Company Insights Ma’aden Mining Ma’aden News Manufacturing Saudi’s Maaden unit strikes deal with EV maker Lucid A subsidiary of the Saudi Arabian Mining Company (Maaden) has signed an agreement to supply aluminium sheets to US electric vehicle maker Lucid Motors. Maaden Rolling Company signed the deal with Lucid – which is 60.2 percent owned by Saudi Arabia’s Public Investment Fund – during the Future Minerals Forum in Riyadh. The deal will […] January 30, 2024 Manufacturing Cobalt refinery to support Saudi EV ambitions A European mining company has announced plans to develop a refinery in Saudi Arabia to process cobalt hydroxide into cobalt sulphate, which is used in electric vehicle (EV) batteries. Luxembourg-based Eurasian Resources Group (ERG) said the project aims to strengthen its position as a strategic supplier to the chemicals sector, particularly in batteries for EVs. […] January 16, 2024 Oil & Gas Saudi energy minister: There’s more to us than just oil Saudi Arabia should no longer be described as an oil producer but an energy provider, the kingdom’s oil minister said this week. Prince Abdulaziz bin Salman told a minerals forum in Riyadh that Saudi Arabia aims to be a provider of all forms of energy, with global companies welcome to manage the entire process themselves […] January 11, 2024 Industry Mars Rover tech digs into Saudi mineral potential A mining and natural resources company is deploying technology based on Nasa’s Mars Rover in Saudi Arabia, as the kingdom ramps up its mineral wealth potential. Eurasian Resources Group (ERG) unveiled its Nomad robot at the Future Mineral Forum in Riyadh on Wednesday. It said the technology will “change early-exploration efforts as we know them”. […] January 10, 2024 Industry Maaden discovers ‘significant’ gold reserves in Saudi Arabia Maaden, Saudi Arabia’s flagship mining company, has discovered “significant” gold resource potential south of the existing Mansourah Massarah gold mine. The potential find, along a 100 km stretch, was the first under an extensive exploration programme launched in 2022, the company said in a statement. Samples showed the presence of high-grade gold deposits of 10.4 […] January 3, 2024 Finance Abu Dhabi’s IRH to invest $1.1bn in Zambia copper mines UAE-based International Resources Holdings (IRH) will invest $1.1 billion as a strategic equity partner in Zambia’s Mopani Copper Mines (MCM). The investment will fund Mopani’s working capital, business expansion plan and pay off part of the $1.5 billion debt owed to previous owner Glencore, state-owned ZCCM Investments Holdings (ZCCM-IH) said in a statement. The Abu […] December 25, 2023 Analysis Industry Middle East craves a copper-bottomed future While recent weeks have seen some major ups and downs in the price of copper, for many old hands in the sector this is nothing new. “The one sure thing in copper,” Carlos Risopatron, director of economics and environment at the International Copper Study Group, tells AGBI, “is that you can always rely on volatility.” […] December 22, 2023 Manufacturing Saudi and Morocco vie for lead in Mena EV race Two clear frontrunners in the global electric vehicle race have emerged in the Middle East and North Africa region. Both Saudi Arabia and Morocco have accelerated efforts to develop their EV capabilities in 2023, with a series of multi-million-dollar investments and partnership deals. The two kingdoms see the EV industry as central to achieving economic […] December 22, 2023 Analysis Industry Future is rosy for Mena phosphate producers With Morocco and Saudi Arabia now holding the bulk of the world’s high-quality, accessible phosphate rock reserves, the Middle East and North Africa (Mena) region is a major centre for the phosphate mining industry’s future growth, analysts say. Morocco alone holds around 70 percent of the world’s total reserves of phosphate rock, the raw material […] November 17, 2023 Analysis Renewable Energy Startup touts alternative EV batteries for Saudi industry A startup developing non-lithium batteries for electric vehicles (EVs) says they are better suited to Gulf climates where flammability is a risk. But industry experts say it will be difficult to penetrate the car industry where lithium options are baked into budgets. Mukesh Chatter, founder of Alsym Energy, argued his case to regional political and […] November 1, 2023 Posts navigation Previous 1 … 5 6 7 8 Next
Manufacturing Saudi’s Maaden unit strikes deal with EV maker Lucid A subsidiary of the Saudi Arabian Mining Company (Maaden) has signed an agreement to supply aluminium sheets to US electric vehicle maker Lucid Motors. Maaden Rolling Company signed the deal with Lucid – which is 60.2 percent owned by Saudi Arabia’s Public Investment Fund – during the Future Minerals Forum in Riyadh. The deal will […] January 30, 2024
Manufacturing Cobalt refinery to support Saudi EV ambitions A European mining company has announced plans to develop a refinery in Saudi Arabia to process cobalt hydroxide into cobalt sulphate, which is used in electric vehicle (EV) batteries. Luxembourg-based Eurasian Resources Group (ERG) said the project aims to strengthen its position as a strategic supplier to the chemicals sector, particularly in batteries for EVs. […] January 16, 2024
Oil & Gas Saudi energy minister: There’s more to us than just oil Saudi Arabia should no longer be described as an oil producer but an energy provider, the kingdom’s oil minister said this week. Prince Abdulaziz bin Salman told a minerals forum in Riyadh that Saudi Arabia aims to be a provider of all forms of energy, with global companies welcome to manage the entire process themselves […] January 11, 2024
Industry Mars Rover tech digs into Saudi mineral potential A mining and natural resources company is deploying technology based on Nasa’s Mars Rover in Saudi Arabia, as the kingdom ramps up its mineral wealth potential. Eurasian Resources Group (ERG) unveiled its Nomad robot at the Future Mineral Forum in Riyadh on Wednesday. It said the technology will “change early-exploration efforts as we know them”. […] January 10, 2024
Industry Maaden discovers ‘significant’ gold reserves in Saudi Arabia Maaden, Saudi Arabia’s flagship mining company, has discovered “significant” gold resource potential south of the existing Mansourah Massarah gold mine. The potential find, along a 100 km stretch, was the first under an extensive exploration programme launched in 2022, the company said in a statement. Samples showed the presence of high-grade gold deposits of 10.4 […] January 3, 2024
Finance Abu Dhabi’s IRH to invest $1.1bn in Zambia copper mines UAE-based International Resources Holdings (IRH) will invest $1.1 billion as a strategic equity partner in Zambia’s Mopani Copper Mines (MCM). The investment will fund Mopani’s working capital, business expansion plan and pay off part of the $1.5 billion debt owed to previous owner Glencore, state-owned ZCCM Investments Holdings (ZCCM-IH) said in a statement. The Abu […] December 25, 2023
Analysis Industry Middle East craves a copper-bottomed future While recent weeks have seen some major ups and downs in the price of copper, for many old hands in the sector this is nothing new. “The one sure thing in copper,” Carlos Risopatron, director of economics and environment at the International Copper Study Group, tells AGBI, “is that you can always rely on volatility.” […] December 22, 2023
Manufacturing Saudi and Morocco vie for lead in Mena EV race Two clear frontrunners in the global electric vehicle race have emerged in the Middle East and North Africa region. Both Saudi Arabia and Morocco have accelerated efforts to develop their EV capabilities in 2023, with a series of multi-million-dollar investments and partnership deals. The two kingdoms see the EV industry as central to achieving economic […] December 22, 2023
Analysis Industry Future is rosy for Mena phosphate producers With Morocco and Saudi Arabia now holding the bulk of the world’s high-quality, accessible phosphate rock reserves, the Middle East and North Africa (Mena) region is a major centre for the phosphate mining industry’s future growth, analysts say. Morocco alone holds around 70 percent of the world’s total reserves of phosphate rock, the raw material […] November 17, 2023
Analysis Renewable Energy Startup touts alternative EV batteries for Saudi industry A startup developing non-lithium batteries for electric vehicles (EVs) says they are better suited to Gulf climates where flammability is a risk. But industry experts say it will be difficult to penetrate the car industry where lithium options are baked into budgets. Mukesh Chatter, founder of Alsym Energy, argued his case to regional political and […] November 1, 2023
