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With 17% of the world’s confirmed petroleum reserves, the dominion is searching for to discover what it calls an unlimited, new, and largely untapped minerals super-region stretching from Africa to Central Asia.
“Decarbonization can’t occur with out minerals and metals: quite a lot of minerals and metals. We have to scale up discoveries and we have to scale up manufacturing,” stated Khalid Al-Mudaifer.
“We’re nicely positioned to additional scale-up mining and construct built-in worth chains. We now have a secure authorities, and we have now secure fiscal insurance policies. We now have expertise. We now have low-cost power. We now have glorious infrastructure.”
5 new exploration websites are up for licensing and the dominion will launch particulars of an extra 10 alternatives subsequent yr.
The Saudi Arabian authorities not too long ago contacted Australian miners about supporting its $170 billion mining plan. The Kingdom has already grow to be one of many world’s leaders when it comes to phosphate fertilizer manufacturing with state-owned Ma’aden.
Ma’aden stated final yr it could spend a “big amount of cash” within the coming twenty years to probe for battery metals.
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