https://newsletter.en.creamermedia.com
Aviation|Copper|Energy|Industrial|Infrastructure|Manufacturing|Mining|Power|PROJECT|Projects|Renewable Energy|Resources|Water|Solutions|Infrastructure
Aviation|Copper|Energy|Industrial|Infrastructure|Manufacturing|Mining|Power|PROJECT|Projects|Renewable Energy|Resources|Water|Solutions|Infrastructure
aviation|copper|energy|industrial|infrastructure|manufacturing|mining|power|project|projects|renewable-energy|resources|water|solutions|infrastructure

Saudi Arabia to visit Brazil and lithium power Chile as seeks to diversify

22nd July 2024

By: Reuters

  

Font size: - +

RIYADH - Saudi Arabia's mining minister will visit Brazil and Chile over the coming two weeks, the ministry said on Sunday, as the world's leading oil exporter seeks to expand its international presence in mining.

In Brazil, talks will cover mining, food processing, and aviation, while in Chile the focus is on lithium, needed for electric vehicle batteries.

"This aligns with the Kingdom's direction towards expanding the production of EVs," a Saudi government statement said.

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayaf will land in Brazil on Monday and leave for Chile, the world's second largest producer of lithium, next Sunday.

First in Brazil, Alkhorayaf will meet agricultural and industrial groups, including Minerva Foods, JBS, and BRF, as well as the Brazilian Mining Association (IBRAM) and mining company Vale.

In Chile, Alkhorayaf will meet his counterpart Aurora Williams, as well as mining companies Antofagasta, and Codelco, a state-run company tasked with bringing the Chilean government into the lithium industry.

Codelco has been seeking private sector partners to launch lithium projects.

A potential candidate is Saudi Arabia's Almar Water Solutions, whose chief executive said in June the company sought a partnership with Codelco in its planned Maricunga lithium mining project.

Long dependent on oil, Saudi Arabia hopes to use lithium to help diversify its economy and turn itself into a hub for EV manufacturing.

The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt, and nickel as well as lithium.

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), and the Kingdom's Mining Company, known as Ma'aden, which is 67% owned by the PIF, formed a joint venture called Manara Minerals to invest in mining assets abroad.

Brazil's minister for energy Alexandre Silveira said last month the PIF plans to invest $15-billion in Brazil in areas such as green hydrogren, infrastructure, and renewable energy.

Edited by Reuters

Comments

Research Reports

Latest Multimedia

Photo of Martin Creamer
On-The-Air (06/09/2024)
6th September 2024 By: Martin Creamer

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Unisa, Inqaba Biotec launch next-generation DNA
Unisa, Inqaba Biotec launch next-generation DNA
4th September 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.17 0.259s - 194pq - 2rq
Subscribe Now