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ARTICLE · 11 FEBRUARY 2022

Saudi Strategy Will Make KSA A Mining Hub, Industry Pundits Believe

Saudi Arabia has in recent years been under scrutiny as a major player in the oil-based carbon economy, but it is now drawing praise for its strategic shift towards the discovery and extraction of minerals and metals.

Saudi ArabiaEnergy and Natural Resources

Saudi Arabia has in recent years been under scrutiny as a major player in the oil-based carbon economy, but it is now drawing praise for its strategic shift towards the discovery and extraction of minerals and metals.

In an online media session to discuss the implications of the Kingdom's new mining regime, global industry leaders and specialist lawyers were unanimous in their positive view of Saudi Arabia's anticipated role in a more sustainable global economy.

This conversation was held in the context of the Kingdom's Mining Law of 2020 and, more recently, the Future Mining Forum, FMF, a convening of political and business leaders held in Riyadh from Jan. 11 to 13.

Ernst Muller, a South African lawyer specializing in natural resources law and environmental, social, and governance framework, known as ESG, began the discussion by pointing out that, "a global transition to new energy sources" is underway and that "the FMF was focused on what countries should be

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