Future Minerals Forum: Ministry of Industry and Res…

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(MENAFN-EIN Presswire)

The Ministry of Industry and Mineral Resources has announced the conclusion of the Future Minerals Forum.

The statement also highlighted the participants’ consensus on the importance of the region (Middle East, Central Asia and Africa) to help supply minerals in response to global demand. — Future Minerals ForumRIYADH, KINGDOM OF SAUDI ARABIA, January 16, 2022 /EINPresswire.com/ — The Ministry of Industry and Mineral Resources has announced the conclusion of the Future Minerals Forum, which was held in Riyadh from 11 to January 13 under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud.

The ministry said: The conference succeeded in highlighting the role of the Kingdom of Saudi Arabia and its future vision in leading this sector at the regional and international levels, where success was witnessed by the participation of 15 ministers from outside the Kingdom of Saudi Arabia. and representatives from more than 32 countries in its various activities.

A ministry statement pointed out that the conference had distinguished participation from governments, international organizations, major mining companies, financial institutions, academics, researchers and concerned individuals from the Kingdom of Saudi Arabia and the world. . The conference was also distinguished by the quality of the speakers, including ministers, experts and specialists in this field from various government institutions, mainly Prince Abdulaziz bin Salman bin Abdulaziz, Saudi Minister of Energy; Minister of Investment Eng. Khalid Al-Falih; Minister of Environment, Water and Agriculture Eng. Abdulrahman Al-Fadley; Minister of Industry and Mineral Resources Bandar Al-Khorayed; Governor of the Public Investment Fund Yasir Al-Rumayyan; CEO of Sabic Yousef Al-Banyan; and CEO of Maaden Eng. Abdulaziz Al-Harbi; in addition to heads and CEOs of major international corporations, such as Chairman and CEO of Barrick Gold Corporation Mark Bristow; Robert Friedland, founder and co-chairman of Ivanhoe Mines; Chairman of Electrum Group LLC Thomas Kaplan; Chairman of Vedanta Resources Anil Agarwal; Vice-Chairman and Managing Director of Moelis and CO. Eric Cantor; President and CEO of the International Council on Mining and Metals Rohitesh Dhawan; and President and CEO of Alcoa Roy Harvey.

The statement said that the conference activities resulted in enriching discussions that saw the participation of more than 100 heads of government and international mining companies through 40 panel discussions on the future of the mining sector and its contributions to developing societies. development, improving sustainability and clean energy. and attract direct investment in the region’s mining sector. The exhibition accompanying the conference, which included a Saudi pavilion with 12 government institutions, saw the participation of some countries with special pavilions, in addition to the participation of more than 30 Saudi and international companies.

The ministry also said the conference witnessed a large attendance that reached 3,500 attendees at the conference headquarters and 4,000 virtual attendees from 100 countries around the world, in addition to attracting millions of people who attend the broadcast live and on social media, noting that on the sidelines of the conference, five agreements and memorandums of understanding were signed, the most important of which are a memorandum of understanding between the Ministry of Energy of the Kingdom of Saudi Arabia and the Ministry of Industry, Mines and Energy of Tunisia, and another memorandum between Maaden and ACWA Power.

The statement said that the first day of the conference saw the holding of the eighth consultative meeting of Arab ministers concerned with mineral resources affairs, which was organized by the ministry in partnership with the Arab Organization for Industrial Development, Standardization and mining operations, which has reached the following dates:

– Ministers endorsed a proposal by the organization to prepare a system of mining guidelines for Arab countries to keep pace with current international trends and adopt best practices related to mining industries.
– The ministers welcomed the Arab initiative for minerals used in clear energy fields, which was proposed by the organization as part of international efforts to achieve cleaner energy systems with lower emissions to combat climate change. climate change.
– The Ministers also stressed the need to keep pace with technological developments and use them to achieve the sustainable development of the mining sector in Arab countries, improve the status of mining, increase its value, better use and improve its value chain.
– Ministers welcomed the launch of the first specialized digital platform for the application and supply of Arab industrial and mining products with the support of the Kingdom of Saudi Arabia, welcoming this important step which will help develop the mining sector in the countries Arabs.
The ministry also noted that on the sidelines of the conference, round tables saw the participation of Arab ministers and ministers and officials concerned with the mining sector from 32 countries with the aim of providing investors, mining companies and parties involved in the mining sector an opportunity to meet and verify what interests them regarding the potential and opportunities of the mining sector in the Kingdom of Saudi Arabia, the Middle East, Central Asia and Africa, noting that the discussions included ways to find deeper cooperation in the region, to strengthen coordination and cooperation between governments and their private sector and civil community partners, as it is the basis for achieving sustainable, responsible and sustainable mining developments. that provide co-benefits and extend beyond mine sites to include adjacent communities.

The ministry also said roundtable participants insisted on having a collective position on the importance of minerals to future societies and economies.

The ministry also pointed out that all participants praised that the Kingdom of Saudi Arabia has enormous capabilities in the mining sector and enjoys several elements of excellence in this sector to be a hub for service. and a regional hub for mining companies due to its centrality in a major mining region stretching from Africa, the Middle East to Central Asia, praising the theme of the forum which derives from the mining industries strategy and mining companies of the Kingdom of Saudi Arabia to rapidly stimulate investment in the sector in light of the increasing demand for minerals in the world today, driven by modern industrial trends in renewable energy and cars electricity, in addition to other industries that depend on several strategic minerals.

Ronan Carey
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Future Minerals Forum Plenary Session

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