Saudi mining law 'inspired by Canada, Australia, and Africa'
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RIYADH: The Saudi mining law, approved in 2020, will enable foreign investors easier access to the under-developed market in the Kingdom, a lawyer involved in drafting the legislation said. The law was formed to streamline the process of obtaining licenses and attract investors to the sector by reducing administrative discretion, bureaucracy, and other possible hurdles.
RIYADH: Saudi Arabia has in recent years been under scrutiny as a major player in the oil-based carbon economy, but it is now drawing praise for its strategic shift towards the discovery and extraction of minerals and metals. In an online media session to discuss the implications of the Kingdom’s new mining regime, global industry leaders and specialist lawyers were unanimous
Rio Tinto's plan to mine lithium in Serbia has been scuttled in the wake of Novak Djokovic's deportation and against a backdrop of huge anti-mining protests and the country's upcoming elections in April, reports Binoy Kampmark.
On the face of it, there seems to be little in the way of connection between the treatment of Novak Djokovic by Australian authorities and the cooling of the Serbian government towards Rio Tinto. The Anglo-Australian mining giant was confident that it would, at least eventually, win out in gaining the permissions to commence work […]