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Saudi Arabia

Saudi Arabia is a country located in the Middle East, occupying most of the Arabian Peninsula. The capital is Riyadh, and the country has a population of about 36-million people. Saudi Arabia possesses the world's second-largest proven petroleum reserves and is the largest exporter of petroleum globally, making oil and gas the dominant sectors of its economy. The currency is the Saudi riyal, which is pegged to the US dollar. The country operates as an absolute monarchy under the Al Saud royal family, with the King serving as both head of state and government. Saudi Arabia is a member of the Gulf Cooperation Council, the Arab League, the Organisation of Islamic Cooperation and the G20. The economy has historically been heavily dependent on oil revenues, which account for a substantial portion of government income and export earnings. In recent years, the government has pursued economic diversification through its Vision 2030 programme, aimed at reducing dependence on oil by developing sectors such as mining, tourism, entertainment and renewable energy. Saudi Arabia holds significant mineral resources beyond hydrocarbons, including gold, copper, zinc, phosphate and other industrial minerals, and has been actively seeking foreign investment and partnerships to develop its mining sector. The country plays a significant role in global energy markets through its influence in the Organization of the Petroleum Exporting Countries and its capacity to adjust oil production levels. Saudi Arabia was unified as a modern nation-state in 1932 by King Abdulaziz Al Saud, and oil was discovered in commercial quantities in 1938, transforming the country's economy and regional influence.

Saudi Arabia News


An image of FMF
Riyadh set to host sixth Future Minerals Forum next year
Updated 38 minutes ago By: Tasneem Bulbulia

Saudi Arabia’s Ministry of Industry and Mineral Resources has announced that the sixth edition of the Future Minerals Forum (FMF), a global platform for shaping the future of minerals, will be held... 


Nisk project drilling
Canada's Power Metallic tasks engineering consultant BBA for Nisk project PEA
Updated 4 hours ago By: Marleny Arnoldi

Canadian copper, nickel, gold and silver explorer Power Metallic has appointed BBA as lead engineering consultant for a preliminary economic assessment (PEA) on the Lion and Nisk Main deposits at... 


How Middle East innovation is reshaping future infrastructure
How Middle East innovation is reshaping future infrastructure
2nd October 2026

As climate change, urbanisation and geopolitical uncertainty reshape infrastructure priorities around the world, the Middle East is emerging as a global laboratory for resilient engineering. The... 


The Sukarii gold mine
Six years after a mining reboot, Egypt's gold ambitions start to take shape
30th September 2026 By: Reuters

Egypt's mining sector drew hundreds of millions of dollars in planned investments this week as companies seek gold and other minerals in a country often seen as one of Africa's most under-explored.... 


LNG tanks
LNG buyers and sellers seek greater supply diversity amid Iran war
21st September 2026 By: Reuters

Liquefied natural gas (LNG) buyers are looking to diversify sourcing as the US-Israeli war against Iran cuts Gulf shipments, with importers seeking alternatives for the fuel from other suppliers... 


South African bank notes
Rand slides as oil price surge pressures emerging market currencies
15th September 2026 By: Reuters

South Africa's rand weakened against the dollar on Tuesday as a stronger greenback, high energy prices, and softer precious metals heightened concerns over inflation and a wider import bill. At... 


An oil tanker at sea near an offshore oil rig
Brent crude rises above $100 a barrel as Middle East conflict escalates
9th September 2026 By: Reuters

Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, breaching the symbolic barrier for the first time since July 24 as intensifying conflict in the Middle East fuelled growing... 


The Tenke Fungurume mine in the DRC
Congo extends State control over mining with bid to lock down geological data
8th September 2026 By: Reuters

Democratic Republic of Congo plans to tighten control over geological data that guides billions of dollars in mining exploration, potentially extending state influence over the development of... 


An image of road construction at the Tulu Kapi project
Kefi refines board for next stage of development in Ethiopia, appoints nonexec director
1st September 2026 By: Tasneem Bulbulia

Aim-listed Kefi Gold and Copper, which is developing projects in Ethiopia and Saudi Arabia, has appointed Danny Callow as independent nonexecutive director with immediate effect, filling the... 


An image of the Waterberg project facility
Small-scale works started at Waterberg project
21st August 2026

Following the start of a drilling campaign for metallurgical testwork purposes at its Waterberg project, platinum and palladium developer Platinum Group Metals announced in its third quarter 2026... 


Aramco signage
Aramco and Maaden to form mineral exploration venture in Saudi Arabia
18th August 2026 By: Reuters

State oil giant Saudi Aramco and Saudi mining company Maaden plan to form a joint venture that will focus on mineral exploration and hard-rock mining in the kingdom, they said on Tuesday.... 


ENDLESS POSSIBILITIES 
As infrastructure improves, regulatory frameworks mature and major mining projects gather pace, East and West Africa are creating demand for proven expertise and innovative mining solutions
Expanding horizons for Australian solutions providers
14th August 2026

With Africa fast emerging as one of the world’s most dynamic destinations for mining investment and trade, the Australian Trade and Investment Commission says for Australian mining equipment,... 


Research Institute for Innovation and Sustainability consultant Ashleigh Muller.
Modernisation of South African mining is an ‘urgent strategic priority’
14th August 2026 By: Martin Creamer

Mining modernisation, with private and public sectors as drivers, is an urgent strategic priority for the South African economy, a study undertaken by industry leaders, researchers, government... 


An image of Wood Mackenzie Macro Oils senior VP Alan Gelder
Crude oil concerns drive up costs, but supply holds
7th August 2026 By: Nadine Ramdass

While the closure of the Strait of Hormuz has increased paraxylene (PX), purified terephthalic acid (PTA) and mono ethylene glycol (MEG) prices, outright supply shortages have been limited, with... 


Road construction at Tulu Kapi
Project development at Kefi’s Ethiopia project advancing on schedule
4th August 2026 By: Sabrina Jardim

Aim-listed Kefi Gold and Copper has reported that the Phase 1 resettlement action plan (RAP) at its Tulu Kapi gold project, in Ethiopia, clearing the mining licence area for the installation of... 


A map indicating the global distribution and regional exposure profile of baseline water stress for mining and metals facilities
Competition for water resources a risk to the global energy transition, warns ICMM
22nd July 2026 By: Chanel de Bruyn

Mining and metals advocacy group the ICMM warns that water availability could, in many regions, act as a constraint on the development of new mines and related facilities, particularly for the... 


Oil tankers at sea
Goldman sees Brent exceeding $120/bbl in Q4 if Hormuz disruptions persist
21st July 2026 By: Reuters

Goldman Sachs said on Monday that Brent crude could top $120 a barrel in the fourth quarter this year and average $100 a barrel next year if flows through the Strait of Hormuz remain disrupted and... 


Oil refinery
Forget crude, war pushes refiners to the brink - Reuters
20th July 2026 By: Reuters

The global oil refining industry is flashing warning signs. The supply chain for the products that fuel the global economy is under growing stress as conflicts in the Middle East and Russia ripple... 


An image of the Komet Irrigation Trigon irrigation system at a mining operation
Reliable suppression systems improve operationality, efficiency
17th July 2026

Mining activity across the Middle East and North Africa is entering a period of significant growth, owing to economic diversification initiatives and increased investment in domestic mineral... 


Canada Prime Minister Mark Carney alongside other Canadian, Saudi Arabian, Hatch and Maaden officials
Canada's Hatch inks strategic delivery owner-partnership agreement with Saudi Arabian miner
14th July 2026 By: Marleny Arnoldi

Canada's Prime Minister Mark Carney has joined Canadian engineering consultancy Hatch and a Saudi Arabian mining company in signing a strategic delivery owner-partnership agreement to accelerate... 


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pqt: 0.097s - ct: 0.152s - 275pq - 2rq
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