Saudi Arabia increases mineral potential projections by 90% to $2.5tn

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Minister of Industry and Mineral Resources Bandar Alkhorayef highlighted that the revision is based on discoveries related to rare earth elements and an upswing in mineral volumes. AN Photo

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Updated 10 January 2024

Nadin Hassan

January 10, 2024 12:34

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Saudi Arabia increases mineral potential projections by 90% to $2.5tn

Updated 10 January 2024

Nadin Hassan

January 10, 2024 12:34

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RIYADH: Saudi Arabia has elevated its projections for undiscovered mineral potential by 90 percent to $2.5 trillion, as stated by the minister of industry and mineral resources.

Speaking during the opening remarks of the third Future Minerals Forum, Bandar Alkhorayef highlighted that the revision is based on discoveries related to rare earth elements and an upswing in mineral volumes.

The minister said: “I am delighted to announce that our estimation for the Kingdom’s untapped mineral potential has increased from $1.3 trillion to $2.5 trillion, an increase of 90 percent.”

He added: “This is based on new discoveries in the form of rare earth elements and the combination of the increase of volumes in phosphate, gold, zinc and copper as well as the revaluation of these minerals.”

Alkhorayef further explained that this is only built on 30 percent of the Arabian Shield exploration suggesting that there is more to be discovered. In addition, it clearly shows that with more investment in exploration, it is possible to maximize the endowment potential.

The minister also announced that the forum will witness signing of deals worth SR75 billion ($20 billion), driving research and development technology upstream and other value chain opportunities.

“Today, we are at a historical point where minerals are at the spotlight as vital elements for the energy transition, food security and for global development,” Alkhorayef said.

The minister also expressed his delight as he revealed many key initiatives, beginning with the exploration incentive program in partnership with the Ministry of Investment, which has a budget of more than $182 million.

“This program will de-risk investments in our exploration securing to enable new commodities, greenfield projects, and junior miners. In addition, and to drive the existing future of the exploration sector, we are announcing the fifth and sixth rounds of licensing programs offering access to 33 exploration sites this year,” he continued.

Looking at exponential progress made on the key initiatives the Kingdom agreed on last year, Alkhorayef announced to offer country-sized sites for exploration beginning with the Jabal Sayid Mineral Belt spanning over 4,000 sq. km.

During the high-level ministerial roundtable meeting on Tuesday, Alkhorayef stated that the Kingdom has endorsed a detailed roadmap for the development of a regional critical mineral framework to promote global collaboration and maximize value creation in supplier countries.

“We agreed on further work on exploring value chain creation opportunities for green metal hubs in the region, enabled by new technologies and renewable energy which we consider draft sustainability, expectations to be incorporated into the framework,” the minister said.

He added: “We endorsed a roadmap for the creation of Mineral Innovation and Acceleration Park, the first phase of a global network of centers of excellence. All of this is proof that we are turning talk into action.”

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Pope to bring in a ton of humanitarian aid to remote Papua New Guinea as he celebrates periphery

Updated 28 min 33 sec ago

AP

September 08, 2024 04:12

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Pope to bring in a ton of humanitarian aid to remote Papua New Guinea as he celebrates periphery

n estimated 35,000 people filled the stadium in the capital Port Moresby for the morning Mass
On Saturday, Francis heard first-hand about how women are often falsely accused of witchcraft, then shunned by their families
He urged the church leaders to be particularly close to these people on the margins who had been wounded by “prejudice and superstition”

Updated 28 min 33 sec ago

AP

September 08, 2024 04:12

PORT MORESBY, Papua New Guinea: Pope Francis honored the Catholic Church of the peripheries on Sunday as he celebrated Mass in Papua New Guinea before heading to a remote part of the South Pacific nation with a ton of humanitarian aid to deliver to the missionaries and faithful who live there.
An estimated 35,000 people filled the stadium in the capital Port Moresby for the morning Mass. It began with dancers in grass skirts and feathered headdresses performing to traditional drum beats as priests in green vestments processed up onto the altar.
In his homily, Francis told the crowd that they may well feel themselves distant from both their faith and the institutional church, but that God was near to them.
“You who live on this large island in the Pacific Ocean may sometimes have thought of yourselves as a far away and distant land, situated at the edge of the world,” Francis said. “Yet … today the Lord wants to draw near to you, to break down distances, to let you know that you are at the center of his heart and that each one of you is important to him.”
Francis was himself traveling to a distant land on Sunday, flying into remote Vanimo, on Papua New Guinea’s northwest coast, to meet with the small Catholic community there served by missionaries from his native Argentina.
Francis was being transported by an Australian military aircraft and was bringing with him one ton of humanitarian aid, including medicine, clothes and toys for children, according to Vatican spokesman Matteo Bruni.
Eight suitcases of medicine and other necessities had been prepared by one of the Argentine missionaries, the Rev. Alejandro Diaz, during a recent trip to Rome and left with the Vatican to bring in on the cargo plane, the ANSA news agency reported.
Francis has long prioritized the church on the “peripheries,” saying it is actually more important than the center of the institutional church. In keeping with that philosophy, Francis has largely shunned foreign trips to European capitals, preferring instead far-flung communities where Catholics are often a minority.
Vanimo, population 11,000, certainly fits the bill. Located near Papua New Guinea’s border with Indonesia, the coastal city is perhaps best known as a surfing destination.
Francis, history’s first Latin American pope, has also had a special affinity for the work of Catholic missionaries. As a young Argentine Jesuit, he had hoped to serve as a missionary in Japan, but was prevented from going because of his poor health.
Now as pope, he has often held up missionaries as models for the church, especially those who have sacrificed to bring the faith to far-away places.
There are about 2.5 million Catholics in Papua New Guinea, according to Vatican statistics, out of a population in the Commonwealth nation believed to be around 10 million. The Catholics practice the faith along with traditional Indigenous beliefs, including animizm and sorcery.
On Saturday, Francis heard first-hand about how women are often falsely accused of witchcraft, then shunned by their families. In remarks to priests, bishops and nuns, Francis urged the church leaders in Papua New Guinea to be particularly close to these people on the margins who had been wounded by “prejudice and superstition.”
“I think too of the marginalized and wounded, both morally and physically, by prejudice and superstition sometimes to the point of having to risk their lives,” Francis said. He urged the church to be particularly close to such people on the peripheries, with “closeness, compassion and tenderness.”
Francis’ visit to Vanimo was the highlight of his visit to Papua New Guinea, the second leg of his four-nation tour of Southeast Asia and Oceania. After first stopping in Indonesia, Francis heads on Monday to East Timor and then wraps up his visit in Singapore later in the week.

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Topics: Pope Francis Papua New Guinea

Hezbollah says rockets fired at Israeli town after attack kills Lebanon rescuers

Updated 12 min 36 sec ago

AFP

September 08, 2024 03:05

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Hezbollah says rockets fired at Israeli town after attack kills Lebanon rescuers

The Israeli military said Saturday that it had identified “projectiles” crossing from Lebanon and intercepting some of them, adding “a number of UAVs (drones) were identified crossing from Lebanese territory”

Updated 12 min 36 sec ago

AFP

September 08, 2024 03:05

BEIRUT, Lebanon: Hezbollah announced retaliatory rocket fire targeting a town in northern Israel early Sunday, hours after Lebanon’s health ministry said an Israeli attack killed three civil defense personnel in the country’s south.
The Iran-backed Lebanese movement has exchanged near-daily cross-border fire with Israeli forces in support of ally Hamas since the Palestinian militant group’s October 7 attack on Israel triggered the war in the Gaza Strip.
Hezbollah said it had bombarded “Kiryat Shmona with a volley of Falaq rockets” early Sunday “in response to the enemy attacks... and particularly the attack” that killed the emergency workers in the Lebanese village of Froun.
Hezbollah usually says it targets military positions in northern Israel, while Israel has said it targets Hezbollah infrastructure and fighters in south and east Lebanon.
On Saturday, Lebanon’s health ministry said the “Israeli enemy targeting of a Lebanese civil defense team that was putting out fires sparked by the recent Israeli strikes in the village of Froun led to the martyrdom of three emergency responders.”
Two others were wounded, one of them critically, the ministry added.
Lebanon’s civil defense said in a statement that three of its employees were killed in “an Israeli strike that targeted a firefighting vehicle after they had finished a firefighting mission.”
The health ministry statement condemned the “blatant Israeli attack that targeted a team from an official body of the Lebanese state.”
Hezbollah ally the Amal movement said two of its members were among the dead in Saturday’s strike. It said they were killed “while carrying out their humanitarian and national duty defending Lebanon and the south.”
Lebanese Prime Minister Najib Mikati condemned the attack on the emergency workers, saying in a statement that “this new aggression against Lebanon is a blatant violation of international laws... and human values.”

Lebanon’s health ministry said the attack was “the second of its kind against an emergency team in less than 12 hours.”
Earlier Saturday, the ministry said two emergency personnel from the Hezbollah-affiliated Islamic Health Committee were wounded when “the Israeli enemy deliberately targeted” near a fire they were heading to extinguish in south Lebanon’s Qabrikha, causing their vehicle to swerve.
Several militant groups operate health centers and emergency response operations in south Lebanon.
Hezbollah had announced a string of attacks on Israeli troops and positions near the border on Saturday, including with Katyusha rockets and “explosives-laden drones,” some in a stated response to “Israeli enemy attacks” on south Lebanon.
The Israeli military said Saturday that it had identified “projectiles” crossing from Lebanon and intercepting some of them, adding “a number of UAVs (drones) were identified crossing from Lebanese territory.”
It said the air force struck “Hezbollah military infrastructure and a launcher” in the Qabrikha area, while its artillery targeted several other areas of south Lebanon.
The cross-border violence has killed some 614 people in Lebanon, mostly fighters but also including 138 civilians, according to an AFP tally.
On the Israeli side, including in the annexed Golan Heights, authorities have announced the deaths of at least 24 soldiers and 26 civilians.
A statement from Lebanese Health Minister Firass Abiad said that “due to the (Israeli) aggression,” 27 emergency personnel and health workers have been killed and 94 others wounded since October.
Two hospitals and 21 health centers have been “targeted,” while 32 fire or ambulance vehicles have been “put out of service or partially damaged,” the statement said, urging an end to the “repeated and deliberate targeting of health workers and civilians.”

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Topics: War on Gaza Palestine Gaza US Lebanon Hezbollah

Multiple people reported hit in latest case of mass shooting in the US

Updated 2 min 42 sec ago

AP

Reuters

September 08, 2024 03:42

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Multiple people reported hit in latest case of mass shooting in the US

The incident comes just days after a mass shooting at a Winder, Georgia high school that saw 4 killed and nine others wounded

Updated 2 min 42 sec ago

AP Reuters

September 08, 2024 03:42

LONDON, Kentucky: Multiple people were shot Saturday along Interstate 75 in a rural area of southeastern Kentucky, authorities said.
The Laurel County Sheriff’s Office said in a post on Facebook that it was an “active shooter situation” and “numerous persons” were shot near the highway. It added that the interstate was closed 9 miles north of London.
In a video statement, London Mayor Randall Weddle said was told seven people were hurt, but not all of those were wounded by gunfire. Some of the victims were injured in a vehicle accident, he said.
“There are no deceased at this time. No one was killed from this, thankfully, but we ask that you continue to pray,” Weddle said.
The sheriff’s office also announced that a “Person of Interest” has been identified in connection with the shooting, saying he should be considered armed and dangerous and people should not approach him. The man’s name was given as Joseph A. Couch, a 32-year-old white male, and anyone with information about his location was urged to call the county 911 center.
A “heavy presence of police and fire personnel” was on the scene and “working diligently to address the situation,” the Mount Vernon Fire Department said in a statement. It advised motorists to avoid I-75 and US 25.
“I am receiving initial reports from the Kentucky State Police and our Office of Homeland Security — together we are actively monitoring the situation and offering support in any way possible,” Gov. Andy Beshear said in a post on the social platform X. “Please pray for everyone involved.”
“We will provide more details once they are available,” Beshear said.
London is a a small city with a population of about 8,000 located about 75 miles (120 kilometers) south of Lexington.

This shooting comes just days after a mass shooting at a Winder, Georgia high school that saw two teachers and two students killed and nine others wounded.

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Topics: US mass shootings US gun violence

Algeria presidential election sees low turnout as Tebboune poised for victory

Updated 13 min 6 sec ago

AFP

September 07, 2024 07:35

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Algeria presidential election sees low turnout as Tebboune poised for victory

More than 24 million Algerians are registered to vote, and both of Tebboune’s challengers have urged a large turnout

Updated 13 min 6 sec ago

AFP

September 07, 2024 07:35

ALGIERS, Algeria: Less than half of Algeria’s eligible voters cast a ballot in the country’s presidential poll, preliminary figures from electoral authorities showed early Sunday, despite incumbent Abdelmadjid Tebboune’s hopes for a high turnout.
Tebboune, 78, is heavily favored to secure a second term, seeing off moderate Islamist Abdelaali Hassani, 57, and socialist candidate Youcef Aouchiche, 41.
His main challenge was to increase the voter participation level in Saturday’s vote after a historic abstention rate of over 60 percent in 2019, the year he became president.
More than 24 million Algerians were registered to vote this year, with about a third under the age of 40.
Electoral board ANIE announced early Sunday an “average turnout” rate of 48 percent, but did not provide the total number of people who cast a ballot.
ANIE said the figure was “provisional,” adding that it would give an official turnout rate later on Sunday along with the election’s results.
The announcement came three hours behind schedule after the election board said on Saturday evening that it was extending voting by one hour, expecting more voters to show up.
“Voters wondered what was the point of voting when all predictions are in favor of the president,” said analyst Hasni Abidi, calling the candidates’ bids “mediocre.”
He said Tebboune “barely did four rallies,” while his challengers “weren’t up to the task.”
“Not voting does not mean political opposition,” he added. “Rather, it means people did not see themselves as part of the electoral game.”
Both of Tebboune’s challengers had called for a large turnout Saturday morning.
“Today we start building our future by voting for our project and leaving boycott and despair behind us,” Aouchiche said on national television after voting.
Hassani told journalists he hoped “the Algerian people will vote in force” because “a high turnout gives greater credibility to these elections.”
But Tebboune did not mention voter numbers, saying only that he hoped “Algeria will win in any case” after voting in Algiers.
He said that whoever wins “will continue the project” of what he often calls the New Algeria — the country that emerged following mass pro-democracy protests.
“I came early to exercise my duty and choose the president of my country in a democratic manner,” Sidali Mahmoudi, a 65-year-old early voter, told AFP.
Seghir Derouiche, 72, told AFP that not voting was “ignoring one’s right.” Two women, Taous Zaiedi, 66, and Leila Belgaremi, 42, said they were voting to “improve the country.”
Algerians abroad have been able to vote since Monday.

ANIE is set to announce the official results on Sunday.
Yet the winner was “known in advance,” political commentator Mohamed Hennad posted on Facebook before voting began, referring to Tebboune.
Tebboune’s opponents stood little chance because of low support and the “conditions in which the electoral campaign took place, which is nothing more than a farce,” Hennad wrote.
The 2019 low turnout had followed the Hirak pro-democracy protests, which toppled former president Abdelaziz Bouteflika before they were quashed with ramped-up policing and the jailing of hundreds of people.
This year’s election still failed to enthuse Algerians, and campaign rallies have struggled to generate interest in the nation of 45 million, partly because of the summer heat.
With young people making up more than half the population, all three candidates have courted their votes with promises to improve living standards and reduce dependence on hydrocarbons.
Tebboune has touted economic successes during his first term, including more jobs and higher wages in Africa’s largest exporter of natural gas.
His challengers have vowed to grant the people more freedoms.
Aouchiche says he is committed “to release prisoners of conscience through an amnesty and to review unjust laws,” including on media and terrorism.
Hassani has advocated “freedoms that have been reduced to nothing in recent years.”
Political analyst Abidi said Tebboune should address the major deficit in political and media freedoms, with Algerians having “divorced from current politics” after the Hirak protests ended.
Five years later, rights group Amnesty International said Algerian authorities were “committed to maintaining a zero-tolerance approach toward dissenting opinions.”

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Topics: Algeria politics Vote

Yemen’s Houthi rebels claim they shot down another US MQ-9 drone

Updated 59 sec ago

AP

September 08, 2024 00:35

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Yemen’s Houthi rebels claim they shot down another US MQ-9 drone

The rebels maintain that they target ships linked to Israel, the US or the UK to force an end to Israel’s campaign against Hamas in Gaza

Updated 59 sec ago

AP

September 08, 2024 00:35

DUBAI, United Arab Emirates: Yemen’s Houthi rebels claimed early Sunday they shot down another American-made MQ-9 drone flying over the country, marking potentially the latest downing of the multimillion-dollar surveillance aircraft. The US responded with airstrikes over Houthi-controlled territory, the rebels said.
The US military did not immediately respond to a request for comment over the Houthi claim. The rebels offered no pictures or video to support the claim as they have in the past, though such material can appear in propaganda footage days later.
However, the Houthis have repeatedly downed General Atomics MQ-9 Reaper drones in the years since they seized Yemen’s capital, Sanaa, in 2014. Those attacks have exponentially increased since the start of the Israel-Hamas war and the Houthis launched their campaign targeting shipping in the Red Sea corridor.
Houthi military spokesperson Brig. Gen. Yahya Saree made the claim in a prerecorded video message. He said the Houthis shot down the drone over Yemen’s Marib province, a long-contested area home to key oil and gas fields that’s been held by allies of a Saudi-led coalition battling the rebels since 2015.
Saree offered no details on how the rebels down the aircraft. However, Iran has armed the rebels with a surface-to-air missile known as the 358 for years. Iran denies arming the rebels, though Tehran-manufactured weaponry has been found on the battlefield and in seaborne shipments heading to Yemen despite a United Nations arms embargo.
The Houthis “continue to perform their jihadist duties in victory for the oppressed Palestinian people and in defense of dear Yemen,” Saree said.
Reapers, which cost around $30 million apiece, can fly at altitudes up to 50,000 feet (15,240 meters) and have an endurance of up to 24 hours before needing to land. The aircraft have been flown by both the US military and the CIA over Yemen for years.
After the claim, the Houthis’ Al-Masirah satellite news channel reported multiple US-led airstrikes near the city of Ibb. The US military did not immediately acknowledge the strikes, but the Americans have been striking Houthi targets intensely since January.
The Houthis have targeted more than 80 merchant vessels with missiles and drones since the war in Gaza started in October. They seized one vessel and sank two in the campaign that has also killed four sailors. Other missiles and drones have either been intercepted by a US-led coalition in the Red Sea or failed to reach their targets, which have included Western military vessels as well.
The rebels maintain that they target ships linked to Israel, the US or the UK to force an end to Israel’s campaign against Hamas in Gaza. However, many of the ships attacked have little or no connection to the conflict, including some bound for Iran.
Those attacks include the barrage that struck the Greek-flagged oil tanker Sounion in the Red Sea. Salvagers last week abandoned an initial effort to tow away the burning oil tanker, leaving the Sounion stranded and its 1 million barrels of oil at risk of spilling.

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Topics: War on Gaza Palestine Gaza US

Saudi Arabia increases mineral potential projections by 90% to $2.5tn

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Saudi Arabia increases mineral potential projections by 90% to $2.5tn

Saudi Arabia increases mineral potential projections by 90% to $2.5tn

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