May 3 (Reuters) - Alara Resources Ltd AUQ.AX :
* Khnaiguiyah zinc project - project update AUQ.AX
* Says saudi mining regulations prescribe appeal procedures in cases of mining licence cancellation
* Former licence holders,United Arabian Mining Company, have initiated BOG case, claiming wrongful termination of licence
* Mpmr is free to reissue the mining licence for the project during the pendency of the bog proceedings
* Source text for Eikon