#Saudi Arabia #Riyadh #Future Minerals Forum #Sustainable Mining

A Global Focus on Minerals: The Upcoming Fourth Future Minerals Forum

In an unprecedented assembly expected to set the stage for the future of mineral resources, over 85 governments from significant mineral-producing and consuming nations will convene in Riyadh on January 14, 2025. This gathering will be a highlight of the Fourth Future Minerals Forum (FMF), attracting officials and leaders from 16 major G20 economies and a mix of 50 ministers and 13 vice ministers.

The Ministerial Roundtable, which opens the FMF, is recognized as a multi-stakeholder initiative designed to spur international cooperation in enhancing investments in mineral supply chains. This year's event is anticipated to be the most significant and prestigious gathering of mineral resources officials on a global scale, representing a vital step forward in positioning minerals within the context of sustainable development.

Key Initiatives on the Agenda

During this event, discussions will revolve around three critical initiatives established in previous forums:
1. Development of an International Critical Minerals Framework: This initiative aims to standardize how minerals are categorized and approached globally, ensuring best practices are followed.
2. Establishment of Centers of Excellence: Locations will be highlighted in Morocco, South Africa, and Saudi Arabia to focus on sustainability, talent development, and technological innovation respectively. This marks an effort to build local capacities and ensure that communities benefit from their natural resources.
3. Advancements in Certification Systems: This will ensure responsible sourcing and promote higher standards for ethical mining practices across regions.

His Excellency Khalid Al-Mudaifer, Vice-Minister for Mining Affairs in Saudi Arabia, expressed that this forum acts as a cornerstone for sustainable development in the minerals sector. "It is an ideal platform for delivering solutions, developing legislation on best practices in sustainable mining, and finding investment opportunities to foster economic and social growth in producing countries," he noted.

A Call for Global Cooperation

With participation expected from leaders in mineral supply and financing from countries such as Brazil, South Africa, the Democratic Republic of the Congo, India, and others, the discussions will emphasize collaboration among governments, industry, and local communities. The goal is to stimulate investments in the minerals sector, support sustainable mining practices, and build resilient supply chains.

The envisioning of a sustainable minerals industry is not just about immediate impacts; it involves creating lasting frameworks that support ongoing collaboration and year-round initiatives. Regional Coordination Groups will play a crucial role in continuing the implementation of these key initiatives post-forum.

FMF: A Central Hub for Minerals Collaboration

As FMF evolves into the world's leading hub for minerals collaboration, it stands out as a unique platform that gathers a high caliber of government ministers and senior industry leaders. The outcomes of the Ministerial Roundtable are set to influence not just policies but the way nations interact fundamentally regarding minerals management.

"The FMF represents an emerging opportunity for cohesive action and innovation in the minerals sector," Al-Mudaifer concluded, underscoring the forum's commitment to fostering valuable partnerships in the industry.

With the stage set for this monumental gathering, the global community is poised to witness significant developments that could redefine the future of mineral governance and sustainability practices.