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Rinehart joins up for Saudi gold hunt

Jan 18, 2026 (The Australian - ABIX via COMTEX) --

Midana Exploration, a private company that is owned by Gina Rinehart, has established a joint venture with the Saudi Arabian Mining Company. They have secured five gold exploration permits that cover more than 24,000 square kilometres of land in Saudi Arabia's Nabita Ad-Duwayhi gold belt. Rinehart's Hancock Prospecting also struck deals with two Saudi Arabian companies in 2025 to undertake gold and copper exploration in the nation's Jabal Sayid and AlHajjar regions. Rinehart is best-known for her companies' iron ore mines, although she also has exposure to resource commodities such as lithium, rare earths and coal..

Publication Date: 19 January 2026

MIDANA EXPLORATION
SAUDI ARABIAN MINING COMPANY
HANCOCK PROSPECTING PTY LTD
comtex tracking

COMTEX_472125897/2229/2026-01-18T18:11:07

By Brad Thompson

Copyright 2026 Roy Morgan Research. All Rights Reserved.

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