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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=KYODO JBN/--

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 - https://mma.prnewswire.com/media/1959961/Future_Minerals_Forum.jpg

SOURCE: Future Minerals Forum