Saudi Arabia's Mining Facilities Hit 360

Saudi Arabia aims to develop the mining sector (Asharq Al-Awsat)
Saudi Arabia aims to develop the mining sector (Asharq Al-Awsat)
TT
20

Saudi Arabia's Mining Facilities Hit 360

Saudi Arabia aims to develop the mining sector (Asharq Al-Awsat)
Saudi Arabia aims to develop the mining sector (Asharq Al-Awsat)

Saudi Arabia 's mining complexes reached 360, according to data released by the Saudi Ministry of Industry and Mineral Resources.

Under Vision 2030, mining is the third pillar of Saudi Arabia's economic development, after energy and petrochemicals.

The Makkah region took the lead with 72 facilities, Riyadh with 52, and Madinah with 52. The rest of the complexes are scattered across the Kingdom.

The report also said the Kingdom has 70 reserves sites for mining activities.

The Ministry said these mining complexes extract gold, copper, zinc, aluminum, magnesium, iron, silica, gypsum, limestone, clay, and various other industrial materials.

Limestone ore, bauxite, and phosphate ore are among the minerals widely used in the Kingdom's manufacturing industries.

The Ministry confirmed that the mining facilities have become a steady source of jobs for Saudis and offer different positions such as quarry official, mechanical technician, electrical technician, geologist, and mining engineer.

The Ministry aims to govern the mining sector, enhance its transparency, and increase investor confidence. It also seeks sustainability for the industry and motivates local communities to participate in the mining sector's growth paths following investments in the mining sector.

It aims to develop the areas adjacent to the mining projects by employing people from the nearby regions, increasing local purchases from the local market, and developing plans for effective communication in the area surrounding the project.

In January, the Ministry will launch Future Minerals Summit with the participation of more than 50 international speakers will attend the summit. The Ministry confirmed that ministers from over 25 Asian and African countries will also hold a meeting.



China Unexpectedly Anoints New Trade Negotiator Amid US Tariff War 

Vendors work at vegetable stalls at a market in Beijing on April 16, 2025. (AFP)
Vendors work at vegetable stalls at a market in Beijing on April 16, 2025. (AFP)
TT
20

China Unexpectedly Anoints New Trade Negotiator Amid US Tariff War 

Vendors work at vegetable stalls at a market in Beijing on April 16, 2025. (AFP)
Vendors work at vegetable stalls at a market in Beijing on April 16, 2025. (AFP)

China on Wednesday unexpectedly appointed a new trade negotiator key in any talks to resolve the escalating tariff war with the US, replacing veteran trade tsar Wang Shouwen with its envoy to the World Trade Organization.

Li Chenggang, 58, a former assistant commerce minister during the first administration of US President Donald Trump, takes over from Wang, 59, the human resources and social security ministry said in a statement.

It was unclear if Wang, who assumed the No. 2 role at the commerce ministry in 2022, had taken up a post elsewhere. His name was no longer on the ministry's leadership team, according to the ministry's website as of Wednesday.

The ministry did not immediately respond to a Reuters request for comment on the change, which was not explained in the human resources ministry's statement.

Wang was regarded as a tough negotiator and had clashed with US officials in previous meetings, said a source in Beijing's foreign business community.

"He's a bulldog, very intense," said the source, declining to be named.

The shift within the top leadership at the commerce ministry comes as Beijing pursues a hardline stance in an intensifying trade war with Washington triggered by Trump's steep tariffs on items imported from China.

The abrupt change also took place in the middle of President Xi Jinping's tour of Southeast Asia to consolidate economic and trading ties with close neighbors amid the standoff with the US.

Commerce Minister Wang Wentao was among senior officials flanking Xi on his visit to Vietnam, Malaysia and Cambodia this week.

Alfredo Montufar-Helu, a senior advisor to the Conference Board's China Center said the change was "very abrupt and potentially disruptive" given how quickly trade tensions had escalated and in light of Wang's experience negotiating with the US since the first Trump administration.

"We can only speculate as to why this happened at this precise moment; but it might be that in the view of China's top leadership, given how tensions have continued escalating, they need someone else to break the impasse in which both countries find themselves and finally start negotiating," he said.

Unlike multiple other nations who have responded to Trump's plans for punitive tariffs by seeking bilateral deals with Washington, Beijing has raised its own levies on US goods in response and has not sought talks, which it says can only be conducted on the basis of mutual respect and equality.

Washington said on Tuesday that Trump was open to making a trade deal with China but Beijing should make the first move, insisting that China needed "our money".

'TARIFF SHOCKS'

At a February WTO meeting in Geneva, Li slammed the US for arbitrarily imposing tariffs on its trading partners, including China, warning that such moves have triggered "tariff shocks" to the world.

"The unilateralist approach of the US blatantly violates WTO rules, exacerbates economic uncertainty, disrupts global trade and may even subvert the rules-based multilateral trading system. China firmly opposes this and urges the United States to abolish its wrongful practices," he said.

Li, who has held several key jobs in the commerce ministry, such as in departments overseeing treaties and law and fair trade, has an academic background in the elite Peking University and Germany's Hamburg University.

"Judging by his CV, Li is a typical Chinese technocrat with extensive experience in working on trade issues at the commerce ministry as well as at the WTO," said Alfred Wu, associate professor at the National University of Singapore.

"It seems like a routine promotion with nothing abnormal, but now is obviously a sensitive period due to US-China tensions."

On March 31, Li attended a Chinese private entrepreneurs forum as a "leader" of the commerce ministry, according to a state media readout of the meeting, one of the first official hints of an impending move to a new role.