Bullion has risen 10.5 per cent so far in September, and is on track for its biggest monthly percentage gain since July 2020
Saudi Arabia’s mining sector is backed by SAR246bn in committed investments and untapped resources valued at around $2.5tn, according to government data
Former UK Deputy Prime Minister and Foreign Secretary, Dominic Raab, exclusively writes for Gulf Business on how the GCC can play a bigger global role in critical mineral supply chains
The US-Saudi agreement on critical minerals is a promising start, but its success hinges on building transparent, scalable, and reliable supply chains
The venture will initially invest $1.2bn over four years in mining companies in emerging markets in Africa, Asia and Latin America
The venture will focus on energy transition minerals, with commercial lithium production scheduled to commence by 2027
The precious metal has been found spread across a 32-kilometre long stretch
The Abu Dhabi state investor and the trading company completed their acquisition of Porto Sudeste in early 2014
First Quantum owns the Kansanshi and Sentinel copper mines in Zambia, which have become key to future output after Cobre Panama’s shutdown
The deal is valued between $963.25m and $1.06bn (BHD363m and 398m), and the proceeds will help SABIC grow in the chemicals industry
The potential deal is set to reshape the aluminium market, positioning the merged entity as one of the largest aluminium producers worldwide
The deal, which is expected to be completed in Q1 2025, is subject to regulatory and corporate approvals
The kingdom is working to secure access to lithium and other minerals as part of its goal to turn itself into a hub for battery and EV manufacturing
London Metal Exchange will undertake consulting on the final rulemaking around the Jeddah expansion, but said it remains positive on that initiative
Chile is the world’s second-largest producer of lithium
The kingdom’s growing mining industry is a key pillar in Crown Prince Mohammed Bin Salman’s Vision 2030 programme to diversify the economy away from oil dependency
The company is still determining which extraction method to use, but will likely begin with a mix of direct lithium extraction and evaporation pools
The mining company’s strategic investment in ANS Exploration represents a proactive approach to identifying and collaborating with partners that exhibit promising growth prospects
The transaction represents the largest investment ever made in the Australian fertiliser industry
In 2023, non-oil trade between the UAE and Kenya rose by 26.4 percent year-on-year to $3.1bn
The mining firm’s offer for a controlling stake in Vedanta Resources is non-binding and talks are ongoing
The joint-venture company aims to initially invest in iron ore, copper, nickel, and lithium as a non-operating partner taking minority equity positions
The kingdom is looking to leverage an estimated $1.3tn worth of vastly underexplored metals and minerals to support its sustainable development goals and the clean energy transition
The mining company reported that sales rose 95 per cent quarter-on-quarter to SAR11.9bn, bringing H1 2022 sales to SAR20.8bn, an 80 per cent improvement on H1 2021
Bitcoin miners had been flocking to Texas for its low electricity prices and liberal regulations on crypto mining
The partnership involves the operation of the Soto Norte Gold Project in Colombia, one of the world’s largest feasibility-stage gold projects
The two entities completed completed the sale of 100 per cent stake of MATSA to Australian company Sandfire Resources
Newer energy technologies, such as solar power and batteries, may not require tankers of fuel to work, but they do need minerals to build them
In a research, Sophos describes new variants of the miner that include a PowerShell script that attempts to disable malware protection
Authorities said crypto transactions in China are banned and they will root out mining of digital assets