The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
As "Vale" have been mentioned on here many times as a potential "partner" in any buy out or joint venture, it is interesting to note that our new CEO has Vale on his CV.
Saudi-China investment event witnesses deals worth $25bn
RIYADH: Trade and economic ties between Saudi Arabia and China are expected to further strengthen, with the recent investment conference in Beijing witnessing the signing of more than 60 memorandums of understanding and agreements valued at $25 billion.
The China-Saudi Investment Conference on Tuesday witnessed the signing of agreements in various sectors, including energy, agriculture, tourism, mining, and financial services. Additional fields included logistics, infrastructure, technology, and health care, according to a press statement.
The investment conference was conducted on the sidelines of a visit by Saudi Investment Minister Khalid Al-Falih to China.
A notable deal signed during the conference was in the information and communication technology sector, where the Saudi Esports Federation and Chinese esports tournament operator VSPO signed an MoU to promote opportunities, cooperation, and participation in eSports for $8.5 billion.
Meanwhile, China’s Oriental Energy Co. and the Kingdom’s Ajlan & Bros Holding Group Co. signed another agreement to explore areas of collaboration in manufacturing worth $7.5 billion.
In the energy sector, Saudi Arabia’s Ministry of Investment signed a deal with China’s state-owned CRRC Group to develop opportunities in the Kingdom covering project development and manufacturing of renewable energy and sustainable mobility worth $2 billion.
The investment conference was attended by top regional heads, including representatives from Saudi Arabian Oil Co., also known as Aramco, Saudi Basic Industries Corp., and ACWA Power, the press statement added.
During the conference, nine Chinese companies, including Huawei, Dahua, China Railway Construction Corp., and China Communication Services, received their licenses to open their regional headquarters in Saudi Arabia.
Additional companies that received licenses were China Harbor Engineering Co., China Civil Engineering Construction Corp., BGI Group, Nuctech and iMile.
A day earlier, Saudi Arabia’s stock exchange signed an MoU with the Chinese Shenzhen Stock Exchange to enhance collaboration and explore new opportunities in several areas, including joint listing and financial technology.
In September, the Saudi Tadawul Group and the Shanghai Stock Exchange signed an MoU to bolster cooperation and promote mutual development.
At the time, the agreement focused on dual listings of exchange-traded funds, initiatives related to investor relations and infrastructure development, as well as fintech, environmental and social practices."
https://www.arabnews.com/node/2424676/business-economy
Saudi-China investment event witnesses deals worth $25bn
RIYADH: Trade and economic ties between Saudi Arabia and China are expected to further strengthen, with the recent investment conference in Beijing witnessing the signing of more than 60 memorandums of understanding and agreements valued at $25 billion.
The China-Saudi Investment Conference on Tuesday witnessed the signing of agreements in various sectors, including energy, agriculture, tourism, mining, and financial services. Additional fields included logistics, infrastructure, technology, and health care, according to a press statement.
The investment conference was conducted on the sidelines of a visit by Saudi Investment Minister Khalid Al-Falih to China.
A notable deal signed during the conference was in the information and communication technology sector, where the Saudi Esports Federation and Chinese esports tournament operator VSPO signed an MoU to promote opportunities, cooperation, and participation in eSports for $8.5 billion.
Meanwhile, China’s Oriental Energy Co. and the Kingdom’s Ajlan & Bros Holding Group Co. signed another agreement to explore areas of collaboration in manufacturing worth $7.5 billion.
In the energy sector, Saudi Arabia’s Ministry of Investment signed a deal with China’s state-owned CRRC Group to develop opportunities in the Kingdom covering project development and manufacturing of renewable energy and sustainable mobility worth $2 billion.
The investment conference was attended by top regional heads, including representatives from Saudi Arabian Oil Co., also known as Aramco, Saudi Basic Industries Corp., and ACWA Power, the press statement added.
During the conference, nine Chinese companies, including Huawei, Dahua, China Railway Construction Corp., and China Communication Services, received their licenses to open their regional headquarters in Saudi Arabia.
Additional companies that received licenses were China Harbor Engineering Co., China Civil Engineering Construction Corp., BGI Group, Nuctech and iMile.
A day earlier, Saudi Arabia’s stock exchange signed an MoU with the Chinese Shenzhen Stock Exchange to enhance collaboration and explore new opportunities in several areas, including joint listing and financial technology.
In September, the Saudi Tadawul Group and the Shanghai Stock Exchange signed an MoU to bolster cooperation and promote mutual development.
At the time, the agreement focused on dual listings of exchange-traded funds, initiatives related to investor relations and infrastructure development, as well as fintech, environmental and social practices."
https://www.arabnews.com/node/2424676/business-economy
Continued from below.....“In preserving the environment and achieving the goals of zero carbon neutrality, enhancing international and regional investments in order to discover more strategic minerals that help in energy transformation efforts and supporting its industries, and exchanging knowledge and experiences regarding modern technologies, building human capabilities, and enforcing the conditions for the sector’s sustainability.”
Regarding the details of the third edition of the conference, His Excellency said, “The invitation was sent to 95 countries to attend the ministerial meeting that will be held next January 9. It was also sent to 20 official international organizations, 30 non-governmental organizations and 13 business associations related to the topic of the conference at the world level.
It is scheduled to 250 speakers participate in 75 sessions, 90% of whom represent senior CEOs of the largest mining companies and companies related to the minerals and finance sector.
It is noteworthy that the third edition of the conference will witness the hosting of the tenth consultative meeting of Arab ministers concerned with mineral wealth affairs, and will also witness the holding of the international meeting of geological surveying bodies to discuss the most prominent issues related to the importance of geological data and information, and their participation within international and regional cooperation frameworks.
The conference edition will also witness the participation of His Excellency the Minister of Finance, Mr. Mohammed Al-Jadaan, His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar Al-Khorayef, His Excellency the Minister of Transport and Logistics, Engineer Saleh Al-Jasser, His Excellency the Minister of Investment, Engineer Khalid Al-Falih, His Excellency the Minister of Education, Mr. Yousef Al-Benyan, and His Excellency the Governor of the Public Investment Fund, Mr. Yasser Al-Rumayyan, His Excellency the Deputy Minister of Industry and Mineral Resources for Mining Affairs, Engineer Khaled Al-Mudaifer, and a number of energy and minerals industry leaders, officials and experts in this field, such as the Chairman of the Board of Directors of Rio Tinto Dominic Barton, the founder and co-CEO of Ivanhoe Mines Robert Friedland, and the President Barrick Gold CEO Mark Bristow, Vale CEO Eduardo Bartolomeo, Vale Base Metals Chairman Mark Cutifani, BlackRock General Manager and Chief Sector Investment Officer Effie Hambro, and Metals CEO Robert Wilt. , President and CEO of Polydyne Mikael Stafas, Vice Chairman and CIO of China Molybdenum Co., Ltd. Steele Li, and Founder and CEO of Graphjet Technology Li Bingwei.
https://www.spa.gov.sa/N2012409
As usual...alwayshoping
Riyadh, Jumada Al-Awwal 27, 1445 AH, corresponding to December 11, 2023 AD, SPA -
His Excellency the Deputy Minister of Industry and Mineral Resources for Mining Affairs, Engineer Khalid bin Saleh Al-Mudaifer, praised the care and support that the mining sector in the Kingdom receives from the wise leadership - may God support it -, stressing that the Kingdom, thanks to this... This care and support is now playing an important and pivotal role in facing all the challenges related to the world’s needs for minerals in the future, based on its historical leadership in supplying the world with energy, as the Kingdom now has a historical leadership in the field of exploration, production and processing of minerals, and has become, thanks to this leadership. , the energy and mineral reservoir of the world.
This came in a speech during a press conference held by the Ministry of Industry and Mineral Resources today, in the conference hall of the Saudi Press Agency, to announce the details of the program for the third edition of the International Mining Conference, which will be held during the period from January 9 to 11, at the King Abdulaziz International Convention Center. In the city of Riyadh, under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, may God protect him.
Al-Mudaifer stressed that the Kingdom has many capabilities that qualify it to fulfill this role, which is in the interest of the entire world and in the interest of the development and progress of peoples. Among these components is the good and broad relations it enjoys with all countries of the world, especially the countries of the major mining region in Africa and Asia. Its strategic location, which connects the East with the West, enhances its ability to become a regional and global base for processing minerals, especially green minerals, as well as the availability of renewable energy sources, advanced infrastructure, a network of roads and sea ports, and advanced logistics services. In addition to its huge investment capacity to manage mineral wealth and explore strategic minerals in the Kingdom, and its strong foreign investments, Ma’aden Company and the Public Investment Fund established Manara Minerals Company, which invests in mining assets worldwide, which helps achieve... Resilience in global supply chains and accelerating the pace of the energy transition.
He touched on the uniqueness of the International Mining Conference in holding a ministerial meeting of ministers concerned with mining affairs at the world level, saying: “We have succeeded in making this meeting a prestigious international platform led by governments, with many countries and official organizations participating in its work, in order to build international cooperation that achieves the ambitions of the countries of the world.” “In preserving the environment and achieving the goals of zero.........cont
Cont from below.....“In preserving the environment and achieving the goals of zero carbon neutrality, enhancing international and regional investments in order to discover more strategic minerals that help in energy transformation efforts and supporting its industries, and exchanging knowledge and experiences regarding modern technologies, building human capabilities, and enforcing the conditions for the sector’s sustainability.”
Regarding the details of the third edition of the conference, His Excellency said, “The invitation was sent to 95 countries to attend the ministerial meeting that will be held next January 9. It was also sent to 20 official international organizations, 30 non-governmental organizations and 13 business associations related to the topic of the conference at the world level.
It is scheduled to 250 speakers participate in 75 sessions, 90% of whom represent senior CEOs of the largest mining companies and companies related to the minerals and finance sector.
It is noteworthy that the third edition of the conference will witness the hosting of the tenth consultative meeting of Arab ministers concerned with mineral wealth affairs, and will also witness the holding of the international meeting of geological surveying bodies to discuss the most prominent issues related to the importance of geological data and information, and their participation within international and regional cooperation frameworks.
The conference edition will also witness the participation of His Excellency the Minister of Finance, Mr. Mohammed Al-Jadaan, His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar Al-Khorayef, His Excellency the Minister of Transport and Logistics, Engineer Saleh Al-Jasser, His Excellency the Minister of Investment, Engineer Khalid Al-Falih, His Excellency the Minister of Education, Mr. Yousef Al-Benyan, and His Excellency the Governor of the Public Investment Fund, Mr. Yasser Al-Rumayyan, His Excellency the Deputy Minister of Industry and Mineral Resources for Mining Affairs, Engineer Khaled Al-Mudaifer, and a number of energy and minerals industry leaders, officials and experts in this field, such as the Chairman of the Board of Directors of Rio Tinto Dominic Barton, the founder and co-CEO of Ivanhoe Mines Robert Friedland, and the President Barrick Gold CEO Mark Bristow, Vale CEO Eduardo Bartolomeo, Vale Base Metals Chairman Mark Cutifani, BlackRock General Manager and Chief Sector Investment Officer Effie Hambro, and Metals CEO Robert Wilt. , President and CEO of Polydyne Mikael Stafas, Vice Chairman and CIO of China Molybdenum Co., Ltd. Steele Li, and Founder and CEO of Graphjet Technology Li Bingwei.
https://www.spa.gov.sa/N2012409
As usual...alwayshoping
O reading
Riyadh, Jumada Al-Awwal 27, 1445 AH, corresponding to December 11, 2023 AD, SPA -
His Excellency the Deputy Minister of Industry and Mineral Resources for Mining Affairs, Engineer Khalid bin Saleh Al-Mudaifer, praised the care and support that the mining sector in the Kingdom receives from the wise leadership - may God support it -, stressing that the Kingdom, thanks to this... This care and support is now playing an important and pivotal role in facing all the challenges related to the world’s needs for minerals in the future, based on its historical leadership in supplying the world with energy, as the Kingdom now has a historical leadership in the field of exploration, production and processing of minerals, and has become, thanks to this leadership. , the energy and mineral reservoir of the world.
This came in a speech during a press conference held by the Ministry of Industry and Mineral Resources today, in the conference hall of the Saudi Press Agency, to announce the details of the program for the third edition of the International Mining Conference, which will be held during the period from January 9 to 11, at the King Abdulaziz International Convention Center. In the city of Riyadh, under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, may God protect him.
Al-Mudaifer stressed that the Kingdom has many capabilities that qualify it to fulfill this role, which is in the interest of the entire world and in the interest of the development and progress of peoples. Among these components is the good and broad relations it enjoys with all countries of the world, especially the countries of the major mining region in Africa and Asia. Its strategic location, which connects the East with the West, enhances its ability to become a regional and global base for processing minerals, especially green minerals, as well as the availability of renewable energy sources, advanced infrastructure, a network of roads and sea ports, and advanced logistics services. In addition to its huge investment capacity to manage mineral wealth and explore strategic minerals in the Kingdom, and its strong foreign investments, Ma’aden Company and the Public Investment Fund established Manara Minerals Company, which invests in mining assets worldwide, which helps achieve... Resilience in global supply chains and accelerating the pace of the energy transition.
He touched on the uniqueness of the International Mining Conference in holding a ministerial meeting of ministers concerned with mining affairs at the world level, saying: “We have succeeded in making this meeting a prestigious international platform led by governments, with many countries and official organizations participating in its work, in order to build international cooperation that achieves the ambitions of the countries of the world.” “In preserving the environment and achieving the goals of zero carbon neutrality, enhancing international
........Especially if they are lining up a multi billion $ deal somewhere
https://www.arabnews.com/node/2423406/business-economy
RIYADH: Saudi Arabia’s National Debt Management Center has successfully secured a syndicated loan of $11 billion as part of the government’s medium-term debt strategy, aimed at diversifying the Kingdom’s funding sources.
Structured for a 10-year term, the funding involved the collaboration of 14 international financial institutions spanning Asia, the Middle East, Europe, and the US.
Aligned with the approved annual borrowing plan, the transaction aims to capitalize on market opportunities to execute alternative government financing activities.
NDMC stated that it will support economic growth by funding development and infrastructure projects aligned with Saudi Vision 2030.
It added the objective is to address the Kingdom’s financial requirements judiciously over the medium to long term, balancing cost considerations and an acceptable level of risk.
NDMC emphasized that the widespread participation in this syndicated loan underscores not only immense interest but also confidence in both Saudi Vision 2030 and the Kingdom’s robust economic resilience.
The success of this syndicated loan serves as a testament to the Kingdom’s proactive approach to securing diverse and robust financing sources. It reinforces the commitment to realizing key objectives, particularly in the realm of economic diversification, as outlined in the Saudi Vision 2030 initiative.
In November, NDMC concluded the issuance of its riyal-denominated sukuk program, with a bid amount totaling SR2.66 billion ($710 million), reflecting a decline of 33.16 percent compared to October.
Sukuk, which is also called an Islamic bond, is a debt product issued in accordance with Shariah or Islamic laws.
The November issuance comprised two tranches, with the first tranche valued at SR1.99 billion set to mature in 2031 and the second worth SR668 million maturing in 2035.
In October, sukuk issuance amounted to SR3.98 billion, while in September, it reached SR2.45 billion.
NDMC remains steadfast in its pursuit of financial strategies that align with the Kingdom's long-term development goals.
In August, NDMC took a strategic step of restructuring SR35.7 billion of debt instruments into four new sukuk tranches featuring longer-term maturities in 2024, 2025 and 2026.
As outlined in a press statement at that time, the initiative aimed to strengthen the domestic money market and stay up-to-date with its developments.
as usual...alwayshoping
Hi Driving....a bit longer to wait maybe...." The AGM will be held at Governor's House, CityPoint, 1 Ropemaker Street, London, EC2Y 9SS on 19 December 2023 at at 10:00 a.m. (GMT)."
Vale’s Optimistic Production Projections and Investment Plans for the Coming Years.
"Brazilian mining giant, Vale (VALE3), has revealed optimistic production projections for the coming years, with iron ore fines volume anticipated to reach 315 million metric tonnes (Mt) in 2023. The production is expected to remain stable in 2024, within a range of 310 to 320 Mt, and rise significantly in 2026, between 340 and 360 Mt.
Vale’s Projected Increase in Production
Further projections include a surge in pellet and briquette production, set to increase from 37 Mt in 2023 to up to 55 Mt in 2026. With regards to nickel, Vale estimates a production of 165 kt in 2023, with an increase to 160 to 175 kt in 2024 and 210 to 230 kt in 2026. Copper also carries positive projections, commencing from 325 kt in 2023, potentially hitting 355 kt in 2024, and nearing 410 kt in 2026.
Financial Outlook and Investment Plans
From a financial standpoint, Vale’s Ebitda could range from US$ 15.2 billion to US$ 31 billion, depending on iron ore prices. The cash flow yield to shareholders for 2026 could vary from 5.2% to 23.2%. Substantial investments are also planned, with a total Capex of approximately US$ 6 billion forecasted for 2023, rising to US$ 6.5 billion from 2024 onwards, with annual investments of up to US$ 4 billion in steel solutions and up to US$ 3 billion in metals for energy transition."
Dec6th 10-43pm....https://bnn.network/world/brazil/vales-optimistic-production-projections-and-investment-plans-for-the-coming-years/
as usual....alwayshoping.
Vale’s Optimistic Production Projections and Investment Plans for the Coming Years.
"Brazilian mining giant, Vale (VALE3), has revealed optimistic production projections for the coming years, with iron ore fines volume anticipated to reach 315 million metric tonnes (Mt) in 2023. The production is expected to remain stable in 2024, within a range of 310 to 320 Mt, and rise significantly in 2026, between 340 and 360 Mt.
Vale’s Projected Increase in Production
Further projections include a surge in pellet and briquette production, set to increase from 37 Mt in 2023 to up to 55 Mt in 2026. With regards to nickel, Vale estimates a production of 165 kt in 2023, with an increase to 160 to 175 kt in 2024 and 210 to 230 kt in 2026. Copper also carries positive projections, commencing from 325 kt in 2023, potentially hitting 355 kt in 2024, and nearing 410 kt in 2026.
Financial Outlook and Investment Plans
From a financial standpoint, Vale’s Ebitda could range from US$ 15.2 billion to US$ 31 billion, depending on iron ore prices. The cash flow yield to shareholders for 2026 could vary from 5.2% to 23.2%. Substantial investments are also planned, with a total Capex of approximately US$ 6 billion forecasted for 2023, rising to US$ 6.5 billion from 2024 onwards, with annual investments of up to US$ 4 billion in steel solutions and up to US$ 3 billion in metals for energy transition."
Dec6th 10-43pm....https://bnn.network/world/brazil/vales-optimistic-production-projections-and-investment-plans-for-the-coming-years/
as usual....alwayshoping.
Congo and Cameroon signed, on December 5 in Brazzaville, a partnership contract for the construction of a 149-kilometer railway line linking the production site of the Nabemba-Mbalam iron deposit, in the Sangha, to port of Kribi, in the south of Cameroon, for a projected cost of 1.3 billion dollars.
The construction of the railway between Nabemba and the port of Kribi is one of the projects selected by Congo and Cameroon as part of the joint exploitation of the Nabemba-Mbalam iron deposit. The project will be implemented by a Chinese consortium which is financing it at $1.3 billion. It concerns the financing, construction and operation of a 149 kilometer long railway line, linking the operating site of the Nabemba deposit, in the Sangha department, to the autonomous port of Kribi, in the South. of Cameroon, where an ore port capable of processing 125 million tonnes of iron per year will be built.
The work, financed entirely by the consortium, to the tune of $1.3 billion, will be carried out over a planned duration of thirty-six months, including a period of completion of additional studies of six months necessary for the completion of the program. start-up investments.
“ The project will generate more than 23 billion dollars in direct tax revenue and more than twenty thousand direct and indirect jobs in the Republic of Congo. The objective is to ultimately produce 125 million tonnes of enriched iron per year. The second phase will involve the construction of a 1,300 kilometer railway backbone linking the departments of Sangha and Kouilou. Through this project, Congo and Cameroon will become the fifth iron-producing power on the planet ,” said the general director of the Cameroonian company Bestway F.LTD, Alexandre Mbiam.
During the first three years, forecast production will be 10 million tonnes of iron per year, before reaching an annual peak of 125 million tonnes.
The iron to be produced, he added, will be partly transformed locally in order to encourage the fall in prices of concrete iron on the national market and promote the emergence of the real estate industry.
Speaking to this effect before the Minister of State, Minister of Mining Industry and Geology, Pierre Oba, the Congolese Minister of Transport, Honoré Sayi, and his counterpart from Cameroon, Bibéhé Ngallé, welcomed the implementation implementation of this project which strengthens bilateral cooperation between the two countries.
https://www.adiac-congo.com/content/integration-le-congo-et-le-cameroun-bientot-relies-par-un-chemin-de-fer-153569
Congo and Cameroon signed, on December 5 in Brazzaville, a partnership contract for the construction of a 149-kilometer railway line linking the production site of the Nabemba-Mbalam iron deposit, in the Sangha, to port of Kribi, in the south of Cameroon, for a projected cost of 1.3 billion dollars.
The construction of the railway between Nabemba and the port of Kribi is one of the projects selected by Congo and Cameroon as part of the joint exploitation of the Nabemba-Mbalam iron deposit. The project will be implemented by a Chinese consortium which is financing it at $1.3 billion. It concerns the financing, construction and operation of a 149 kilometer long railway line, linking the operating site of the Nabemba deposit, in the Sangha department, to the autonomous port of Kribi, in the South. of Cameroon, where an ore port capable of processing 125 million tonnes of iron per year will be built.
The work, financed entirely by the consortium, to the tune of $1.3 billion, will be carried out over a planned duration of thirty-six months, including a period of completion of additional studies of six months necessary for the completion of the program. start-up investments.
“ The project will generate more than 23 billion dollars in direct tax revenue and more than twenty thousand direct and indirect jobs in the Republic of Congo. The objective is to ultimately produce 125 million tonnes of enriched iron per year. The second phase will involve the construction of a 1,300 kilometer railway backbone linking the departments of Sangha and Kouilou. Through this project, Congo and Cameroon will become the fifth iron-producing power on the planet ,” said the general director of the Cameroonian company Bestway F.LTD, Alexandre Mbiam.
During the first three years, forecast production will be 10 million tonnes of iron per year, before reaching an annual peak of 125 million tonnes.
The iron to be produced, he added, will be partly transformed locally in order to encourage the fall in prices of concrete iron on the national market and promote the emergence of the real estate industry.
Speaking to this effect before the Minister of State, Minister of Mining Industry and Geology, Pierre Oba, the Congolese Minister of Transport, Honoré Sayi, and his counterpart from Cameroon, Bibéhé Ngallé, welcomed the implementation implementation of this project which strengthens bilateral cooperation between the two countries.
https://www.adiac-congo.com/content/integration-le-congo-et-le-cameroun-bientot-relies-par-un-chemin-de-fer-153569
Environmental / Minister of Industry and Mineral Resources: The mining sector plays an important role in supporting the energy transition in green manufacturing
31 minutes ago
Riyadh
https://portalcdn.spa.gov.sa/backend/original/202312/RG0TG2L1TAhivc5juvkAeyryErMS95ZgdzLG6VVC.jpg
play. play
Audio reading
Riyadh, Jumada Al-Awwal 21, 1445 AH, corresponding to December 5, 2023 AD, SPA -
His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar Al-Khorayef, confirmed that the mining sector plays an important role in supporting the development of flexible and secure value chains necessary to support the energy transition in green manufacturing, renewable energy sources, electric vehicles, and others. Of industries, in the context of the growing global demand for minerals and metals needed for clean energy technologies, and its endeavor to increase the supply of these vital resources in a sustainable and fair manner.
Al-Khorayef explained in his speech at the third edition of the Saudi Green Initiative Forum 2023, which was launched in the city of Dubai in the Emirates under the slogan “From Ambition to Action,” that the Kingdom aims to increase the diversity and security of important metals value chains in several main ways, namely, the optimal exploitation of data. And methods for extracting it, which include launching large-scale regional surveys, accelerating the issuance of licenses, reducing the cost of energy, increasing the volume of investments, and the strategic location.
His Excellency pointed out that the Kingdom, through its long history of exporting oil, realizes the responsibility that comes from being a source of vital natural resources to the world, and also realizes the time and effort required to turn any project completely green, and for it to go through a transitional period to become completely green.
Al-Khorayef stated that expanding the sustainable and equitable supply of vital minerals is one of the highest priorities of the International Mining Conference (FMF) and the associated Ministerial Round Table, adding that in light of the huge amount of minerals and metals that will be required for the transition in the field of energy, No country can do this alone, and it will require international cooperation and dialogue.
His Excellency the Minister stressed that the “International Mining Conference” serves as a platform for this global cooperation and dialogue, and the Kingdom has worked to hold it annually to enable the creation of flexible mineral value chains in the resource-rich region of Africa, West and Central Asia, while the Ministerial Round Table is a government-led platform. They aim to work together to produce the minerals the world will need for the energy transition.
Environmental / Minister of Industry and Mineral Resources: The mining sector plays an important role in supporting the energy transition in green manufacturing
31 minutes ago
Riyadh
https://portalcdn.spa.gov.sa/backend/original/202312/RG0TG2L1TAhivc5juvkAeyryErMS95ZgdzLG6VVC.jpg
play. play
Audio reading
Riyadh, Jumada Al-Awwal 21, 1445 AH, corresponding to December 5, 2023 AD, SPA -
His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar Al-Khorayef, confirmed that the mining sector plays an important role in supporting the development of flexible and secure value chains necessary to support the energy transition in green manufacturing, renewable energy sources, electric vehicles, and others. Of industries, in the context of the growing global demand for minerals and metals needed for clean energy technologies, and its endeavor to increase the supply of these vital resources in a sustainable and fair manner.
Al-Khorayef explained in his speech at the third edition of the Saudi Green Initiative Forum 2023, which was launched in the city of Dubai in the Emirates under the slogan “From Ambition to Action,” that the Kingdom aims to increase the diversity and security of important metals value chains in several main ways, namely, the optimal exploitation of data. And methods for extracting it, which include launching large-scale regional surveys, accelerating the issuance of licenses, reducing the cost of energy, increasing the volume of investments, and the strategic location.
His Excellency pointed out that the Kingdom, through its long history of exporting oil, realizes the responsibility that comes from being a source of vital natural resources to the world, and also realizes the time and effort required to turn any project completely green, and for it to go through a transitional period to become completely green.
Al-Khorayef stated that expanding the sustainable and equitable supply of vital minerals is one of the highest priorities of the International Mining Conference (FMF) and the associated Ministerial Round Table, adding that in light of the huge amount of minerals and metals that will be required for the transition in the field of energy, No country can do this alone, and it will require international cooperation and dialogue.
His Excellency the Minister stressed that the “International Mining Conference” serves as a platform for this global cooperation and dialogue, and the Kingdom has worked to hold it annually to enable the creation of flexible mineral value chains in the resource-rich region of Africa, West and Central Asia, while the Ministerial Round Table is a government-led platform. They aim to work together to produce the minerals the world will need for the energy transition.
And meanwhile elsewhere this morning....https://www.australianresourcesandinvestment.com.au/2023/12/05/rios-next-iron-ore-mine-is-in-the-pilbara/ Not exactly up to ZIOC standards.
Hi MM.
As our resident expert on this subject, not sure if you have seen this today.
ATB...alwayshoping.
https://www.fastmarkets.com/insights/brazilian-miners-bet-on-high-grade-iron-metallics-in-race-for-scope-3-carbon-neutrality/
Will this be when we get THE news that we have all been waiting for?Today 08:40
8-54 November 30th
Saudi Arabia to spearhead green development vision with forum during COP28
Saudi Green Initiative Forum to gather influential figures, climate experts and thought leaders to present their insights and recommendations for tackling climate change
RIYADH: Saudi Arabia is committing itself to a sustainable and green future through a variety of initiatives, with one of the most high-profile set to be held at the upcoming climate conference in Dubai.
Alongside the UN’s COP28 summit, the Kingdom will host the third edition of the Saudi Green Initiative Forum on Dec. 4 to highlight its dedication to build a greener future at a time of multibillion dollar giga-projects.
The event will gather influential figures, climate experts and thought leaders to present their insights and recommendations for tackling climate change.
It will also offer a platform to showcase the ambitions and achievements thus far of the SGI, launched in 2021 by Crown
Prince Mohammed bin Salman. https://www.arabnews.com/node/2417761/business-economy
AIMHO, but still strongly believe the deal has already been done and dusted, and it will be for way over a £1
Knowing my luck,I have probably been doing far too much dreaming, but who knows?
And definitely, as usual ALWAYSHOPING. GLAH etc
8-54 November 30th
Saudi Arabia to spearhead green development vision with forum during COP28
Saudi Green Initiative Forum to gather influential figures, climate experts and thought leaders to present their insights and recommendations for tackling climate change
RIYADH: Saudi Arabia is committing itself to a sustainable and green future through a variety of initiatives, with one of the most high-profile set to be held at the upcoming climate conference in Dubai.
Alongside the UN’s COP28 summit, the Kingdom will host the third edition of the Saudi Green Initiative Forum on Dec. 4 to highlight its dedication to build a greener future at a time of multibillion dollar giga-projects.
The event will gather influential figures, climate experts and thought leaders to present their insights and recommendations for tackling climate change.
It will also offer a platform to showcase the ambitions and achievements thus far of the SGI, launched in 2021 by Crown
Prince Mohammed bin Salman. https://www.arabnews.com/node/2417761/business-economy