Al-Mudaifer: Mining Sector Needs Massive Investments

Saudi Deputy Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Al-Mudaifer, emphasized that the mining sector in the region and globally needs massive investments to transition towards renewable energy.

Global Energy Transition, Mining Sector

The world is undergoing a significant energy transition, with a growing emphasis on reducing carbon emissions and embracing cleaner alternatives, according to SABQ Online Newspaper.

As governments and industries commit to achieving net-zero targets, the demand for minerals like lithium, cobalt, and rare earth elements has surged due to their crucial role in renewable energy.

Massive Investments Required

To achieve this delicate balance, massive investments are necessary, Al-Mudaifer emphasized directing financial resources for cleaner extraction methods, as well as establishing environmentally-friendly facilities.

Technological Advancements in Mining

By harnessing the power of the latest technologies, Al-Mudaifer explores the fields of automation, artificial intelligence, and data analytics to enhance mining operations. These advancements do not only increase efficiency but also reduce the ecological impact of traditional mining activities..

Strategic Approach to Sustainable Mining Practices

Al-Mudaifer catalyzes change in the mining sector, paving the way for a more sustainable future.

Finally, As the world focuses on renewable energy, substantial mining investments are essential for aligning economic growth with environmental responsibility.

 

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