Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, December 02 2022 - 22:36
The Saudi Ministry of Industry and Mineral Resources argues in London conference: "Saudi Arabia will become a leader in the sustainable production of metals, for the benefit of the net-zero transition."
LONDON, December 2, 2022 /PRNewswire-AsiaNet/--

His Excellency Khalid Al-Mudaifer, Vice-Minister for Mining Affairs, Ministry 
of Industry and Mineral Resources, Kingdom of Saudi Arabia, laid out the case 
for urgent investment in minerals and metals extraction and value chains in 
Saudi Arabia.

International delegates and global mining investors attending London's Mines 
and Money conference have heard how Saudi Arabia is arguing that the energy 
transition from hydrocarbons to renewables is opening the path for it to become 
a global leader in the sustainable and innovative production of minerals and 
metals, especially since a vast, new and largely untapped minerals super-region 
is emerging, stretching from Africa to central Asia.

His Excellency Khalid Al-Mudaifer, in a keynote address at the event said that 
minerals are indispensable to the energy change to renewables:

"Decarbonization  – the net-zero transition – 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.

In terms of phosphate fertilizer production alone, the Kingdom has already 
become the world leader.

The Kingdom stabilized aluminum markets by building an industrial city that 
focuses on extracting and producing final products for the world. And working 
with well-known electric vehicle manufacturers such as Lucid Motors and 
automotive sector suppliers such as EV Metals to build an integrated electric 
vehicle manufacturing complex.

HE The Vice-Minister further pointed to important projects such as the 
Kingdom's work in hydrogen, with KSA creating the largest green hydrogen plant 
in the world

KSA says that it is ripe for investment, not only in its Arabian Shield region 
but also to help spearhead minerals extraction in the super region:

"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." 

HE the Vice-Minister renewed invitations for delegates to attend the powerhouse 
second edition of the Future Minerals Forum, championing the future of mining, 
attracting massive investment, and building solid partnerships in Saudi Arabia 
and throughout the mining super region that stretches from Africa to Western 
and Central Asia.

The Forum launches on January 10th, 2023, with an influential Round Table 
consisting of Government Ministers and their representatives, and is followed 
by two days of a conference and exhibition attended by 6,000 delegates.

Photo -

SOURCE: Future Minerals Forum