Saudi PIF moves closer to direct investment in China equity trading


Saudi Arabia to discuss global mining sustainability at Riyadh summit in January, deputy minister said

RIYAD: Sustainability talks will dominate the Future Mineral Summit scheduled for Riyadh in January 2021, the deputy minister of the Ministry of Industry and Mineral Resources told Arab News.

Khalid Al-Mudaifer added that the Saudi government will not allow companies to mine minerals if they are not sustainable and environmentally friendly, and if this cannot be guaranteed, the resources “should be left in the ground”.

Referring to the meeting to be held January 11-13, he said: “What we’re going to talk about 80% of the time is how to do it environmentally, how to help the world reduce its emissions, how to help the world reduce its emissions. ‘electrify, to have wind turbines, have solar farms,’ he said

Sustainability is an important pillar for mining, and with the mining regulations approved earlier this year, the sector is fully compliant with ESG standards which include environmental preservation, social benefits for communities and good governance. clear, because “the community must be served, to see that they are taken care of,” he said.

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