Since the dawn of civilization, humans have sought the earth’s treasures—clay, stones, and metals—to forge tools and craft goods that foster trade and drive economic growth. Fast forward to the 21st century, the global mining industry is experiencing a significant renaissance, driven by cutting-edge technologies and a skyrocketing demand for essential elements and rare minerals that sustain modern life, even more so in the UAE.
The UAE is fast emerging as a key player in the global metal ore mining market, driven by soaring demand for non-ferrous metals and precious minerals that power modern industries. With booming sectors like construction, electronics, and electric vehicle manufacturing, metals like aluminum, copper, and cobalt are in high demand. But the real allure? The UAE’s strategic positioning as a global logistics hub, combined with cutting-edge infrastructure, means the earning potential for mining ventures is immense.
Forecasts predict a sharp rise in demand for essential metals, and with commodity prices increasing globally, the time is ripe to enter this lucrative market. Hence, whether you’re targeting precious metals like gold and platinum or industrial powerhouses like bauxite and zinc, the UAE offers fertile ground for high-profit ventures.
Here’s one of several business activities that you can select under your license if you aspire to establish a metal ore mining company in the UAE:
7290.01 – Mining And Preparation of Ores Valued Chiefly for Non-Ferrous Metal Content
This business activity, essentially, refers to the mining and preparation of ores rich in non-ferrous metal content—think of valuable metals like aluminum (bauxite), copper, lead, zinc, tin, and nickel. These metals are the backbone of global industries, fueling everything from electric cars to advanced aerospace technologies. Additionally, the extraction of precious metals like gold, silver, and platinum falls under this category, offering high-value opportunities in a market that continues to shine, especially with growing tech and renewable energy demands.
Emirates Global Aluminium (EGA) serves as a prime example of how far a mining company can go in the UAE. It’s not just about mining aluminum—it’s about adding value through state-of-the-art refining processes and strategic partnerships that turn raw ore into industrial gold. Companies like EGA, along with rising players in copper and cobalt extraction, showcase how this industry offers an expansive opportunity for success in both domestic and international markets.
| Excluded from this class are activities directly related to mining and preparation of uranium and thorium ores, and production of aluminum oxide and mattes of nickel or of copper. These exclusions are distinct from the metal ore mining services provided within this class. |
- Third-party Approval: This business activity requires police approval, prior to the issuance of a license.
- Filing of Economic Substance Return: Business activity 7290.01 is exempt from this requirement.
- Anti-Money Laundering Compliance: Business activity 7290.01 is exempt from this requirement.
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