One of the world’s leading mining companies specializing in gold, Barrick Gold, has announced expanding its partnership with the Kingdom of Saudi Arabia.
The plan comes amid the need to find practical technology solutions to create an investment environment in the mining sector. Saudi Arabia has taken significant steps to develop its mining sector and has opened doors for investment and the launching of partnerships at the global level.
Mark Bristow, president and CEO of Barrick Gold, confirmed to Asharq Al-Awsat that his company is preparing to expand its strategic partnership in the mining industry, as the company was able to double its production in the recent period.
Bristow noted that Saudi Arabia is one of the most important countries rich in minerals and has proven its ability to develop its mining sector on the most extensive possible level.
The CEO did not hide that the coronavirus pandemic had an impact on investment in mining at the global level.
Nevertheless, Bristow stressed that demand for minerals would remain strong in the long term, despite the challenges created by the pandemic.
Bristow pointed out that the increasing global demand for minerals is also a major challenge due to developments in the mining sector and industry technology.
He stressed the need to respond to the recommendations of the international mining conference in Riyadh to meet the future needs in the sector.
He called for expanding cooperation between government and private sectors involved in the mineral wealth industry.