Prime Highlight
- Saudi Arabia signed three international agreements to enhance cooperation in mining and minerals with Chile, Canada, and Brazil.
- The move strengthens the Kingdom’s global partnerships and positions it as a key player in the international minerals market.
Key Facts
- The agreements, signed at the Fifth Future Minerals Forum in Riyadh, focus on mineral exploration, knowledge exchange, technical development, and investment support.
- The ministerial meeting recorded unprecedented participation from over 100 countries, including G20 members, the EU, and 59 multilateral and industry organizations.
Background
Saudi Arabia has signed three international agreements to strengthen cooperation in the mining and minerals sector with Chile, Canada and Brazil, marking a major step in expanding the Kingdom’s global partnerships.
The Ministry of Industry and Mineral Resources formalized memoranda of understanding at the Fifth International Ministerial Meeting of Ministers Responsible for Mining Affairs, which took place in Riyadh from January 13 to 15 as part of the Fifth Future Minerals Forum.
The agreements include a cooperation pact with the Ministry of Mines of Chile, another with the Department of Natural Resources of Canada, and a third with the Ministry of Mines and Energy of Brazil. These MoUs aim to boost collaboration in mineral exploration, knowledge exchange, technical development, and investment support.
Saudi officials said the move reflects the Kingdom’s strategy to build strong international ties and create a solid framework for joint projects in the mining industry. The agreements will help both Saudi Arabia and its partners share expertise, improve mineral resource management, and promote sustainable mining practices.
The signings took place on the sidelines of the ministerial meeting, which recorded the highest level of global participation since its launch. More than 100 countries attended the event, including all members of the G20, the European Union, and representatives from 59 multilateral organisations, industry bodies, and non-government groups.
Organisers said the scale of participation highlights the growing importance of the Future Minerals Forum as a leading platform for dialogue in the global mining sector. The forum allows governments, companies, and institutions to align policies, form partnerships, and find practical solutions to challenges such as supply chain security, responsible mining, and energy transition needs.
With these new agreements, Saudi Arabia continues to position itself as a key player in the global minerals market, supporting long-term development goals while working closely with major mining nations across the world.
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