Saudi Delegation in Brazil to Boost Mining Sector
A high-level Saudi delegation is in Brazil to strengthen bilateral ties and advance Saudi Arabia’s mining sector.
Exploring Advanced Technologies at Vale’s Carajas Mines
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visited Vale’s Carajas mines to learn about advanced technologies used in mineral extraction and processing.
Transferring Knowledge and Expertise
Accompanied by Deputy Minister of Industry and Mineral Resources Khalid Al-Mudaifer, Alkhorayef engaged with Vale officials on transferring knowledge and expertise, particularly in mining within rainforests and nature reserves.
Discussions on Expansion Plans and Cooperation
Discussions covered Vale’s expansion plans in Saudi Arabia and potential cooperation in developing the Carajas mines, which produce over 300 million tons of iron ore annually.
Strengthening International Partnerships
Alkhorayef’s visit to South America aims to strengthen bilateral ties and explore mutual investment opportunities in various industrial sectors.
Boosting Saudi Arabia’s Mining Sector
Saudi Arabia is focused on developing its mining sector to boost the national economy and establish mining as a third pillar of its industrial division.
Fostering International Partnerships
In talks with Vale Mining Co. CEO Eduardo Bartolomeo, Al-Mudaifer emphasized Saudi Arabia’s commitment to fostering international partnerships and attracting investment in its emerging mining industry.
Embracing Modern Technologies for Sustainability
The discussions focused on adopting modern technologies to enhance production efficiency and environmental sustainability, aiming for carbon neutrality in the coming decades.
Strategic Acquisitions and Investments
Saudi Arabia’s strategic acquisition of a 10 percent stake in Vale Basic Metals Co. underscores its commitment to strengthening international partnerships and boosting the mining sector.
Valuable Partnership with Brazil
Brazil’s rich mining resources and extensive expertise make it a valuable partner for Saudi Arabia, with strong bilateral relations and significant cooperation in various sectors.