# Golden Compass and Thara Future Investments form alliance for mining fleet expansion

Golden Compass for Mining Services has formed an alliance with Thara Future Investments, which will acquire a strategic ownership share in Golden Compass to support expansion of its heavy equipment fleet for Saudi Arabia's mining industry. The deal was announced at the Future Minerals Forum in Riyadh.

- Type: Partnership
- Announced: 2026-01-14
- Where: Saudi Arabia, Saudi Arabia
- Status: announced
- Products: heavy equipment, drilling rigs
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Golden Compass for Mining Services](https://endata.com/companies/89641.md)
- [Thara Future Investments](https://endata.com/companies/89642.md) (investor)
- [Naif Alrajhi Investment](https://endata.com/companies/89643.md) (partner)
- [Rasi Investment](https://endata.com/companies/89644.md) (partner)

## Sources

- [plantandequipment.com](https://www.plantandequipment.com/news/mining/golden-compass-plans-heavy-equipment-fleet-expansion-under-new-partnership), 2026-01-14: "Thara Future Investments will acquire a strategic ownership share in Golden Compass as part of the arrangement, which will support operational capacity investment and long-term growth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.