RIYAD: The president of the Canadian company Ivanhoe Mines Ltd. called the Kingdom’s mining potential “huge”, saying “Ivanhoe would love to be a part of it.”

“We believe that the [Arabian Shield’s] the potential is limitless for diamonds, rare earths, lithium, copper, gold and other minerals that we haven’t even thought of, ”said Robert Friedland.

“It’s big. It’s unexplored, and it’s blessed with cheap energy, at the bottom of the global cost curve, with new infrastructure and proximity to markets,” he added.

Ivanhoe Mines Ltd. is a Canadian mining exploration and development company and a major producer of “green copper”. It focuses on areas where it can make “very large discoveries”.

It’s big. It’s unexplored, and it’s blessed with cheap energy, at the bottom of the global cost curve, with new infrastructure and proximity to markets.

President of Ivanhoe Mines Ltd Robert Friedland

Saudi Arabia is preparing to host the Future Minerals Summit in Riyadh from January 11-13 next year to boost the region’s mining industry.

Friedland confirmed his participation in the summit, known as the FMS, citing it as “very important” for the mining sector.

The three-day conference is expected to attract more than 2,000 participants, 150 investors, 100 international speakers, 100 mining companies and 15 ministers and heads of state from more than 95 countries.

FMS will also include Barrick Gold and Alcoa CEOs Mark Bristow and Roy Harvey, and Fortescue Metals chairman Andrew Forrest, the Saudi Ministry of Industry and Mineral Resources has confirmed.

The summit, serving as a global platform, will provide opportunities for the establishment of partnerships and the exchange of technical knowledge in the field of mining.

This is part of the efforts of the Gulf State to develop and develop the mining sector of the Middle East, Central Asia and North Africa region and attract foreign investment to the region. local market.

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