Member Info for alwayshoping

And has been stated on here before...One of the main objectives of Manara Minerals is to obtain Iron Ore, and they have particularly mentioned "AFRICA" To date, there has been no acquisition of any ore anywhere. And we all know where the biggest and the best is.

Surely, its only a matter of time.

As usual..alwayshoping.

Https://www.arabnews.com/node/2405881/business-economy

Https://www.arabnews.com/node/2405881/business-economy

Https://foreignpolicy.com/2023/11/08/the-uae-faces-pushback-on-african-investments/?tpcc=recirc_latest062921

Another long post, but this section may be of interest.Also details if you wish to follow it "live"

""The mining sector scene, its challenges, and opportunities for cooperation and growth between the Kingdom and the African continent will also be discussed during the fifth session, which is entitled “A New Generation of Responsible and Sustainable Mining Industries.” Followed by the sixth session entitled “Reimagining Tourism | New Destinations Enriching the Global Tourism Map,” which will discuss enhancing cooperation in the tourism sector between the Kingdom and Africa, while reviewing their tourism initiatives and the challenges they face.

The conference concludes its sessions with the seventh session, entitled “Roadmap for Cooperation in the Field of Sustainable Development,” which is expected to shed light on the pivotal role of Saudi and Arab development institutions, banks, and funds in shaping Africa’s sustainable and prosperous future.

In order to achieve the conference’s goal of strengthening the Saudi-Arab-African partnership in a number of economic and investment aspects, the conference’s work anticipates various agreements and investments in important areas such as achieving food security, enhancing agricultural, industrial, mining and commercial partnerships, in addition to enhancing environmental trade between the Kingdom and the African continent and creating a platform for exporters and importers. From both sides.

It is noteworthy that the economic conference will open its doors tomorrow, November 9, 2023, at 09:30 in the morning, while its work will conclude at 4:30 in the evening. Those interested can follow the conference proceedings through the Ministry of Finance’s accounts on social media platforms via YouTube MOFKSA2011. Live broadcast is also available via the X platforms and Facebook MOFKSA // Presumably these are local times. As usual..alwayshoping

Ended //

18:21 T.M.

Another long post, but this section may be of interest.Also details if you wish to follow it "live"

""The mining sector scene, its challenges, and opportunities for cooperation and growth between the Kingdom and the African continent will also be discussed during the fifth session, which is entitled “A New Generation of Responsible and Sustainable Mining Industries.” Followed by the sixth session entitled “Reimagining Tourism | New Destinations Enriching the Global Tourism Map,” which will discuss enhancing cooperation in the tourism sector between the Kingdom and Africa, while reviewing their tourism initiatives and the challenges they face.

The conference concludes its sessions with the seventh session, entitled “Roadmap for Cooperation in the Field of Sustainable Development,” which is expected to shed light on the pivotal role of Saudi and Arab development institutions, banks, and funds in shaping Africa’s sustainable and prosperous future.

In order to achieve the conference’s goal of strengthening the Saudi-Arab-African partnership in a number of economic and investment aspects, the conference’s work anticipates various agreements and investments in important areas such as achieving food security, enhancing agricultural, industrial, mining and commercial partnerships, in addition to enhancing environmental trade between the Kingdom and the African continent and creating a platform for exporters and importers. From both sides.

It is noteworthy that the economic conference will open its doors tomorrow, November 9, 2023, at 09:30 in the morning, while its work will conclude at 4:30 in the evening. Those interested can follow the conference proceedings through the Ministry of Finance’s accounts on social media platforms via YouTube MOFKSA2011. Live broadcast is also available via the X platforms and Facebook MOFKSA // Presumably these are local times. As usual..alwayshoping

Ended //

18:21 T.M.

Cont from previous post......... has relative shares with African countries are the Fluorine Chemical Industries Company (ICF) in Tunisia, which produces aluminum fluoride and is exported to a large number of aluminum smelters around the world. The National Company for Industries and Mines (SNIM) is one of the largest African companies in iron production in Mauritania, in addition to working with the Mauritanian side through an (integration) project between SABIC and the Mauritanian company SNIM, to exploit iron ore in the Atumai region in the state of Tiris Zumor.

It is noteworthy that the capital, Riyadh, will host tomorrow, Thursday, the work of the Saudi Arab African Economic Conference with the participation of a number of leaders, decision makers, and elite officials in the Kingdom, Arab and African countries, financial, business and investment leaders from the government and private sectors, trade federations, international organizations, and prominent figures in academic circles. And think tanks, at the Hilton Hotel in Riyadh.

The conference will discuss a number of topics, most notably: strengthening industrial, mining and commercial partnerships, the role of sustainable energy partnerships and their importance in facilitating access to energy sources, strengthening cooperation frameworks to achieve food security, investing in business development, infrastructure and human capital, and enhancing cooperation to achieve sustainable development.

// End //

Economic / The Kingdom and African countries... towards a promising industrial and mining partnership

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20 minutes ago

Riyadh

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Audio reading

Riyadh, Rabi’ Al-Akhir 24, 1445 AH, corresponding to November 8, 2023 AD, SPA

The Kingdom’s hosting of the Saudi Arab-African Economic Conference this year comes as a confirmation of the Kingdom’s positions in support of international and regional efforts in cooperation with the African Union, and working to contribute to economic development and increase investments in the continent.

The Kingdom seeks to strengthen its economic relations with the countries of the continent in the industrial and mining sectors, and to increase its non-oil exports to Africa based on its distinctive geographical location that makes it an important commercial center between the East and the West. The Kingdom participates in a number of exhibitions and trade events on the continent, in order to promote Saudi products and services. Non-oil.

Trade between the Kingdom of Saudi Arabia and the countries of the African continent has witnessed remarkable growth during the past five years, as Saudi non-oil exports to Africa increased at an annual growth rate of 5.96% during the period from 2018 to 2022 AD, reaching by the end of last year 31.94 billion riyals, while Saudi imports amounted to 31.94 billion riyals by the end of last year. From Africa by the end of the same year, 23.79 billion riyals.

A number of industrial and mining activities lead Saudi non-oil exports to Africa, as the chemicals and polymers sectors came at the top of the list, then packaging, followed by the building materials sector, and finally the food products sector, while Saudi imports from Africa came in a number of sectors, including Food products, building materials, precious metals, and jewelry.

The Kingdom and the continent of Africa enjoy great mining potential, as the Kingdom seeks, through the International Mining Conference hosted by the capital, Riyadh, early next January, to maximize the benefit from the mining region extending from Africa to West and Central Asia, attract investments to mineral industries in this region, and contribute to enhancing economic growth. For the mining sector in the region and the world.

Saudi exports of mineral products to South Africa during the year 2021 amounted to $3.41 billion, while South African exports of precious metals and mineral products to the Kingdom during the same year amounted to $397 million. The Kingdom seeks to expand the scope of cooperation with a number of African countries through discussions with... 11 African countries signed a memorandum of understanding in the field of mining, which included Zambia, Senegal, Zimbabwe, Congo, Angola, South Africa, Guinea, and Chad, in addition to Mauritania, Morocco, and Egypt.

The most prominent existing mining projects in which the Kingdom has relative shares with African countries are the Fluorine Chemical In

My little top up today showing as a sell as well !!!!

Bob Wilt بوب ويلت

Bob Wilt بوب ويلتBob Wilt بوب ويلت

• Following• Following

CEO at Ma’adenCEO at Ma’aden

2w • 2w •

Looking forward to being part of #FII7 this week in Riyadh, where I will be discussing the pivotal role Maaden plays in transforming the mining sector, establishing itself as a crucial pillar of #SaudiArabia’s economy and strengthening resilience throughout global value chains.

Catch me on "The Mines that Rule the World" panel session and during a fireside chat on “Vision: Unearthing Global Prosperity.” Tune into the sessions here: https://lnkd.in/e5rKFzG2

Bob Wilt بوب ويلت

Bob Wilt بوب ويلتBob Wilt بوب ويلت

• Following• Following

CEO at Ma’adenCEO at Ma’aden

2w • 2w •

Looking forward to being part of #FII7 this week in Riyadh, where I will be discussing the pivotal role Maaden plays in transforming the mining sector, establishing itself as a crucial pillar of #SaudiArabia’s economy and strengthening resilience throughout global value chains.

Catch me on "The Mines that Rule the World" panel session and during a fireside chat on “Vision: Unearthing Global Prosperity.” Tune into the sessions here: https://lnkd.in/e5rKFzG2

Riyadh, Rabi’ al-Akhir 21, 1445 AH, corresponding to November 5, 2023 AD, SPA

will launch in Riyadh next Thursday, the work of the Saudi-Arab-African Economic Conference, with the participation of leaders, decision-makers, elite officials in Saudi Arabia, Arab and African countries, financial, business and investment leaders from the governmental and private sectors, trade unions, and organizations. International and prominent figures in academic circles and think tanks, at the Hilton Hotel in Riyadh.

His Excellency the Minister of Finance, Mr. Mohammed bin Abdullah Al-Jadaan, confirmed that the Royal Highness’s approval to hold this conference reflects the wise leadership’s keenness to consolidate the Kingdom’s relations with the African continent, which is one of the most important axes for the future of the global economy. It also comes as an extension of the Kingdom’s efforts to enhance economic cooperation and coordination and benefit from opportunities. Investments available in both countries.

He explained, "Within this context, the conference aims to consolidate the foundations of the Saudi, Arab, and African partnership in a number of economic and investment aspects, including achieving food security, strengthening agricultural, industrial, mining, and commercial partnerships, and concluding new partnerships between African and Saudi entities, in addition to creating a platform for exporters and importers." From both sides, and to review opportunities for cooperation in the energy sector and its sustainability to enable and enhance economic growth.

His Excellency pointed out that the conference seeks to provide a platform for all international and regional development banks, institutions and funds whose ideas and projects can be crystallized through dialogues and discussions that will be addressed within the conference activities. It will also constitute an opportunity to highlight the attractiveness of the investment environment in the Kingdom of Saudi Arabia and African countries.

It is noteworthy that the conference activities include seven sessions, in which a number of Their Highnesses and Excellencies, leaders and decision-makers in the economic, financial and investment sectors participate and shed light on a number of topics, the most prominent of which are: the role Sustainable energy partnerships and their importance in facilitating access to energy sources, strengthening cooperation frameworks to achieve food security, investing in business development, infrastructure, human capital, industry and mining, harnessing tourism for growth, and enhancing cooperation to achieve sustainable development. The conference will also witness the signing of a number of agreements.

As usual...alwayshoping

Riyadh, Rabi’ al-Akhir 21, 1445 AH, corresponding to November 5, 2023 AD, SPA

will launch in Riyadh next Thursday, the work of the Saudi-Arab-African Economic Conference, with the participation of leaders, decision-makers, elite officials in Saudi Arabia, Arab and African countries, financial, business and investment leaders from the governmental and private sectors, trade unions, and organizations. International and prominent figures in academic circles and think tanks, at the Hilton Hotel in Riyadh.

His Excellency the Minister of Finance, Mr. Mohammed bin Abdullah Al-Jadaan, confirmed that the Royal Highness’s approval to hold this conference reflects the wise leadership’s keenness to consolidate the Kingdom’s relations with the African continent, which is one of the most important axes for the future of the global economy. It also comes as an extension of the Kingdom’s efforts to enhance economic cooperation and coordination and benefit from opportunities. Investments available in both countries.

He explained, "Within this context, the conference aims to consolidate the foundations of the Saudi, Arab, and African partnership in a number of economic and investment aspects, including achieving food security, strengthening agricultural, industrial, mining, and commercial partnerships, and concluding new partnerships between African and Saudi entities, in addition to creating a platform for exporters and importers." From both sides, and to review opportunities for cooperation in the energy sector and its sustainability to enable and enhance economic growth.

His Excellency pointed out that the conference seeks to provide a platform for all international and regional development banks, institutions and funds whose ideas and projects can be crystallized through dialogues and discussions that will be addressed within the conference activities. It will also constitute an opportunity to highlight the attractiveness of the investment environment in the Kingdom of Saudi Arabia and African countries.

It is noteworthy that the conference activities include seven sessions, in which a number of Their Highnesses and Excellencies, leaders and decision-makers in the economic, financial and investment sectors participate and shed light on a number of topics, the most prominent of which are: the role Sustainable energy partnerships and their importance in facilitating access to energy sources, strengthening cooperation frameworks to achieve food security, investing in business development, infrastructure, human capital, industry and mining, harnessing tourism for growth, and enhancing cooperation to achieve sustainable development. The conference will also witness the signing of a number of agreements.

As usual....alwayshoping

Just how many billions they have lined up for Zioc.

3 min read 1 November 2023

Logo 'HVS International'

3 min read 1 November 2023

Saudi Arabia Sovereign Wealth Fund PIF to acquire 49% stake in Rocco Forte Hotels

Saudi Arabia’s Public Investment Fund (PIF) is close to acquiring a 49% stake in Rocco Forte Hotels, valuing the stake at approximately €1.5 billion. Sir Rocco Giovanni Forte, chairman and founder of Rocco Forte Hotels, will retain a 51% majority stake. The luxury hotels and resorts group was founded in 1996, and today includes a portfolio of 14 properties across Italy, Belgium, United Kingdom, Germany and Russia. Eight of the 14 existing hotels, plus three pipeline properties, are located in Italy. Chaired by HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, the PIF has an estimated $776 billion worth of assets under management.

https://www.hospitalitynet.org/news/4118908.html

As usual alwayshoping.

Just how many billions they have lined up for Zioc.

3 min read 1 November 2023

Logo 'HVS International'

3 min read 1 November 2023

Saudi Arabia Sovereign Wealth Fund PIF to acquire 49% stake in Rocco Forte Hotels

Saudi Arabia’s Public Investment Fund (PIF) is close to acquiring a 49% stake in Rocco Forte Hotels, valuing the stake at approximately €1.5 billion. Sir Rocco Giovanni Forte, chairman and founder of Rocco Forte Hotels, will retain a 51% majority stake. The luxury hotels and resorts group was founded in 1996, and today includes a portfolio of 14 properties across Italy, Belgium, United Kingdom, Germany and Russia. Eight of the 14 existing hotels, plus three pipeline properties, are located in Italy. Chaired by HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, the PIF has an estimated $776 billion worth of assets under management.

https://www.hospitalitynet.org/news/4118908.html

As usual alwayshoping.

DJ...signed in as "P"

I have just applied as well.

Quite right Ext......but who is to say that the ore that Vale say they will supply will not come from Zanaga.Maybe Vale will be be part of the consortium who will be acquiring Zioc..all will be revealed soon.

As usual....alwayshoping.

Strategic Research Institute

Published on :

30 Oct 2023, 5:38 am

Synopsis:

Essar Group plans to start construction of a $4 billion steel plant in Saudi Arabia by the second quarter of 2024. Expected to produce four million metric tons per year, the plant aims to meet growing domestic steel demand.

Article:

Essar Group, a prominent Indian conglomerate, has set its sights on expanding its steel manufacturing capabilities. According to recent reports, the company is on track to receive final approvals by June 2024 for a $4 billion steel plant in Ras Al-Khair, Saudi Arabia.

Managed by Essar Capital, the investment portfolio arm of the group, the upcoming facility will focus on low-carbon steel production. This environmentally friendly approach aligns with growing global efforts to reduce carbon emissions in heavy industries.

The plant is not just an ambitious financial venture; it's also a significant project in terms of scale. The planned facility will have the capacity to produce four million metric tons of steel annually. This substantial output aims to meet the rising domestic demand for steel in Saudi Arabia.

This isn't the company's first foray into the steel sector in Saudi Arabia. As early as September 2022, Essar announced its intention to invest $4 billion for an integrated flat steelworks plant in Ras Al-Khair Industrial City. The latest update suggests that the company is making steady progress toward realizing this vision.

With a three-year timeline set for the construction of the plant, Essar Group appears committed to the timely completion of the project. This relatively quick turn-around time indicates the urgency to fulfill the burgeoning demand for steel, both domestically and perhaps for export in the future.

The planned facility represents a significant foreign investment in Saudi Arabia's industrial sector. As such, it could serve as a catalyst for further economic growth and job creation in the region, benefiting both the local workforce and broader economy.

Conclusion:

Essar Group's planned $4 billion steel plant in Saudi Arabia is big news for the industry. With a production capacity of four million metric tons per year, the facility will be a key player in meeting the growing domestic demand for steel. The project, set to start in 2024, represents a major investment and a significant step toward a sustainable, low-carbon future for steel production.

Strategic Research Institute

Published on :

30 Oct 2023, 5:38 am

Synopsis:

Essar Group plans to start construction of a $4 billion steel plant in Saudi Arabia by the second quarter of 2024. Expected to produce four million metric tons per year, the plant aims to meet growing domestic steel demand.

Article:

Essar Group, a prominent Indian conglomerate, has set its sights on expanding its steel manufacturing capabilities. According to recent reports, the company is on track to receive final approvals by June 2024 for a $4 billion steel plant in Ras Al-Khair, Saudi Arabia.

Managed by Essar Capital, the investment portfolio arm of the group, the upcoming facility will focus on low-carbon steel production. This environmentally friendly approach aligns with growing global efforts to reduce carbon emissions in heavy industries.

The plant is not just an ambitious financial venture; it's also a significant project in terms of scale. The planned facility will have the capacity to produce four million metric tons of steel annually. This substantial output aims to meet the rising domestic demand for steel in Saudi Arabia.

This isn't the company's first foray into the steel sector in Saudi Arabia. As early as September 2022, Essar announced its intention to invest $4 billion for an integrated flat steelworks plant in Ras Al-Khair Industrial City. The latest update suggests that the company is making steady progress toward realizing this vision.

With a three-year timeline set for the construction of the plant, Essar Group appears committed to the timely completion of the project. This relatively quick turn-around time indicates the urgency to fulfill the burgeoning demand for steel, both domestically and perhaps for export in the future.

The planned facility represents a significant foreign investment in Saudi Arabia's industrial sector. As such, it could serve as a catalyst for further economic growth and job creation in the region, benefiting both the local workforce and broader economy.

Conclusion:

Essar Group's planned $4 billion steel plant in Saudi Arabia is big news for the industry. With a production capacity of four million metric tons per year, the facility will be a key player in meeting the growing domestic demand for steel. The project, set to start in 2024, represents a major investment and a significant step toward a sustainable, low-carbon future for steel production.