Saudi Arabian mining minister to visit Brazil, Chile to prospect business ops
Saudi Arabian government representatives are set to visit Brazil and Chile this month in order to assess investment opportunities in mining and other sectors in both nations.
The Middle Eastern country's minister of industry and mineral resources, Bandar Ibrahim Alkhorayef, and vice minister for mining affairs, Khalid Saleh Al-Mudaifer, will visit South America from July 22 to July 30.
"This high-level visit aims to strengthen bilateral ties, attract investments into Saudi Arabia, and seek mutually beneficial investment opportunities in both mineral and industrial sectors," the Saudi Arabian government said in a statement released through state-run news agency SPA.
"The ministry’s delegation will visit major cities in Brazil, including São Paulo, Brasília, Rio de Janeiro, and Santiago in Chile. This visit aligns with Saudi Arabia's Vision 2030 goals to diversify the economy and turn the Kingdom into an industrial and economic powerhouse."
"Brazil and Chile are renowned for their vast mineral resources, with the former sharing a longstanding bilateral relationship spanning over 50 years with Saudi Arabia," it added.
In Brazil, the officials will visit mining association Ibram and local mining giant Vale, as well as Brazilian meatpackers Minerva Foods, JBS and BRF.
Saudi Arabia already has a portfolio of investments in Brazil, including a recently acquired 10% stake in Vale Base Metals, secured through Manara Minerals, a joint venture between the Public Investment Fund (PIF) and Ma’aden.
Meanwhile, in Chile, Alkhorayef will meet with Chilean mining minister Aurora Williams, other ministerial officials and key leaders from Chilean industry federation Sofofa, along with executives at state-run miner Codelco, Antofagasta plc, and other companies.
Chile is a global powerhouse in copper and lithium, which is a key mineral for the manufacture of electric vehicles, which is in line with Saudi Arabia's plans to expand production of these vehicles.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Mining & Metals
Chile starts lithium contract awarding process
The government plans to award contracts to three entities with operations in strategic salt flats.
'The sky's the limit' for gold prices in the Trump era
Gold projects in Mexico are set to benefit from current global developments, BNamericas was told.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Mining & Metals
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Yecora
- Current stage:
- Updated: 6 hours ago
- Project: Planalto
- Current stage:
- Updated: 5 hours ago
- Project: Nuevo Cobre
- Current stage:
- Updated: 6 hours ago
- Project: Zafranal
- Current stage:
- Updated: 14 hours ago
- Project: Rio Grande (NOA Lithium Brines)
- Current stage:
- Updated: 1 day ago
- Project: Yergo
- Current stage:
- Updated: 1 day ago
- Project: Don Pancho
- Current stage:
- Updated: 13 hours ago
- Project: La Victoria
- Current stage:
- Updated: 1 day ago
- Project: Sarita Este/Desierto
- Current stage:
- Updated: 1 day ago
- Project: Cobreorco
- Current stage:
- Updated: 2 days ago
Other companies in: Mining & Metals
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Prospero Silver Corp. (Prospero Silver)
- Prospero Silver Corp. is a Canadian company incorporated in Vancouver in the year 2008 which explores and acquires mining properties in Mexico. Based in Sinaola, Prospero Silver...
- Company: Exploraciones del Altiplano S.A. de C.V. (Exploraciones del Altiplano)
- Exploraciones del Altiplano S.A. de C.V. is a Mexican mineral exploration company that holds concession licenses for mining properties. In October 2017, the company entered an a...
- Company: PPX Mining Corp. (PPX Mining)
- PPX Mining Corp., formerly Peruvian Precious Metals, is a Canadian exploration and development company with assets in Peru. Founded in 1987, the company is engaged in the acquis...
- Company: Barrick Latam
- Gold mining company Barrick Latam operates as the regional business unit of Canada's Barrick Gold Corp. in Argentina, Chile, Peru and Dominican Republic. The company today owns ...
- Company: Minera Alamos México
- Company: Cobre 4H S.A. de C.V. (Cobre 4H)
- Company: Minera Alamos Inc. (Minera Alamos)
- Canadian gold development company Minera Alamos owns a portfolio of gold assets in Mexico, including Santana, an open-pit, heap-leach project in Sonora expected to begin product...
- Company: WEG Equipamentos Eletricos S.A. (WEG Brasil)
- The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
