Saudi Arabia’s Third Future Minerals Forum Holds January 2024
The third edition of the Future Minerals Forum (FMF) of the Saudi Ministry of Industry and Mineral Resources (MIM) will be held from January 9-11, 2024, at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia, under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud.
FMF is an essential platform for the super-region, which stretches from Africa to West and Central Asia, bringing together industry leaders, investors, policymakers and experts to collectively shape the future of the minerals sector.
FMF 2023 drew more than 250 speakers and over 13,000 participants and the third edition is poised to build upon that success by fostering greater discussions and actionable strategies for propelling the global minerals sector forward. It will offer a deep dive into a wide spectrum of topics and critical issues facing the global minerals industry, including sustainability practices and standards, developing green and future minerals value chains and attracting investment in the super-region, integrating knowledge and technology in mining operations, and the role of the minerals sector in developing local economies and societies.
“The third edition of FMF underscores the mining and minerals sector as a pivotal pillar in Vision 2030, playing a crucial role in the global shift towards clean energy. Our commitment to supporting technology adoption for environmentally conscious mining, and to foster global advancement in the minerals sector, especially within the super-region. Recognizing the sector’s challenges, there’s an urgency to develop a clear roadmap and address the growing demand for critical minerals essentials for energy transition. We must facilitate dialogue, decision-making, and collaboration among stakeholders to realize our ambitious energy transition goals,” said Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef.
Continuing to serve as a cornerstone of the annual Forum, the ministerial roundtable will take place on January 9 and bring together the global mining ministries, and other key stakeholders including non-governmental organizations. These high-level representatives will deliberate on pressing issues facing the mining sector, setting the stage for international cooperation and collaboration.
The statement from the ministry states that the main events of FMF will take place on January 10-11 convening ministers, mining investment leaders, and several prominent leaders and innovators from a cross-section of global minerals and mining companies. These sessions will foster rich dialogue on industry trends, investments, and sustainable practices.
The substantial achievements of prior editions of FMF include the signing of over 60 agreements, including a significant joint venture between Ma’aden and the Saudi Public Investment Fund (PIF). The JV developed into Manara Minerals providing investment opportunities for mining assets globally, while securing strategic minerals essential for Saudi Arabia’s economic development and global supply chain resiliency. Manara Minerals recently completed its first transaction, acquiring 10 per cent of Vale’s Base Metals.