Arab Ministers To Discuss Future Of Mining In Riyadh Next Week

One of the entrances to the Al-Amar gold mine, south of the Saudi capital (Asharq Al-Awsat).
One of the entrances to the Al-Amar gold mine, south of the Saudi capital (Asharq Al-Awsat).
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Arab Ministers To Discuss Future Of Mining In Riyadh Next Week

One of the entrances to the Al-Amar gold mine, south of the Saudi capital (Asharq Al-Awsat).
One of the entrances to the Al-Amar gold mine, south of the Saudi capital (Asharq Al-Awsat).

The Saudi Ministry of Industry and Mineral Resources, in partnership with the Arab Industrial Development, Standardization and Mining Organization (AIDSMO), will hold on Tuesday the 8th Consultative Meeting of Arab Ministers for Mineral Resources.

The meeting will come in conjunction with the Future Minerals Forum, which will take place in Riyadh on Jan. 11-13.

Minister of Industry and Mineral Resources Bandar Al-Khorayef is scheduled to open the consultative meeting, in the presence of all Arab ministers of industry, energy, oil, and mining, and the director-general of the AIDSMO.

The meeting agenda includes a review of AIDSMO’s activities in the mineral resources sector during the period between the seventh and eighth consultative ministerial meetings and the implementation of the relevant recommendations, especially those related to the database of mining ore production and capacity building.

The meeting will also discuss preparations for a mining guiding system for Arab countries, the Arab initiative for metals used in clean energy technologies, and the Arab industrial and mining products orders and offers platform.

In an earlier statement, the Saudi Ministry of Industry and Mineral Resources announced that it would organize on Jan. 11-13 in Riyadh, the International Mining Conference, which will represent an opportunity for governments, companies, and investors to discuss various issues and challenges facing the sector over the past two years.



TotalEnergies Reportedly Considers Foray Into Copper Trading

FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
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TotalEnergies Reportedly Considers Foray Into Copper Trading

FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa

France's TotalEnergies is considering a move into trading copper, expanding its oil trading operations into metals to capitalize on the global energy transition, the Financial Times reported on Sunday.
The oil major has been "studying the case" for trading copper, Rahim Azouni, senior vice president of crude, fuel and derivatives trading, told a closed-door conference in London on Wednesday, the FT said.
Azouni said the company has not decided whether to make move, the newspaper said, citing people who had heard his remarks.
TotalEnergies did not immediately respond to Reuters request for comment.
The company would be following Vitol, the world's top energy trader, which this year diversified into metals trading.
The energy transition, which includes electric vehicles and renewable energy technologies, will need large volumes of metals including aluminium, copper, nickel cobalt - providing lucrative opportunities for traders.