Rosond inks JV with Saudi Arabia’s Bin Harkil

21st June 2024 By: Natasha Odendaal - Creamer Media Senior Deputy Editor

South African exploration and drilling solutions provider Rosond and Bin Harkil Saudi Arabia have established a new joint venture (JV) company, Rosond Arabia, poised to become a leader in the exploration sector in the Arabian market.

Setting the highest standards in safety, efficiency and innovation, Rosond Arabia, which starts operations immediately, aims to provide drilling and exploration services that meet high international standards.

The JV brings together the extensive expertise of Rosond and the deep-rooted local knowledge of Bin Harkil.

Rosond is known for its advanced drilling solutions, innovative approach and commitment to safety and has a rich history of over six decades in the industry, while Bin Harkil Saudi Arabia, with its extensive experience in the local market and strong industry relationships, complements this expertise, ensuring that Rosond Arabia is well-equipped to navigate the unique challenges of the Saudi Arabian terrain.

“Rosond Arabia is a testament to our commitment to innovation and excellence. We are excited to bring our expertise to Saudi Arabia and work alongside Bin Harkil to set new benchmarks in the exploration industry,” says Rosond MD Ricardo Ribeiro.

“We are thrilled to partner with Rosond in this venture. Together, we will combine our strengths to deliver exceptional value to our clients and support the sustainable development of Saudi Arabia’s mineral resources,” adds Bin Harkil chairperson Nasser Al Sagour.

Rosond Arabia will leverage the latest technology, innovation, training and best practices to deliver unparalleled services to its clients, while focusing on sustainability, efficiency and safety, ensuring that all operations are undertaken with minimal environmental impact and maximum operational integrity.

Services will include diamond drilling, reverse circulation drilling and geotechnical investigations, as well as comprehensive project management and consulting services, with end-to-end solutions tailored to clients’ specific needs.

With safety a core value at Rosond Arabia, the company will implement rigorous safety protocols and provide ongoing training to ensure that all employees operate in a secure and efficient environment.

“This commitment to safety extends to the communities in which Rosond Arabia operates, as the company will engage in responsible practices that promote the wellbeing of local populations,” the partners said in a statement.

“Rosond Arabia is dedicated to fostering local talent and creating employment opportunities in the Saudi Arabian mining sector. The company will invest in training and development programmes to equip local workers with the skills needed to excel in the exploration industry.”

The company aims to collaborate with industry partners and stakeholders to drive the growth and development of Saudi Arabia’s mining sector and is committed to supporting the kingdom’s Vision 2030 by contributing to the growth and diversification of the mining sector.