Nigeria and Saudi Arabia have revitalised efforts to enhance their geological agencies’ capabilities, leveraging advancements in mineral exploration by Saudi firms. During a meeting at the Future Minerals Forum in Riyadh, Saudi Mining Minister Bandar Al-Khorayef confirmed collaboration between the government and private sector to introduce new technologies for mineral exploration.

Engr. Al-Khorayef responded to a proposal from Nigeria’s Minister of Solid Minerals Development, Dr Dele Alake, who advocated for partnerships capitalising on economic advantages. Alake highlighted that both countries could benefit from the sector’s value chain, especially through Nigeria’s access to Saudi Arabia’s gold market.

Nigeria’s minister, alongside his finance counterpart Dr Doris Uzoka-Anite, engaged Saudi Chamber of Commerce officials, seeking investments in Nigeria’s mining sector, particularly focusing on lithium and iron ore reserves. To enhance investment security, Alake assured the provision of relevant mineral data via the Nigerian Geological Survey Agency.

Alake noted the global industry’s pivot towards electric machinery that utilises lithium batteries, positioning Nigeria as a vital supplier of essential minerals. He emphasised that partnerships with Saudi investors would bolster the export of refined industrial products, drawing parallels with Saudi investments in steel production.

He cited examples of iron ore processing in Nigeria, showcasing existing successful companies, and mentioned the availability of advanced laboratories in Nigeria for mineral analysis, contributing to efficient mining operations.

The collaboration between Nigeria and Saudi Arabia aims to enhance the capabilities of their geological sectors, particularly in mineral exploration. This initiative comes against the backdrop of Saudi Arabia’s advancements in mining technology and Nigeria’s significant mineral resources, including lithium and iron ore, crucial for today’s electric machinery market.

The renewed collaboration between Nigeria and Saudi Arabia seeks to leverage technological advancements in mining to improve the sector’s capabilities. By integrating efforts, both nations aim to expand economic opportunities, specifically in mineral exploration and processing, ensuring mutual benefits and investment security.

Original Source: leadership.ng

The post Nigeria and Saudi Arabia Strengthen Mining Sector Collaboration first appeared on Nigerian Mining News.

Nigeria and Saudi Arabia are collaborating to enhance their geological agencies through the advancements achieved by Saudi firms in mineral exploration. This commitment was expressed during a closed-door meeting between officials from both countries at the Future Minerals Forum in Riyadh. Saudi Minister of Mining, Bandar Al-Khorayef, stated that both the government and private sector are partnering to implement innovative technologies in mineral exploration, spotlighting new products showcased at the event for public engagement and awareness.

The relationship between Nigeria and Saudi Arabia in the mining sector is growing, particularly in the area of technological advancements in mineral exploration. The Future Minerals Forum is a significant platform for these discussions, aimed at improving operational capacities and promoting best practices in mining through cooperative efforts. Saudi Arabia has made strides in mineral exploration, which serves as a model for Nigeria’s geological initiatives.

The collaboration between Nigeria and Saudi Arabia signals a proactive approach to mining development, leveraging technology and strategic partnerships. Both nations are focused on improving their geological capacities, with a clear commitment to adopting new techniques and enhancing awareness of mineral resources.

Original Source: ait.live

The post Nigeria and Saudi Arabia Strengthen Ties Through Joint Mining Initiatives first appeared on Nigerian Mining News.

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

The post Nigeria and Saudi Arabia Strengthen Collaboration on Mining Projects first appeared on Nigerian Mining News.