Thursday 26 December 2024
 
»
 
»
Story

Saudi minerals forum to explore investment opportunities

RIYADH, August 28, 2024

Saudi Arabia will hold the fourth edition of the world’s leading platform on minerals, the Future Minerals Forum (FMF), from January 14 to 16, 2025, in Riyadh, that is aimed at driving investment opportunities in the mining and mineral sector, a report said.

To be held under the Patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the event is being convened by the Ministry of Industry and Mineral Resources, Saudi Press Agency, SPA, said.

The government-led platform, and an inclusive multi-stakeholder conference, that will take place at King Abdulaziz International Conference Center in Riyadh, will gather world’s top decision-makers to address challenges facing the industry and prioritise minerals development, that is key to global prosperity and the energy transition.

Since 2022, FMF has focused on fostering collaboration amongst minerals-producing nations, promoting sustainability initiatives to build trust, and creating a resilient supply chain of critical minerals that the world needs.

Building on these successes, FMF 2025 will focus on “Delivering Impact”, the theme of this fourth edition.

Minister of Industry and Mineral Resources Bandar Alkhorayef said that FMF has become a prominent global forum for all stakeholders in the mineral sector, from governments to mining companies, financial institutions, service companies, research centres, and academic institutions.

“The upcoming Ministerial Roundtable will engage participation from 100 countries. This extensive collaboration will include working groups comprising government bodies and 40 organisations, including international organisations, NGOs and trade associations.

“These groups will collaborate to implement the initiatives and strategies established during the last MRT, driving forward the shared goals of sustainable development and innovation in the global mineral sector,” the minister added.

The programme this year will focus on new voices on critical minerals, highlighting downstream perspectives and new regional perspectives, including the Super Region spanning Africa, Western and Central Asia, and Latin America; delivering investment partnerships in supplier countries that will include the entire mineral value chain; minerals’ contribution to society; green technology and AI revolution; and country and project showcase.

While preparations are in full swing for FMF 2025, some notable figures in the mining, mineral and industrial sectors have already been confirmed to speak at the forum.

They include Tom Palmer, CEO of Newmont Corporation, the world's largest gold mining company; Jonathan Price, president and CEO of Teck Resources, one of Canada's leading mining companies; Dominic Barton, chairman of Rio Tinto, one of the world's largest mining companies; Mark Cutifani, chairman of Vale Base Metals; Robert Friedland, founder and co-CEO of Ivanhoe Mines; Bob Wilt, CEO of Maaden; Jeremy Weir, chairman and CEO of Trafigura; Duncan Wanblad, CEO of Anglo American; and Rohitesh Dhawan, CEO of the International Council on Mining and Metals, among other distinguished personalities.

Since its inception in 2022, FMF has charted many progressive initiatives, such as being a voice for the Super Region and other supplier countries.

In 2023, the Ministerial Roundtable participants agreed to collaborate on four initiatives: development of a regional critical minerals framework to promote global collaboration and maximise the creation of value in supplier countries; creation of green metals hubs in the Super Region enabled by new technologies and powered by renewable energy; development of a framework setting our regional expectations for the responsible production of minerals based on transparency of supply chains; and creation of centres of excellence in the Super Region covering Africa, Western, and Central Asia as foundational pillars for capacity building across mineral value chains.

The third edition of FMF brought together over 14,000 participants from 133 countries, including ministers, senior government officials, leaders of international organizations, and C-level executives from global mining and mineral companies. The forum also saw the signing of 75 minerals deals worth around SAR75 billion.

 

 




Tags: Saudi Arabia | Future Minerals Forum |

More Miscellaneous Stories


Markets

calendarCalendar of Events

Partners

4580

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com