Riyadh, 15^th January of 2025

 

 

Under the patronage of His Excellency, Mr. Bandar Alkhorayef, the Saudi Arabian Minister of Industry and Mineral Resources, ARGAS, The Arabian Geophysical & Surveying Company, a leading provider of integrated geosciences and engineering solutions, and Christensen Group (Christensen, BOYTEC and Geotec, through its entities in Latin America and with offices, facilities and manufacturing plants in Chile and Peru), a global leader of drilling technologies and services, have announced today, a strategic business agreement to collaborate on enhancing mining downhole tools and drill bits to best-fit the geology of the Kingdom of Saudi Arabia.

 

 

This collaboration will leverage ARGAS’s deep understanding of the Saudi Arabian mining sector and Christensen Group’s cutting-edge drilling technologies and expertise.

 

 

The agreement supports the availability of best available products and enable the implementation of fit for purpose innovative mining drilling solutions to enhance drilling performance, penetration rates, maximize drilling time, and minimize downtime. This agreement will prioritize safety in all drilling operations by implementing best practices and utilizing advanced safety technologies.

 

 

“bringing world-class drilling technologies to the Kingdom’s mining sector,” said Moath Al Rawi, the Chief Executive Officer of ARGAS. “This collaboration aims to enhance mining drilling efficiency and sustainability of our operations in the Kingdom.”

 

 

“partnering with ARGAS is aiming to leverage local content and expertise,” said Eugenio Eguiguren, Executive Vice President of Christensen. “Together, we will offer to the drilling market the best tools as diamond bits, drill pipe and downhole tools. Also, we will deliver innovative drilling solutions that meet the unique needs of the Saudi Arabian mining industry.”

 

This agreement marks a significant step forward in advancing the Saudi mining industry by combining ARGAS’s local knowledge with Christensen Group’s expertise. The partnership aims to deliver significant value to mining operators throughout the Kingdom in light of Vision 2023.

About ARGAS

ARGAS was established in 1966 as a leading Geological and Geophysical company in the Middle East. Over the years, ARGAS expended its services to serve multiple industries, including mining, energy, and construction by offering a fully integrated and comprehensive range of Geoscience solutions.

About Christensen

Founded in 1975, a leading mining product manufacturer that deploys solid and supportive response, marked by the quality and engineering solutions, serving mining and water drilling industries with highest degree of health, safety and environment awareness.

Dhahran, Saudi Arabia, 16/10/2024 — The Arabian Geophysical and Surveying Company (ARGAS), a Saudi-based leading exploration service provider, that operates in the Saudi mining sector since 1966 has announced its collaboration with BAUER Resources (BAUER), a German-based global innovator in mining and natural resource solutions. The collaboration agreement will expand and improve the range of services available in the Kingdom of Saudi Arabia, supporting the ambitious growth targets for mining and natural resources under Saudi Vision 2030. “The collaboration between ARGAS and BAUER will unlock significant capabilities to enable the development of our people and technologies to ensure a sustainable wealth of natural resources to our industries and societies” said Moath Al Rawi, the Chief Executive Officer of ARGAS. “This agreement will import vast knowledge and know-how to build a stronger national champion enabling the progress of our key industries and developing a sustainable future” he added.

“BAUER and ARGAS recognize the challenges and opportunities presented by Saudi Arabia’s growing mining sector” said BAUER’s Managing Director, Mr. Tobias Bangerter. “By joining forces, we are uniquely positioned to offer innovative combination of services that will address the evolving needs and ambitions of mining companies, the government, and other key stakeholders,” he said.

BAUER, which brings more than 225 years of experience across various industries, has long been recognized for its high-quality, innovative services in sectors such as mining, water, environment, and natural resources. The company’s mining activities are built on a foundation of over 120 years.

ARGAS, since its inception in 1966, has been an instrumental contributor of Geological and Geophysical services in the Kingdom, serving energy sector, mining, Geothermal and Geotechnical, Geohazard, GIS and surveying, and exploration services. ARGAS, throughout its history, has been exploring the lands of the Kingdom for minerals and natural wealth, and then expanded its services to nine other countries in the past twenty years.

The strategic collaboration between ARGAS and BAUER recognizes the significant potential of Saudi Arabia’s natural resources, and the combined capabilities to elevate the service delivery in local markets. The agreement comes at a time when Saudi Arabia is undergoing a rapid expansion of its mining sector, in line with the Kingdom’s Vision 2030.

Arabian Geophysical and Surveying Company (ARGAS) is a company incorporated under the laws of Saudi Arabia since 1966, with headquarters in Dharan. ARGAS provides a wide range of exploration services, focusing on delivering seamless Geoscience operations, smart sensing and intelligent subsurface measurement, to ensure sustainable wealth of Natural Resources. Currently ARGAS employs around 2,000 staff is considered the first Geophysical Mining exploration company in Saudi and providing services to different industries, including mining, oil and gas, Geothermal Energy, underground Gas Storage, and water exploration using ground, marine and Airborne services.

BAUER Group is a leading provider of services, equipment and products dealing with ground and groundwater. The Group can rely on a worldwide network on all continents. The Group’s operations are divided into three forward-looking segments with high synergy potential: Geotechnical Solutions, Equipment and Resources. Bauer profits enormously from the collaboration of its three business segments, enabling the Group to position itself as an innovative, highly specialized provider of products and services for demanding projects in specialist foundation engineering and related markets. Bauer therefore offers suitable solutions to the world’s greatest challenges, such as urbanization, the growing infrastructure needs, the environment, as well as water. The BAUER Group was founded in 1790 and is based in Schrobenhausen, Bavaria. In 2024, it employed about 12,000 people and achieved total Group revenues of EUR 1.7 billion worldwide.