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Saudi Arabia's scores have significantly improved in de-risking mining investments over the past five years with the kingdom emerging as standout best-performing mining jurisdiction in the World Risk Report 2023 by MineHutte Mining Journal Intelligence.
The Ethiopian Enterprise Development (EED) released its performance report for the nine months of the 2023/24 fiscal year.
Saudi Deputy Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Al-Mudaifer said that the Kingdom’s contribution to global food security is about 25 percent of phosphate fertilizers, which feed nearly a billion people daily in the world. Saudi Arabia is focusing on exploiting minerals that can build an advanced industry, including phosphate, which is used in manufactured fertilizers, and is interested in purchasing the material from agricultural countries or those seeking to achieve food security.
Several ministers underlined the necessity of integrated work to explore the mining wealth in the region, including critical minerals, noting that Saudi Arabia has deployed extensive efforts in localizing and investing in this industry. A ministerial meeting was held, on the sidelines of the third edition of the Future Minerals Forum, which kicked off on Tuesday in Riyadh under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz. Flow of investments
The Federal Government plans to grant tax waivers on imported equipment to be used in the mining sector, the Minister of Solid Minerals Development, Dele Alake, hinted on Wednesday.