RIYADH, Saudi Arabia, January 11, 2024 /PRNewswire/ — The first day of the third edition of the Future Minerals Forum (FMF) saw the signing of 20 agreements and MoUs worth a total of 27 billion SAR Rials between government agencies, businesses and other organizations participating in the Forum.
These included agreements related to mineral exploration, technology and communications, as well as the application of sustainability standards, localization, qualification and industrialization in the minerals sector. Details of the 33 sites available for exploration this year and the first mining belt that will be made available for exploration in the region at Jabal Sayid, an area of 4,000 square kilometers, were also revealed at the Forum.
The signing ceremony took place in the presence of His Excellency the Minister of Industry and Mineral Resources, Bandar AlKhorayef, His Excellency the Minister of Investment, Khalid Al-FalihHis Excellency the Minister of Transport and Logistics Services, Saleh Al JasserHis Excellency, His Excellency Deputy Minister of Industry and Mineral Resources for Mining Affairs Khalid Al-Mudaifer, and Eng. Sulaiman Al-MazrouCEO of the National Industrial Development and Logistics Services Program.
Among the government agencies and the private sector participating in the signing of these agreements and memorandums of understanding were Saudi Arabia Ministry of Industry and Mineral Resources, Ministry of Investment, Royal Commission for Jubail and Yanbu, Saudi Geological Survey, Saudi EXIM Bank and Saudi Mining Polytechnic (SMP). Signatories to the agreements included Saudi Mining Services Company, Moxico Ajlan & Bros Mining, Saudi Aramco, Al-Haytham Mining Company, Manara Minerals, Vale, Geological Survey of FinlandMaaden, Japan Metals and Energy Safety Organization, SABIC, Export-Import Bank of United Statesthe Energy and Water Academy and the Al Fada anode production company.
The third edition of the FMF kicked off this morning (January 10) at the King Abdulaziz International Conference Center (KAICC) with more than 16,000 participants from 145 countries, as well as 250 speakers. Over the course of two days, the Forum will address some of the most pressing issues for the mining sector.
SOURCE Future Minerals Forum
