Saudi Arabia signs mining deals with four nations
Saudi Arabia has signed memorandums of understanding (MOUs) for mining collaborations with Egypt, Russia, Morocco and the Democratic Republic of Congo at the Future Minerals Forum in Riyadh, Saudi Arabia.
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US, Saudi Arabia in talks to secure metals in Africa
Mining News Pro - The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with knowledge of the talks.
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Saudi Arabia’s crown prince looks to metals as new source of wealth
Mining News Pro - In scorching summer heat, Renier Swiegers marches through the desert toward a drilling rig. He’s not looking for oil, the dynamo of Saudi Arabia’s economy the past 80 years, though. It’s another potential source of wealth and influence the kingdom now has its eye on.
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Saudi Arabia’s Ma’aden to acquire 10% of Brazil base metals firm
Mining News Pro - Saudi Arabian Mining Company, known as Ma’aden, has agreed to acquire a 10% stake in Brazil’s base metals company Vale, it said in a bourse statement on Sunday, as part of a strategy to invest in global mining assets.
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Saudi Arabia aims to become leader in sustainable mining
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.
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Saudi Arabia to auction five new mining exploration licenses in 2023
Mining News Pro - The ministry will launch the bidding process later for the licenses in Bir Umq, Jabal Idsas, Umm Hadid, Jabal Sahabiyah and Ar Ridaniyah, a statement from Bandar Al-Khorayef said.
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Robert Friedland’s Ivanhoe Electric one of three finalists for Saudi Arabia project
Mining News Pro - Saudi Arabia has narrowed the field to three finalists for a massive mining exploration licence about 175 km west of Riyadh that it says contains about 25 million tonnes of zinc and copper at grades of 4.11% zinc and 0.56% copper.
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Saudi Arabia announces $6bn investments in steel complex
Mining News Pro - Saudi Arabia’s Ministry of Industry and Mineral Resources said it has secured $6 billion for a steel plate mill complex and electric vehicle battery metals plant as part of plans to lure $32 billion of investment into the mining sector.
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Saudi Arabia of cobalt: Congo eyes battery-metal price power
Mining News Pro - Democratic Republic of Congo, the world’s main source of vital battery ingredient cobalt, is also one of the poorest nations. And while it’s dominated by huge industrial mines, about a fifth of its silvery-blue metal is still hand-dug, in often unregulated and dangerous conditions.
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Saudi Arabia aims next to be largest hydrogen exporter
Mining News Pro - The world’s biggest oil exporter has set its sights on also becoming the largest supplier of hydrogen, a fuel seen as pivotal for curbing climate change.
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Saudi Arabia records 10% demand increase in 5M20
Mining News Pro - Saudi Arabia’s cement sector has reportedly seen a 10 per cent YoY demand growth in the first five months of 2020, according to Al Rajhi Capital.
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Saudi Arabia aims to boost investment with mining law
Mining News Pro - Saudi Arabia’s cabinet on Tuesday approved a new mining law that aims to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons.
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Wartsila technology to allow Saudi Arabia mine to use solar energy
Mining News Pro - Technology group Wartsila will provide the engineering, equipment, and technical advice for a 44 MW power plant at the Mansourah & Massarah gold project in Saudi Arabia. It will be the first power project in the country utilizing a hybrid concept, with engine technology and solar energy.
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Sharp Drop in Oil Prices Following the Disagreement Between Russia and Saudi Arabia
Mining News Pro - Suspension of negotiations between Saudi Arabia and Russia over oil production cut has caused concern persist.
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Saudi Arabia creates new Ministry of Industry and Mineral Resources
Mining News Pro - Saudi Arabia announced that it has created an independent Ministry of Industry and Mineral Resources, separating it from the Energy Ministry, a move that is understood as part of the kingdom’s strategy to diversify the economy away from oil.
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Barrick says copper operation in Saudi Arabia not affected by diplomatic dispute
Mining News Pro - A representative of Canadian gold giant Barrick Gold (TSX, NYSE:ABX) told the Globe & Mail today that the company’s Saudi operations are not affected by the current diplomatic dispute between Ottawa and Riyadh.
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S. Korea suspends Iran steel deal under Saudi Arabia influence
Mining News Agency -South Korea has stopped an investment deal in Iran`s steel industry due to Saudi Arabia`s influence, Financial Tribune daily reported on Tuesday.
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Visit: 1122