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Not just does Saudi Arabia's Vision 2030 program welcome a number of societal reforms as well as adjustments for the kingdom, it intends to expand the kingdom's economy away from fossil fuels. The mining sector is poised to profit.
" We have actually approximated that the Arabian Shield has around $1.3 trillion well worth of prospective mineral worth. We are scaling up our expedition. We are releasing one of the most enthusiastic local geographical surveys worldwide," clarified Khalid Al-Mudaifer, Vice-Minister for Mining Matters, Ministry of Market and also Mineral Resources, Saudi Arabia.
He spoke to Michelle Makori, Lead Anchor and Editor-in-Chief of Kitco News at the Mines and Money London conference.
Adhere To Michelle Makori on Twitter: @MichelleMakori ()
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Saudi Arabia to transform mining sector with $1.3 trillion of mineral value
Not only does Saudi Arabia’s Vision 2030 program embrace several societal reforms and changes for the kingdom, it aims to diversify the kingdom’s economy away from fossil fuels. The mining sector is poised to benefit.
“We have estimated that the Arabian Shield has around $1.3 trillion worth of potential mineral value. We are scaling up our exploration. We are launching one of the most ambitious regional geographical surveys in the world,” explained Khalid Al-Mudaifer, Vice-Minister for Mining Affairs, Ministry of Industry and Mineral Resources, Saudi Arabia.
He spoke to Michelle Makori, Lead Anchor and Editor-in-Chief of Kitco News at the Mines and Money London conference.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
__________________________________________________________________
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