From Oil to Ore: Saudi Arabia's Bold Plan to Dominate Mining – Khalid Al-Mudaifer

New gold and lithium discoveries in Saudi Arabia - what does it mean for the global market? Kitco’s Senior Mining Editor and Anchor Paul Harris speaks with H.E. Khalid Al-Mudaifer, Vice-Minister for Mining Affairs of the Kingdom of Saudi Arabia, at the Future Minerals Forum in Riyadh. Al-Mudaifer discusses Saudi Arabia's ambitious push to develop its mineral resources and establish mining as the third pillar of its industrial sector, following oil and gas and petrochemicals. The interview highlights significant announcements, including new gold discoveries. Al-Mudaifer stresses the importance of partnerships in building the mining sector, drawing parallels with the development of the oil and petrochemical industries. He outlines Saudi Arabia's strategy to leverage its capital, infrastructure, strategic location, and geological resources to become a mineral processing hub.

Key Points:
- Vision 2030
- Strategic Partnerships
- Aggressive Exploration
- Incentives & Policy

Special thanks to our sponsor, the Future Minerals Forum (FMF), for making this coverage possible. Visit https://www.futuremineralsforum.com/ to learn more. 

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00:00 Welcome to the Future Minerals Forum
02:59 Major Announcements and Partnerships
03:39 Saudi Arabia's Vision 2030 and Mining Transformation
05:29 Exploration and Technological Advancements
08:03 Roadmap for the Mining Sector
11:31 Global Impact and Lessons from Oil Industry

Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.