath processing plant.

“This journey has taken us from one portal and one process plant in 2017 to producing high-quality copper and zinc concentrates, along with gold and silver doré, in just seven years,” Geoff highlighted.

Geoff Day’s Journey in the Mining Industry

Day’s career path mirrors the dynamic nature of AMAK’s growth. With a degree in geochemistry and over 35 years in the mining sector, he has worked across various services for Rio Tinto and serving as COO for Newcrest, Australia’s largest gold company, Day brings a wealth of experience to AMAK. “I have had the privilege to experience all aspects of the mining business,” he reflected, “from exploration and operations to M&A and closure.”
Day’s leadership and vision for AMAK have been instrumental in steering the company through its recent expansions and positioning it for sustainable growth.

Strategic Initiatives for Sustainable Growth

At the core of AMAK’s strategy for the future is its focus on sustainable growth and market expansion. “Our Strategic Initiatives for Sustainable Growth and Market Expansion for 2025 and beyond will see us reaching new heights,” Geoff explained. This growth plan includes both operational excellence and an aggressive exploration strategy for AMAK’s 21 licences, covering base and precious metals as well as industrial minerals. Key initiatives include the development of the Khutainah Gold Project, the expansion of satellite pits to supplement gold production, and the advancement of the Nuham Iron Ore Project. Additionally, AMAK has launched a wholly-owned drilling company to accelerate exploration activities across its licences.

“This strategy not only strengthens our business but also aligns us with Saudi Arabia’s Vision 2030,” said Geoff. The company’s exploration efforts and its commitment to national procurement are set to drive significant economic benefits for the Kingdom.

Technological and Sustainable Innovation

AMAK is embracing technology and digital transformation to enhance its mining operations. According to Day, the company is leveraging advanced technologies like prospectively mapping to identify new mineral deposits more efficiently. “The integration of digital tools into our operations is vital for improving efficiency and making more informed decisions,”; Geoff noted, highlighting upcoming systems like Reconcilor, which will allow real-time tracking of metals from the mine to the smelter.

In terms of sustainability, AMAK is taking significant steps in water and waste management, and exploring the use of hydrogen-powered vehicles to reduce its carbon footprint. “We recycle nearly all our water across the site and are exploring innovative waste management solutions, such as creating topsoil for revegetation programs,” Geoff explained.

AMAK’s Role in Saudi Arabia’s Vision 2030

AMAK’s growth and strategic initiatives are closely aligned with Saudi Arabia’s Vision 2030, which emphasises economic diversification and sustainable development. “Our strategic plan fully supports the Kingdom’s vision by targeting the development of the Kingdom’s rich mineral resources and contributing to local economies,” said Geoff. With a focus on local procurement and employment, AMAK is playing a vital role in fostering the development of Saudi Arabia’s mining industry. The company’s commitment to training and hiring young Saudi engineers is another important aspect of its contribution to Vision 2030. “We see these young professionals as the future of the industry,” Day emphasised.

Future Outlook

Looking ahead, Geoff is optimistic about the future of Saudi Arabia’s mining sector. “Saudi Arabia is one of the most progressive and supportive countries for mining I have worked in,” he said. With government incentives, a supportive policy framework, and a wealth of untapped mineral resources, Day believes the Kingdom is well-positioned to become a global mining hub.

AMAK, with its established assets and clear growth plan, aims to be at the forefront of this transformation. “Our focus is to ensure we take full advantage of the opportunities afforded to us, for the benefit of our shareholders, the communities in which we operate, and the Kingdom as a whole,” Geoff concluded.

AMAK’s remarkable journey from its humble beginnings in the 1960s to becoming a key player in Saudi Arabia’s mining sector is a testament to its vision, strategic focus, and commitment to sustainable growth. Under the leadership of Geoff Day, AMAK is set to continue its growth trajectory, contributing to the Kingdom’s economic diversification goals while maintaining its focus on innovation, sustainability, and community development.