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Saudi Arabia Inks Mining Agreements with Several Govts at Fourth Future Minerals Forum

The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)
The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)
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Saudi Arabia Inks Mining Agreements with Several Govts at Fourth Future Minerals Forum

The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)
The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)

The Saudi Ministry of Industry and Mineral Resources signed on Tuesday a series of memoranda of understanding (MoUs) and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum.

The meeting marked a significant step in advancing international partnerships and fostering the development of the Kingdom's mining and minerals sector.

The agreements were signed by Minister of Industry and Mineral Resources Bandar Alkhorayef, and Vice Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Al-Mudaifer.

The counterpart signatories included the minister of energy and natural resources from Djibouti, the minister of energy and mineral resources from Jordan, the secretary of state for business and trade from the United Kingdom, and the minister of mines and mineral development from Zambia.

Additional agreements were signed with the Ministry of Finance of Austria and the Ministry of the Economy, Finance and Industrial and Digital Sovereignty of France.

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Maersk Not Returning to the Gulf of Aden for Now

Maersk shipping line Cabo Verde offloads containers within the Kenya Ports Authority (KPA) container terminal at the port of Mombasa, Kenya, January 9, 2025. REUTERS/Laban Walloga
Maersk shipping line Cabo Verde offloads containers within the Kenya Ports Authority (KPA) container terminal at the port of Mombasa, Kenya, January 9, 2025. REUTERS/Laban Walloga
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Maersk Not Returning to the Gulf of Aden for Now

Maersk shipping line Cabo Verde offloads containers within the Kenya Ports Authority (KPA) container terminal at the port of Mombasa, Kenya, January 9, 2025. REUTERS/Laban Walloga
Maersk shipping line Cabo Verde offloads containers within the Kenya Ports Authority (KPA) container terminal at the port of Mombasa, Kenya, January 9, 2025. REUTERS/Laban Walloga

Maersk will continue to divert vessels away from the Gulf of Aden and Red Sea and toward the southern tip of Africa despite Yemen's Houthis announcing they will curb their attacks on ships, the container shipping giant said on Friday.
The Danish shipping company said the announcement by the Iran-backed militia was "a very welcome step in the right direction towards stability and eventual normality for the global shipping industry".
However, it said the security risk for commercial vessels transition the Red Sea and Bab-el-Mandeb strait remains high.
"With this in mind – and the safety of our crew, vessels, and your cargo being our utmost priority – Maersk will continue to sail around Africa via the Cape of Good Hope until safe passage through the area is ensured for the longer term," it said.

Houthis have carried out more than 100 attacks on ships since November 2023 and sunk two vessels, seized another and killed at least four seafarers.
They have targeted the southern Red Sea and the Gulf of Aden, which are joined by the narrow Bab al-Mandab strait, a chokepoint between the Horn of Africa and the Middle East.