ST. PETERSBURG: Saudi Arabia’s minister of industry and mineral resources affirmed that the Kingdom is seeking to play a central role in the mining and minerals sector comparable to its role in stabilizing global energy supplies.
Bandar Alkhorayef said this would be achieved through building international partnerships and developing an integrated system that supports sector growth and contributes to securing global mineral supplies.
This came during his participation in a panel discussion titled “Rare and Strategic Earth Elements: Sovereignty and International Cooperation in Rare Earth Elements and Critical Minerals,” held on the sidelines of the St. Petersburg International Economic Forum in Russia, with the participation of ministers, decision-makers, and mining sector leaders from around the world.
Alkhorayef explained that the Kingdom launched the International Mining Conference to serve as a global platform bringing together governments, mining companies, financial institutions, and academic and technical bodies, with the aim of enhancing international cooperation and developing the partnerships needed to address the challenges facing the sector.
He noted that the conference has cemented its position as one of the most prominent specialized global platforms, with its latest edition seeing the participation of 100 countries alongside major mining companies, financial institutions, and academic and technical bodies.
