Saudi Arabia to transform mining sector with $1.3 trillion of mineral value

Not only does Saudi Arabia’s Vision 2030 program embrace several societal reforms and changes for the kingdom, it aims to diversify the kingdom’s economy away from fossil fuels. The mining sector is poised to benefit. “We have estimated that the Arabian Shield has around $1.3 trillion worth of potential mineral value. We are scaling up our exploration. We are launching one of the most ambitious regional geographical surveys in the world,” explained Khalid Al-Mudaifer, Vice-Minister for Mining Affairs, Ministry of Industry and Mineral Resources, Saudi Arabia. He spoke to Michelle Makori, Lead Anchor and Editor-in-Chief of Kitco News at the Mines and Money London conference. Follow Michelle Makori on Twitter: @MichelleMakori () __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit Follow us on social media: Facebook - Twitter - StockTwits - Live gold price and charts: Live silver price and charts: Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.