Vice-Minister for Mining Affairs Saudi Arabia: Funding global mineral value chains requires supply, policy and investment
RIYADH, Saudi Arabia, Jan. 11, 2024 /PRNewswire/ -- Speaking on the opening day of the Future Minerals Forum (FMF) in Riyadh (from 9-11 January), His Excellency Khalid Al-Mudaifer, Vice-Minister for Mining Affairs, Ministry of Industry and Mineral Resources, Kingdom of Saudi Arabia used a panel appearance to tell the world that funding global mineral value chains urgently requires three factors: supply, policy and investment.
- RIYADH, Saudi Arabia, Jan. 11, 2024 /PRNewswire/ -- Speaking on the opening day of the Future Minerals Forum (FMF) in Riyadh (from 9-11 January), His Excellency Khalid Al-Mudaifer, Vice-Minister for Mining Affairs, Ministry of Industry and Mineral Resources, Kingdom of Saudi Arabia used a panel appearance to tell the world that funding global mineral value chains urgently requires three factors: supply, policy and investment.
- Aside from these challenges, vast amounts of power will be required, as will smooth permitting processes, infrastructure, equipment and water supply.
- Turning to policy and investment, he talked of Saudi Arabia's success in comprehensively revamping its mining investment law, creating an investor-friendly environment and
resulting in a huge increase in the number of exploration licenses. - Saad Al Khalb, (CEO, Saudi Exim Bank), Alec Machiels (Board Member, Traxys) and Tom Kendall (Managing Director, Global Head of Metals Sales and Origination, ICBC Standard Bank).