Saudi Arabia discovers 110 million tonnes of Uranium-rich ore in Madinah region
&imwidth=600&imheight=450&format=webp&quality=medium "Saudi Arabia discovers 110 million tonnes of Uranium-rich ore in Madinah region")
Representative image. Photograph: (Unsplash)
The Minister of Industry and Mineral Resources, Prince Abdulaziz, said that the Madinah find is part of Saudi Arabia's broader effort to attract greater investment into the kingdom's energy and mining sectors.
Saudi Arabia has found 110 million tonnes of raw materials containing uranium concentrations in Madinah, the energy minister of the kingdom announced at the IAEA General Conference in Vienna, according to Saudi state TV on Monday (September). Prince Abdulaziz said that the Madinah find is part of Saudi Arabia's broader effort to attract greater investment into the kingdom's energy and mining sectors.
“The exploration and geological studies at the Jabal Sayid project in the Madinah region have revealed ore containing high concentrations of rare earth elements, particularly the heavy rare earth elements, alongside promising concentrations of uranium,” the prince, who took on the additional charge of Minister of Industry and Mineral Resources in July, said at the conference. “This positions the project among the most significant rare earth mineral resource sites currently under development globally.”
As the largest economy in the Arab world, Saudi Arabia has kept up its push to diversify its energy and mineral resources, building capabilities both domestically and through strong international partnerships, the minister was quoted as saying by Al Arabiya TV.
Significant for US-Saudi deal
The announcement of findings of natural ore with concentration of Uranium is vital for the US-Saudi deal in terms of civilian nuclear programme in the kingdom. Both the nations signed the agreement in July alongside a bilateral protection deal, laying the foundation for a "decades-long, multibillion-dollar partnership".
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"These agreements reflect our two nations' shared commitment to strengthening US-Saudi commercial relations, delivering prosperity at home and security to our allies abroad," US Energy Secretary Chris Wright said in a statement.
