Vedanta's Major Bet on Saudi Arabia: New Gold and Copper Ventures to Support Transformation Plan

Vedanta Ltd. is strengthening its engagement in Saudi Arabia as the kingdom pushes to grow its mining and metals industry, as per Bloomberg report. 

The company has outlined plans to begin exploring for copper and gold within the next 6 to 8 months after receiving a new license alongside several global miners. 

Exploration Plans and New Project Timelines 

The upcoming programme will mark Vedanta’s first formal exploration effort in the region, with the initial mine planned in the Jabal Sayid belt. A contract for its development is expected to be awarded by mid-January.  

The company aims to build a Saudi-based supply chain that spans mining to processing, expanding on the metals value chain it has previously established in India. 

Major Investments and Ongoing Facilities 

Vedanta, controlled by Anil Agarwal, has committed $2 billion to construct copper processing facilities in Saudi Arabia. As per the news reports, the group began work on a copper-rod plant in September, targeting production in 2026, and plans to launch a copper smelter by 2028. Until its domestic operations are fully established, the company expects to source copper from Chile and Peru. 

Saudi Arabia’s Mining Push and Industry Context 

Saudi Arabia has positioned mining as the third pillar of its Vision 2030 strategy, with an estimated $2.5 trillion in untapped mineral reserves including copper, bauxite, and phosphate. Global firms such as Barrick Gold Corp., Hancock Prospecting, and Zijin Mining Group are also active in the market, with Zijin indicating it could begin producing copper and gold locally within five years. 

Read More: Vedanta Forms New IFSC Subsidiary in GIFT City! 

Vedanta Share Price Performance  

As of November 20, 2025, at 09:26 AM, Vedanta Ltd share price is trading at ₹515.30 per share, reflecting a surge of 0.68% from the previous closing price.  

Conclusion 

Vedanta’s planned exploration, processing projects, and investment commitments add momentum to Saudi Arabia’s efforts to build a competitive mining hub. The company continues to explore partnership opportunities while preparing to expand its production capabilities in the region. 

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