Al-Mudaifer: Africa has the opportunity to champion new mineral age

The 30th African Mining Indaba is currently underway in Cape Town, and the spotlight is on how Africa can lead the charge in a new mineral age. Khalid Al-Mudaifer, Vice-Minister for Mining Affairs at the Kingdom of Saudi Arabia, shared insights on the potential for Africa to champion this transition and highlighted Saudi Arabia's Vision 2030, a blueprint for the country's industrial growth. Al-Mudaifer pointed out the profound changes underway in Saudi Arabia's mining sector, emphasizing the importance of mining in feeding industrial growth and mega projects. With two trillion dollars worth of projects in progress in the country, mining plays a crucial role in supplying the necessary ores and minerals. To support this growth, Saudi Arabia has implemented reforms to attract international investment and accelerate exploration. The Vice-Minister also discussed the global shift towards renewables and low-carbon technologies, which are driving demand for critical minerals. He stressed the interconnectedness of Africa and the Middle East in meeting this demand, highlighting the need for collaboration and investment in the mining sector. Al-Mudaifer underscored Africa's significance in the global mining landscape, noting that without the continent's mineral resources, energy transition goals would be unattainable. Addressing the geopolitics shaping the mining industry, Al-Mudaifer emphasized the importance of multilateral investment and cooperation to meet mineral supply needs. He acknowledged the challenges posed by geopolitical dynamics but remained optimistic about the potential for partnerships to drive sustainable mining growth. Looking ahead, Al-Mudaifer highlighted the key factors for successful mining operations, including robust regulatory frameworks, infrastructure development, and cross-border collaboration. He emphasized the role of governments and private sector players in working together to create a conducive environment for mining investments. In conclusion, Al-Mudaifer's insights shed light on the opportunities and challenges facing the mining sector in Africa and the Middle East. With a shared vision for sustainable mining growth, the two regions stand poised to lead the way in the global mineral age.