Saudi Arabia, UK to boost cooperation in mining sector

Saudi Minister of Industry and Mineral resource Bandar Alkhorayef and UK Minister for Business and Trade Kemi Badenoch. (SPA)
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Updated 26 May 2023
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Saudi Arabia, UK to boost cooperation in mining sector

  • Agreement will focus on critical minerals, diversifying supply chains and helping transition to clean energy

RIYADH: Bandar Alkhorayef, Saudi Arabia’s minister of industry and mineral resources, signed a letter of intent with Kemi Badenoch, the UK secretary of state for business and trade, to enhance cooperation in the field of critical minerals.

Critical minerals, such as copper, lithium, nickel, cobalt and rare earth elements, are essential components in many rapidly growing clean energy technologies.  

The two sides seek to commit to the joint development of supply chains of minerals essential to the worldwide transition to zero carbon neutrality, Saudi Press Agency reported.  

Alkhorayef said that this step comes within the framework of boosting bilateral relations between Saudi Arabia and the UK in the industrial and mining sectors, and contributes to supporting global efforts to realize a green future. 

The Saudi minister said that the two countries want to ensure the availability of minerals required for the transition to sustainable energy. 

The letter of intent will enable both countries to diversify supply chains for critical minerals used in a variety of metal-intensive industries, such as vehicle manufacture, electricity, aviation, defense and renewable energy.

It will also enable them to coordinate through international forums, collaborate with  the private sector on mineral supply chains, and explore joint investment opportunities, as well as facilitate knowledge exchange on projects related to critical minerals.
 


Iran close to deal with China to buy supersonic anti-ship cruise missiles

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Iran close to deal with China to buy supersonic anti-ship cruise missiles

  • Giant aircraft carrier USS Gerald R. Ford docks in Crete en route to Middle East

LONDON: Iran is close to a deal with China to purchase supersonic anti-ship cruise missiles, as the US deploys a vast naval force near the Iranian coast ahead of possible strikes.

The CM-302 ​missiles have a range of about 290 kilometers and are designed to evade shipborne defences by flying low and fast. Their deployment would significantly enhance Iran’s strike capabilities and pose a threat to US naval forces in the region, two weapons experts said.

“It’s a complete gamechanger if Iran has supersonic capability to attack ships in the area,” said Danny Citrinowicz, a former Israeli intelligence officer and now senior ‌Iran researcher at the Institute ‌for National Security Studies, a think tank in Israel. “These missiles are very difficult to intercept.”

It is not known how many missiles ​are ‌involved in ⁠the potential ​deal, ⁠how much Iran has agreed to pay, or whether China would go through with the agreement given heightened tensions in the region.

“Iran has military and security agreements with its allies, and now is an appropriate time to make use of these agreements,” an Iranian foreign ministry official said.

Meanwhile the aircraft carrier USS Gerald R. Ford, the world’s largest warship, has reached the US naval base of Souda Bay on the Mediterranean island of Crete en route to the Middle East.
Washington has more than a dozen warships in the region: the aircraft carrier USS Abraham Lincoln, nine destroyers and three combat ships.