In what ways is Saudi Arabia positioning itself as a "global intermediary" in the development of critical minerals? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources of Saudi Arabia, on the sidelines of the Future Minerals Forum in Riyadh. Discover Saudi Arabia’s ambitious plans to become a major mining hub and a key player in the global mineral supply chain. Learn about the Kingdom’s strategy to diversify its economy beyond oil and gas, its focus on international collaboration, and its commitment to responsible mining practices.
Key points:
– Saudi Arabia aims to establish mining as the third industrial pillar after oil and gas and petrochemicals
– The Kingdom has identified $2.5 trillion in mineral resources, attracting international interest
– Saudi Arabia seeks to be a mining hub in the fastest-growing region
– The country aims to be a global intermediary, balancing geopolitical tensions while developing its critical minerals
– Saudi Arabia holds the 15th largest gold reserves in the world and seeks to develop its gold refining capacity
Special thanks to our sponsor, the Future Minerals Forum (FMF), for making this coverage possible. Visit https://www.futuremineralsforum.com/ to learn more.
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00:00 Welcome to the Future Minerals Forum
01:02 Saudi Arabia’s Ambitious Mining Plans
03:26 Global Collaboration and Geopolitical Strategy
06:13 Learning from Oil to Shape Mining
08:02 The Strategic Role of Gold
#SaudiArabia #mining #FutureMineralsForum #investment
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