- Write by:
-
Saturday, December 3, 2022 - 10:23:05
-
315 Visit
-
Print
Mining News Pro - The Saudi Arabian government recently contacted Australian miners about supporting its $170 billion mining plan. The Kingdom has already become one of the world’s leaders in terms of phosphate fertilizer production with state-owned Ma’aden.
According to Mining News Pro - Saudi Arabia is aiming to become a global leader in the minerals and metals market with the shift to clean energy. The Saudi government estimates it’s sitting on top of $1.3 trillion worth of untapped mineral deposits including copper, zinc, phosphates, uranium and gold.
Speaking to an audience of international delegates and global mining investors attending London’s Mines and Money conference, the country’s Vice-Minister for Mining Affairs, Ministry of Industry and Mineral Resources pointed out the advances Saudi Arabia has already made in its mining industry.
With 17% of the world’s proven petroleum reserves, the kingdom is seeking to explore what it calls a vast, new, and largely untapped minerals super-region stretching from Africa to Central Asia.
“Decarbonization cannot happen without minerals and metals: a lot of minerals and metals. We need to scale up discoveries and we need to scale up production,” said Khalid Al-Mudaifer.
“We are well placed to further scale-up mining and build integrated value chains. We have a stable government, and we have stable fiscal policies. We have experience. We have low-cost energy. We have excellent infrastructure.”
Five new exploration sites are up for licensing and the kingdom will release details of an additional 10 opportunities next year.
The Saudi Arabian government recently contacted Australian miners about supporting its $170 billion mining plan. The Kingdom has already become one of the world’s leaders in terms of phosphate fertilizer production with state-owned Ma’aden.
Ma’aden said last year it would spend a “huge amount of money” in the coming two decades to explore for battery metals.
Short Link:
https://www.miningnews.ir/En/News/622412
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off ...
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand ...
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely ...
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an ...
Iron ore will average more than $100 a ton this year as the worldwide market remains tight, despite China’s property ...
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of ...
Top copper producer Codelco reported a decline in quarterly output due to lower quality ore at its aging Chilean mines — ...
Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is ...
No comments have been posted yet ...