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Saudi Arabia plans to spend more than $7.4 billion exploring for metals and minerals by 2035, part of a $426 billion infrastructure spending plan that in part seeks to exploit what could be $1.3 trillion in resources.Maaden will boost its exploration budget to 250 million Saudi riyals ($66.7 million) this year, about triple its average annual spending over the past decade, Davis said. The company will focus on gold, copper and zinc.Saudi Arabia holds 3 percent to 6 percent of global uranium deposits, its energy minister said last year.
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