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Saudi Arabia to inaugurate $22.7bn mining project in …

Saudi Arabia is set to inaugurate a SAR85bn ($22.7bn) mining project in the country’s northern region as part of its plans to diversify the economy away from hydrocarbons. To be held later this week, the inauguration ceremony will be attended by King Salman, Reuters reported, citing energy minister Khalid al-Falih’s statement to Al Arabiya TV.

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In 2016 Saudi Arabia put in place aitious plans to raise the value of its mining operations to reach SAR 260bn (US $69.3bn) under Saudi Vision 2030. Currently, the direct and indirect contribution of the sector to the Kingdom’s GDP is estimated to be around SAR 80bn (US $21.3bn), with the sector accounting for 265,000 jobs.

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Saudi Arabia: Mining, Minerals and Fuel Resources Saudi Arabia''s key natural resources include petroleum, natural gas, gold, copper, and iron ore. The country''s economy is primarily oil-based and is considered as the largest exporter of petroleum in the world

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Iron Ore Imports into China Below are the 5 suppliers from which China imported the highest dollar value worth of iron ore during 2019. Within parenthesis is the percentage change in value for each supplying country. Australia: US$61 billion (up 69.5% from 2015)

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Iron ore mining in India Asia is rich in mineral resources due to unique geographical conditions. The main minerals are petroleum, coal, iron, manganese, tin, tungsten, antimony, copper, lead, zinc, aluminum, gold, silver, mica and precious stone.

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Saudi Arabian firm begins iron ore exploration in …

SABIC has been aiming to shore up raw material sources for its plant in Saudi Arabia, with surpluses expected to be sold to targeted markets. The agreement has seen the establishment of Mauritania Saudi Mining and Steel Company (TAKAMUL), launched to acquire the necessary mining licenses, carry out feasibility studies and exploration work.

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Metals & Mining in Russia

Iron ore Iron ore production in Russia in 2015 was flat in comparison with 2014 volumes, at 97.6 million tonnes. Capacity utilisation for iron ore in the Russia industry is close to 90-95%, due to stable demand from Russian steel producers and export sales.

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Saudi Arabia Iron Ore SuppliersFind Quality Saudi Arabia Iron Ore Companies at TradeKeyGet Price SABIC to lift steel capacity to 10 million tons by ALKHOBAR Saudi Iron and Steel Co. (Hadeed) the metals affiliate of Saudi Basic Industries Corp. (SABIC) plans to add 4 million tons of annual steel output capacity Get Price

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