• The fourth annual Future Minerals Forum in Riyadh concluded with the signing of 126 agreements and memoranda of understanding valued at approximately $28.5 billion. These agreements focus on enhancing various aspects of the mining sector, including exploration, financing, and sustainability. Notable projects include collaborations with major companies like Tosyali Holding and Vale, aimed at boosting the steel and iron production sectors. The forum attracted over 18,000 participants from 170 countries, highlighting the global interest in Saudi Arabia's mining potential and its strategic shift towards diversifying its economy beyond oil.

• Saudi Arabia's commitment to investing in its mining sector is underscored by the announcement of a $182 million mineral exploration incentive program. This initiative aims to attract companies with the necessary technical expertise to explore and exploit the kingdom's mineral wealth, which includes phosphate, gold, copper, and bauxite. The broader context reveals a global mining industry that requires $6 trillion in investments over the next decade to meet rising demand, indicating significant growth opportunities for companies involved in mining and related sectors.