Funding global mineral value chains urgently requires three factors: supply, policy and investment, said Khalid Al-Mudaifer, Vice-Minister for Mining Affairs, Ministry of Industry and Mineral Resources, Kingdom of Saudi Arabia. Aside from these challenges, vast amounts of power will be required, as will smooth permitting processes, infrastructure, equipment and water supply. Instead, the Kingdom sees mining as a way to create jobs, diversify economy, and increase exports. Turning to policy and investment, he talked of Saudi Arabia’s success in comprehensively revamping its mining investment law, creating an investor-friendly environment andresulting 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).

Source: News Business Ethiopia January 12, 2024 20:44 UTC