Nigeria and Saudi Arabia have renewed their plans to enhance mining capabilities by collaborating on innovations in mineral exploration, with a focus on mutual economic benefits. Key discussions at the Future Minerals Forum highlighted potential partnerships, particularly in gold refining and exploration technology.
Nigeria and Saudi Arabia are collaborating to enhance their geological agencies by utilising Saudi advances in mineral exploration. Discussions commenced at the Future Minerals Forum in Riyadh, led by Nigeria’s Minister of Solid Minerals Development, Dele Alake, advocating for partnerships centred on the mining sector’s value chain.
Alake highlighted that Nigeria’s gold refineries could access the Saudi gold market, supported by protective clauses to ensure mutual benefits and economic growth for both nations. Saudi Arabia’s mining minister, Bandar Al-Khorayef, confirmed that the government and the private sector are jointly pursuing innovative technologies for mineral exploration, which will also aid other countries.
The renewed mining partnership between Nigeria and Saudi Arabia seeks to capitalise on both nations’ strengths within the minerals sector. Nigeria, rich in mineral resources, looks to improve its mining practices by learning from Saudi Arabia’s successful gold market. The Future Minerals Forum served as an ideal venue for initiating these discussions, aimed at bolstering economic cooperation in mineral exploration.
The collaboration between Nigeria and Saudi Arabia in the mining sector is poised to enhance mutual economic growth. By leveraging Saudi Arabia’s advancements in mineral exploration, both countries can benefit from shared resources and technologies. This partnership highlights the importance of international cooperation in developing the mining industry.
Original Source: nta.ng