KSA Business: Saudi Arabia has ‘all the ingredients to be successful’ in mining – Gulf Digital News

KSA Business: Saudi Arabia has ‘all the ingredients to be successful’ in mining – Gulf Digital News

Saudi Arabia, which plans to attract $32 billion of investment in its bid to become a major player in global mining production, could be set to play a major global role in the supply of precious minerals. This is needed to power the transition to green energy in order to reach the goal of net zero carbon emissions.

According to a research paper from the Payne Institute for Public Policy at the Colorado School for Mines in the US, this is “an exciting time for critical minerals”.

The kingdom could find itself in a powerful position to become a major clean energy player, lying in the middle of the vast mineral-rich super-region stretching from Africa to Central Asia.

Precious minerals

The topic lies at the heart of international debate taking place at the Future Minerals Forum (FMF) in Riyadh in January, which explores how critically precious minerals are needed to power clean energy items such as electric vehicles, computers, smartphones, solar panels, microchips and wind farms.

The Institute advises that a long-term commitment and coherent strategy is needed. To make the most of this opportunity, international agreement at all levels is vital.

Governments, companies, and communities will all have to work together to re-think on a