Ministry of Industry and Mineral Resources (Saudi Arabia)

MENACW 2023 Highlights Future Minerals Forum’s Crucial Role in Shaping Sustainable Mineral Value Chains for the Clean Energy Transition

Retrieved on: 
Tuesday, October 17, 2023

RIYADH, Saudi Arabia, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The Middle East and North Africa Climate Week (MENACW) 2023, hosted in Riyadh, underscored the pivotal role of the Future Minerals Forum (FMF) in shaping the future of minerals.

Key Points: 
  • RIYADH, Saudi Arabia, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The Middle East and North Africa Climate Week (MENACW) 2023, hosted in Riyadh, underscored the pivotal role of the Future Minerals Forum (FMF) in shaping the future of minerals.
  • “Minerals represent a crucial pillar in powering numerous industries and projects,” said Abdulrahman Al Belushi.
  • Thamer Aldaajani stressed the pivotal role of research in comprehending the economic and environmental impact of mineral resources and enhancing their value chains.
  • Ali Al-Mutairi outlined FMF's mission, stating, “FMF aims to shape the future of minerals in the context of the energy transition through multi-stakeholder dialogue and collaboration.

Third Edition of Future Minerals Forum (FMF) Returns to Riyadh in January 2024

Retrieved on: 
Monday, September 4, 2023

"The third edition of FMF underscores the mining and minerals sector as a pivotal pillar in Vision 2030, playing a crucial role in the global shift towards clean energy.

Key Points: 
  • "The third edition of FMF underscores the mining and minerals sector as a pivotal pillar in Vision 2030, playing a crucial role in the global shift towards clean energy.
  • Our commitment to supporting technology adoption for environmentally conscious mining, and to foster global advancement in the minerals sector, especially within the super-region.
  • Recognizing the sector's challenges, there's an urgency to develop a roadmap and address the growing demand for critical minerals essentials for energy transition.
  • The JV developed into Manara Minerals providing investment opportunities for mining assets globally, while securing strategic minerals essential for Saudi Arabia's economic development and global supply chain resiliency.

Third Edition of Future Minerals Forum (FMF) Returns to Riyadh in January 2024

Retrieved on: 
Monday, September 4, 2023

"The third edition of FMF underscores the mining and minerals sector as a pivotal pillar in Vision 2030, playing a crucial role in the global shift towards clean energy.

Key Points: 
  • "The third edition of FMF underscores the mining and minerals sector as a pivotal pillar in Vision 2030, playing a crucial role in the global shift towards clean energy.
  • Our commitment to supporting technology adoption for environmentally conscious mining, and to foster global advancement in the minerals sector, especially within the super-region.
  • Recognizing the sector's challenges, there's an urgency to develop a roadmap and address the growing demand for critical minerals essentials for energy transition.
  • The JV developed into Manara Minerals providing investment opportunities for mining assets globally, while securing strategic minerals essential for Saudi Arabia's economic development and global supply chain resiliency.

71 mining licenses issue by Saudi Arabia's Ministry of Industry and Mineral Resources in July 2023

Retrieved on: 
Wednesday, August 30, 2023

RIYADH, Saudi Arabia, Aug. 30, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Resources issued 71 new mining licenses during July 2023, including 45 exploration licenses, 21 building materials quarry licenses, and 5 small mine and exploitation license, according to the report of the Ministry's the National Industrial Information Center.

Key Points: 
  • RIYADH, Saudi Arabia, Aug. 30, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Resources issued 71 new mining licenses during July 2023, including 45 exploration licenses, 21 building materials quarry licenses, and 5 small mine and exploitation license, according to the report of the Ministry's the National Industrial Information Center.
  • The report mentioned the amount of active mining licenses in the sector by the end of July 2023 amounted to 2,348 licenses, taking the lead are building materials quarry licenses with 1,453 licenses, followed by 651 exploration licenses, 182 small mine and exploitation license, 37 reconnaissance licenses, and 25 excess mineral ores licenses.
  • Of the total active mining licenses, the largest number have been awarded to projects within the province of Riyadh with a total of 610 licenses, followed by 384 licenses in the Makkah region, 380 licenses in the eastern region, 265 licenses in the Madinah region, and 191 licences in the Asir region.
  • The Ministry of Industry and Mineral Resources aims to develop the mining sector in line with the objectives of the Kingdom's Vision 2030 and the National Industry Development and Logistics Program, with the goal of making mining the third pillar of the national industry.

71 mining licenses issue by Saudi Arabia's Ministry of Industry and Mineral Resources in July 2023

Retrieved on: 
Wednesday, August 30, 2023

RIYADH, Saudi Arabia, Aug. 30, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Resources issued 71 new mining licenses during July 2023, including 45 exploration licenses, 21 building materials quarry licenses, and 5 small mine and exploitation license, according to the report of the Ministry's the National Industrial Information Center.

Key Points: 
  • RIYADH, Saudi Arabia, Aug. 30, 2023 /PRNewswire/ -- The Ministry of Industry and Mineral Resources issued 71 new mining licenses during July 2023, including 45 exploration licenses, 21 building materials quarry licenses, and 5 small mine and exploitation license, according to the report of the Ministry's the National Industrial Information Center.
  • The report mentioned the amount of active mining licenses in the sector by the end of July 2023 amounted to 2,348 licenses, taking the lead are building materials quarry licenses with 1,453 licenses, followed by 651 exploration licenses, 182 small mine and exploitation license, 37 reconnaissance licenses, and 25 excess mineral ores licenses.
  • Of the total active mining licenses, the largest number have been awarded to projects within the province of Riyadh with a total of 610 licenses, followed by 384 licenses in the Makkah region, 380 licenses in the eastern region, 265 licenses in the Madinah region, and 191 licences in the Asir region.
  • The Ministry of Industry and Mineral Resources aims to develop the mining sector in line with the objectives of the Kingdom's Vision 2030 and the National Industry Development and Logistics Program, with the goal of making mining the third pillar of the national industry.

International Energy Forum and Future Minerals Forum to Co-host First Symposium on Critical Minerals Outlooks

Retrieved on: 
Tuesday, August 15, 2023

RIYADH, Saudi Arabia, Aug. 15, 2023 /PRNewswire/ -- The International Energy Forum (IEF) and Future Minerals Forum (FMF) are proud to announce their co-hosting of the inaugural "1st Symposium on Critical Minerals Outlooks," in collaboration with the Payne Institute for Public Policy at the Colorado School of Mines.

Key Points: 
  • RIYADH, Saudi Arabia, Aug. 15, 2023 /PRNewswire/ -- The International Energy Forum (IEF) and Future Minerals Forum (FMF) are proud to announce their co-hosting of the inaugural "1st Symposium on Critical Minerals Outlooks," in collaboration with the Payne Institute for Public Policy at the Colorado School of Mines.
  • "This symposium, co-hosted by the Future Minerals Forum and the International Energy Forum, underscores Saudi Arabia's commitment to becoming a global mineral processing hub.
  • "Our shared green future and energy transition ambitions require that we find new and stable sources for critical minerals.
  • This symposium represents a critical step toward fostering deeper understanding, collaboration and action to address the challenges associated with critical minerals supply.

International Energy Forum and Future Minerals Forum to Co-host First Symposium on Critical Minerals Outlooks

Retrieved on: 
Tuesday, August 15, 2023

RIYADH, Saudi Arabia , Aug. 15, 2023 /PRNewswire/ -- The International Energy Forum (IEF) and Future Minerals Forum (FMF) are proud to announce their co-hosting of the inaugural "1st Symposium on Critical Minerals Outlooks," in collaboration with the Payne Institute for Public Policy at the Colorado School of Mines.

Key Points: 
  • RIYADH, Saudi Arabia , Aug. 15, 2023 /PRNewswire/ -- The International Energy Forum (IEF) and Future Minerals Forum (FMF) are proud to announce their co-hosting of the inaugural "1st Symposium on Critical Minerals Outlooks," in collaboration with the Payne Institute for Public Policy at the Colorado School of Mines.
  • "This symposium, co-hosted by the Future Minerals Forum and the International Energy Forum, underscores Saudi Arabia's commitment to becoming a global mineral processing hub.
  • "Our shared green future and energy transition ambitions require that we find new and stable sources for critical minerals.
  • This symposium represents a critical step toward fostering deeper understanding, collaboration and action to address the challenges associated with critical minerals supply.

Saudi Ministry of Industry and Mineral Resources Invites Investors to Explore 716 Square Kilometers of Mineral Potential at Umm Hadid, Bir Umq and Jabal Sahabiyah Sites

Retrieved on: 
Wednesday, July 19, 2023

The Ministry and the Saudi Geological Survey presented geological and technical information about the sites to the bidders to further examine the sites' mineral potential.

Key Points: 
  • The Ministry and the Saudi Geological Survey presented geological and technical information about the sites to the bidders to further examine the sites' mineral potential.
  • The visited sites are the following: Bir Umq in the Madinah Province, covering an area of 187 square Kilometers, which contains mineral potential of copper and zinc; Umm Hadid in the Riyadh Province, spanning 246 square Kilometers, featuring potential of silver, lead, zinc and copper; and the Jabal Sahabiyah site in the Aseer Province, covering 283 square kilometers, which holds potential of zinc, lead, and copper.
  • These must include employment and local purchases from the local communities adjacent to the sites, which will contribute to the growth and development of these regions.
  • They will also demonstrate their ability to develop an innovation plan in the sites.

Saudi Ministry of Industry and Mineral Resources Invites Investors to Explore 716 Square Kilometers of Mineral Potential at Umm Hadid, Bir Umq and Jabal Sahabiyah Sites

Retrieved on: 
Wednesday, July 19, 2023

The Ministry and the Saudi Geological Survey presented geological and technical information about the sites to the bidders to further examine the sites' mineral potential.

Key Points: 
  • The Ministry and the Saudi Geological Survey presented geological and technical information about the sites to the bidders to further examine the sites' mineral potential.
  • The visited sites are the following: Bir Umq in the Madinah Province, covering an area of 187 square Kilometers, which contains mineral potential of copper and zinc; Umm Hadid in the Riyadh Province, spanning 246 square Kilometers, featuring potential of silver, lead, zinc and copper; and the Jabal Sahabiyah site in the Aseer Province, covering 283 square kilometers, which holds potential of zinc, lead, and copper.
  • These must include employment and local purchases from the local communities adjacent to the sites, which will contribute to the growth and development of these regions.
  • They will also demonstrate their ability to develop an innovation plan in the sites.

NEOM Green Hydrogen Company completes financial close at a total investment value of USD 8.4 billion in the world's largest carbon-free green hydrogen plant

Retrieved on: 
Monday, May 22, 2023

NEOM Green Hydrogen Company is an equal joint venture by ACWA Power, Air Products and NEOM, building the world's largest green hydrogen plant to produce green ammonia at scale in 2026.

Key Points: 
  • NEOM Green Hydrogen Company is an equal joint venture by ACWA Power, Air Products and NEOM, building the world's largest green hydrogen plant to produce green ammonia at scale in 2026.
  • The project at a total value of USD8.4 billion is being financed with USD 6.1 billion non-recourse financing from 23 local, regional and international banks and financial institutions.
  • NGHC have concluded the Engineering, Procurement and Construction (EPC) agreements with Air Products at a value of USD 6.7 billion.
  • NEOM, Saudi Arabia, May 22, 2023 /PRNewswire/ -- NEOM Green Hydrogen Company (NGHC) today announced that following signing financial documents with 23 local, regional, and international banks, and investment firms, it has now achieved financial close on the world's largest green hydrogen production facility at a total investment value of USD 8.4 billion.