RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources has granted Almasane Alkobra Mining Co. four exploration licenses for copper and gold exploration in Riyadh and Al-Dawadmi. AMAK said in a bourse filing that for the purpose of ensuring the availability of raw materials, it would conduct exploratory studies during the statutory period. The financial impact of these licenses will be revealed after the company completes exploration work and studies, and any major developments will be announced.