Forum discusses ‘vast areas’ in Sudan for investing in minerals

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Dr. Mohammed Abu Fatima Abdallah, general manager of the Sudanese Ministry of Geological Research Authority (GRAS), left, and Saudi Vice Minister of Mining Affairs for MEIMR, Eng. Khalid Al-Mudaifer are seen touring exhibit stands in forum. (AN photo by Huda Bashatah)
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Sulaiman Al-Othaim, Saudi Gold Refinery Company Ltd., center, moderating a panel discussion on "mineral potentials and investment opportunities" with Dr. Mohammed Abu Fatima Abdallah, general manager of the Sudanese Ministry of Geological Research Authority (GRAS), right, and Eng. Mujahid Bilal Taha. (AN photo by Huda Bashatah)
Updated 11 September 2018
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Forum discusses ‘vast areas’ in Sudan for investing in minerals

  • The Ministry of Energy, Industry and Mineral Resources (MEIMR) held a forum to discuss investment opportunities for mineral resources in “vast areas” of Sudan
  • Among those attending from MEIMR at the Republic of Sudan Hilton hotel in Jeddah’s corniche was the Vice Minister of Mining Affairs for MEIMR

JEDDAH: The Ministry of Energy, Industry and Mineral Resources (MEIMR) held a forum to discuss investment opportunities for mineral resources in “vast areas” of Sudan.
Among those attending from MEIMR at the Republic of Sudan Hilton hotel in Jeddah’s corniche was the Vice Minister of Mining Affairs for MEIMR, Eng. Khalid Al-Mudaifer, and Dr. Mohammed Abu Fatima Abdallah, general manager of the Ministry of Geological Research Authority (GRAS).
Deputy Minister for Mineral Resources Sultan Shaouli explained that the program includes three working sessions, all of which talk about the mineral potential in Sudan and the opportunities available. The forum had six reports, all of which are suitable for officials in the Ministry of Metals and a number of Sudanese mining companies.
Abdallah said the forum is an extension of joint strategic action between Sudan and Saudi Arabia. He pointed out that Sudan enjoys the existence of natural resources and a large number of minerals with estimated reserves and the State has developed plans to exploit this wealth to benefit the desired government and the people of Sudan.
During a tour of the exhibit stands, Al-Mudaifer told Arab News that the role of the governments, along with the private sector, is to enable and build an ecosystem that enables the private sector to partake in these investments for exploration, development and production. “This is our main role now and we are helping the Sudanese government to showcase their resources and their geology, and hopefully the investor to invest in Sudan,” he added.
Abdallah told Arab News that he saw big potential in investment in Sudan, with resources that have not been touched: “We have vast areas that need exploration. According to the geological situation and environment we have huge amounts of resources to find and we want to share it with our neighbors, particularly Saudi Arabia. They have a good capacity and benchmark for exploration.”


Saudi Arabia’s nuclear program ‘fundamental to Kingdom’s energy sector’

Updated 18 September 2018
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Saudi Arabia’s nuclear program ‘fundamental to Kingdom’s energy sector’

JEDDAH: Saudi Arabia’s atomic energy program is fundamental for developing a sustainable energy sector, a senior minister told the International Atomic Energy Agency on Monday.
The Kingdom plans to start building its first two nuclear power reactors this year and as many as 16 over the next 25 years at a cost of more than $80 billion. The plan is to provide 15 percent of Saudi Arabia’s power from nuclear by 2032.
Speaking at the IAEA’s annual conference in Vienna, Energy Minister Khalid Al-Falih said the atomic reactor projects were were part of the Kingdom’s Vision 2030 to diversify its energy sources to nuclear and renewables.
The program “abides by all international treaties and conventions and best practices, adhering to the highest standards of safety, security and transparency,” Al Falih said.
The minister said Saudi Arabia was committed to the Treaty on the Non-Proliferation of Nuclear Weapons, which calls for nuclear disarmament and stresses the commitment of nuclear power states to share their peaceful technologies with abiding member states.
He also said the Kingdom had called for cooperation with the international community to make the Middle East a nuclear weapons free area.
The US has started to reintroduce heavy sanctions against Iran over its nuclear program, after Donald Trump pulled out of a deal with the country earlier this year to curb its atomic ambitions.
Al-Falih called on the international community to take a more stringent stance against all threats to regional and international security, particularly Iran, given its “alarming efforts to build its nuclear capabilities, in tandem with its increasing acts of sabotage and aggression against other states in the region.”