Minister of Petroleum and Mineral Resources Tarek El Molla participated in the roundtable meeting of mining ministers, which was held within the framework of the Future Minerals Conference organized by the Kingdom of Saudi Arabia in its capital, Riyadh, from January 10 to 12, the Ministry said in a statement.
The round table meeting, in which ministers and officials from 60 countries participated, dealt with the challenges facing the mining sector in the world, foremost of which is the significant growth in demand for minerals necessary for efforts to reduce global warming, which represents a goal that was approved for the first time in The Paris Agreement in 2015 and confirmed at COP 27, which was held recently in Egypt, in Sharm El-Sheikh.
In this context, the ministerial meeting discussed several issues regarding the development of the mining sector in promising regions, including Africa all way to the western and central parts of Asia. They also addressed the region’s ability to meet the global demand for strategic minerals, develop its economies, and promote responsible practices within the mining business in accordance with high standards of environmental and social responsibility.
This is in addition to discussing opportunities for participation and cooperation in developing a strategic mineral business strategy, global expectations of the region in this regard, ways to develop human resources in the field of mining, and the ability to provide financing and innovation.
During the meeting, the participants stressed the importance of enhancing coordination and cooperation between their countries to develop supply chains for minerals necessary for the global transition to green energy.