July 16, 2024
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Saudi Arabia: Lands Minister makes a case on building value chain in Africa’s mineral exploration

The Minister for Lands and Natural Resources, Samuel A. Jinapor on Tuesday, 9th January 2024, joined the Government of the Kingdom of Saudi Arabia and Ministers from other countries who are in charge of mining for roundtable discussions as part of the two-day Future Minerals Forum (FMF), held in Riyadh, Saudi Arabia.

FMF is a forum that seeks to promote resilient mineral value chain in Africa, Western and Central Asia, and the Ministerial Forum allows Ministers to discuss challenges and developments in the mining sector, particularly, as they relate to critical minerals.

Mr Jinapor made a submission on building a value chain for critical minerals in Africa, which holds a substantial amount of these minerals. These minerals include 91% of the platinum group of metals, 79% of phosphate rock, 53% of cobalt, and 46% of manganese.

He reiterated the commitment of President Akufo-Addo’s Government to treat our green minerals differently, and not export them in their raw state.

On the sidelines of the Forum, the Minister held strategic meetings with a number of investors and made a pitch for investment in Ghana’s mining sector.

The Lands Minister also engaged the Chief Executive Officer of the Saudi Exchange, the biggest stock exchange in the Gulf and the 8th globally, on cooperation to build our upstream, midstream and downstream mining industries.

“The success of the green energy transition depends partly on how countries that produce these critical minerals benefit from them, and Ghana, under the able leadership of President Akufo-Addo, has positioned herself to leverage these minerals to unleash prosperity for the people of Ghana, while contributing to halt climate change”, he concluded.

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