Core Mining signed a Memorandum of Understanding (MoU) with Aveng Mining, an operating group of the listed entity Aveng Limited, which is based in South Africa. The MOU aims to provide knowledge and transfer of expertise with regards to mining techniques, and to engender Saudi youth training and empowerment in this field. The announcement of signing the memorandum is a major step within the efforts of Core Mining to actively contribute to achieving Saudi Vision 2030; developing the mining sector and strengthening its role in building the economic base; increasing the Kingdom's competitiveness and building national staff through the activation of partnership programs between major Saudi and international companies. The Memorandum was signed by Engineer Abdulrahman Al Swailem on behalf of Core Mining Company, and Engineer Stuart White on behalf of Aveng Mining. The cooperation between the two companies is expected to strengthen the status of Core Mining as one of the leading providers of mining services and mechanisms in the Kingdom as it provides all mining services to mine owners including drilling, blasting, loading, transportation and crushing. This is achieved by the collective efforts of an integrated team of highly skilled mining engineers who have extensive experience in engineering programs, planning and operating in various environmental, geographical and soil conditions for the extraction of precious and industrial metal ores such as gold, coal, phosphates, manganese, uranium, aluminum, copper, iron ore, cement, etc. "Aveng Mining is one of the world's leading contract mining companies, and our cooperation comes within the efforts of Core Mining to advance the mining sector in the Kingdom, and contribute to its development and prosperity, according to the ambitious Saudi Vision 2030," said Eng. Al Swailem. "The coming period will witness the launch of a training program approved by the concerned educational and academic bodies, and will be applied to empower national staff to learn the modern skills and techniques of mining, and to introduce them to modern technologies used in this sector, and eventually localize the mining professions in the Kingdom, God willing," he added. Stuart White expressed his pride in cooperating with Core Mining and praised the great efforts exerted by the government of Saudi Arabia to move from the oil era towards a diverse knowledge-based economy, noting that «this will contribute directly to the embodiment of the road map developed by the Kingdom until 2030 and beyond with regard to the empowerment of Saudi employees and providing them with knowledge and skills." Core Mining is owned by the Riyadh-based Mohammed Ali Al Swailem Group (MASCO), which is one of the leading business groups working in the field of construction in the Kingdom. — SG
