Saudi Arabia increases mineral potential projections by 90% to $2.5tn

Minister of Industry and Mineral Resources Bandar Alkhorayef highlighted that the revision is based on discoveries related to rare earth elements and an upswing in mineral volumes. AN Photo
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Updated 10 January 2024
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Saudi Arabia increases mineral potential projections by 90% to $2.5tn

RIYADH: Saudi Arabia has elevated its projections for undiscovered mineral potential by 90 percent to $2.5 trillion, as stated by the minister of industry and mineral resources.  

Speaking during the opening remarks of the third Future Minerals Forum, Bandar Alkhorayef highlighted that the revision is based on discoveries related to rare earth elements and an upswing in mineral volumes.  

The minister said: “I am delighted to announce that our estimation for the Kingdom’s untapped mineral potential has increased from $1.3 trillion to $2.5 trillion, an increase of 90 percent.”   

He added: “This is based on new discoveries in the form of rare earth elements and the combination of the increase of volumes in phosphate, gold, zinc and copper as well as the revaluation of these minerals.” 

Alkhorayef further explained that this is only built on 30 percent of the Arabian Shield exploration suggesting that there is more to be discovered. In addition, it clearly shows that with more investment in exploration, it is possible to maximize the endowment potential.  

The minister also announced that the forum will witness signing of deals worth SR75 billion ($20 billion), driving research and development technology upstream and other value chain opportunities.  

“Today, we are at a historical point where minerals are at the spotlight as vital elements for the energy transition, food security and for global development,” Alkhorayef said.  

The minister also expressed his delight as he revealed many key initiatives, beginning with the exploration incentive program in partnership with the Ministry of Investment, which has a budget of more than $182 million.  

“This program will de-risk investments in our exploration securing to enable new commodities, greenfield projects, and junior miners. In addition, and to drive the existing future of the exploration sector, we are announcing the fifth and sixth rounds of licensing programs offering access to 33 exploration sites this year,” he continued.  

Looking at exponential progress made on the key initiatives the Kingdom agreed on last year, Alkhorayef announced to offer country-sized sites for exploration beginning with the Jabal Sayid Mineral Belt spanning over 4,000 sq. km.  

During the high-level ministerial roundtable meeting on Tuesday, Alkhorayef stated that the Kingdom has endorsed a detailed roadmap for the development of a regional critical mineral framework to promote global collaboration and maximize value creation in supplier countries.  

“We agreed on further work on exploring value chain creation opportunities for green metal hubs in the region, enabled by new technologies and renewable energy which we consider draft sustainability, expectations to be incorporated into the framework,” the minister said.  

He added: “We endorsed a roadmap for the creation of Mineral Innovation and Acceleration Park, the first phase of a global network of centers of excellence. All of this is proof that we are turning talk into action.”  


UK anti-Islam activist ‘Tommy Robinson’ charged with harassment of two men

Updated 13 min 45 sec ago
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UK anti-Islam activist ‘Tommy Robinson’ charged with harassment of two men

  • Crown Prosecution Service said the alleged offenses were committed between August 5 and 7 last year

LONDON: Prominent British anti-Islam activist Stephen Yaxley-Lennon has been charged with harassment causing fear of violence to two men around the time of the nationwide riots last year, prosecutors said on Wednesday.
“We have authorized the Metropolitan Police to charge Stephen Yaxley-Lennon, 42, with harassment causing fear of violence against two men,” a Crown Prosecution Service (CPS) spokesperson said in a statement.
Yaxley-Lennon, known as Tommy Robinson, is currently in prison over a separate contempt of court issue but is due to be released next week after winning a bid on Tuesday to trim the 18-month sentence.
The CPS said the alleged offenses were committed between August 5 and 7 last year — when riots broke out at anti-immigration protests in towns and cities across Britain following the murder of three young girls in Southport, northwest England.
Yaxley-Lennon, who describes himself as a journalist who exposes state wrongdoing and counts US billionaire Elon Musk among his supporters, was accused by some media and politicians of inflaming tensions at the time of the riots.


India expels second Pakistani diplomat amid ongoing tensions

Updated 29 min ago
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India expels second Pakistani diplomat amid ongoing tensions

  • India declares Pakistani diplomat persona non grata, orders him to leave the country within 24 hours
  • India expelled another Pakistani diplomat on May 13, prompting a tit-for-tat response from Islamabad

ISLAMABAD: India has expelled a second Pakistani diplomat within ten days, declaring him persona non grata for activities “not in keeping with his official status,” the external affairs ministry in New Delhi announced on Wednesday.

The move comes amid heightened tensions between the two countries following a military standoff earlier this month. Despite a ceasefire agreement reached on May 10, diplomatic relations between the nuclear-armed neighbors remain strained.

“The Government of India has declared a Pakistani official, working at the Pakistan High Commission in New Delhi, persona non grata for indulging in activities not in keeping with his official status in India,” the Indian ministry said in its statement.

“The official has been asked to leave India within 24 hours,” it added.

This is the second such expulsion in recent weeks. On May 13, India expelled a Pakistani diplomat on similar grounds. In response, Pakistan declared an Indian High Commission staffer in Islamabad persona non grata.

The Indian ministry also summoned the Charge d’Affaires of the Pakistan High Commission to issue a demarche, emphasizing that Pakistani diplomats must not “misuse their privileges and status in any manner.”

As of now, Pakistan’s foreign office has not responded to the latest development.


Three British ministers to explain increase in arms exports to Israel despite partial ban

Updated 30 min 14 sec ago
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Three British ministers to explain increase in arms exports to Israel despite partial ban

  • Trade Minister Douglas Alexander and relevant ministers from the Foreign Office and the Ministry of Defence will answer MPs’ questions
  • Liam Byrne, chair of the business select committee, says ministers should clarify reasons behind the increase in arms exports to Israel

LONDON: The British parliamentary committee overseeing trade is summoning three Labour government ministers responsible for arms exports to Israel to answer questions about loopholes in the rules.

In September, the UK government announced a partial ban on arms exports to send munitions to Israel for use in Gaza as the Israeli forces continue their attacks on the Palestinian coastal enclave.

British MPs are concerned that arms companies may exploit the partial nature of arms exports to provide weaponry to Israel for use in Gaza, potentially violating a commitment by ministers.

Liam Byrne, chair of the Business and Trade Select Committee, has called Trade Minister Douglas Alexander and relevant ministers from the Foreign Office and the Ministry of Defence to answer questions about the arms trade with Israel.

He said in a letter that the three ministers should clarify the reasons behind the increase in arms sent to Israel. Additionally, he called for the release of statistics regarding the number of licenses altered to exclude Israel as the end user.

He said the ministers assured MPs that the partial ban covered “equipment that we assess is for use in the current conflict in Gaza, such as important components that go into military aircraft, including fighter aircraft, helicopters and drones, as well as items that facilitate ground targeting.”

His decision followed a report from the Campaign Against the Arms Trade, which revealed last week that the UK government approved licenses for £127.6 million ($171.5 million) worth of military equipment to Israel in the fourth quarter of 2024, which occurred despite the Labour government’s partial ban on arms exports to Israel imposed in September.

The CAAT said that the total is greater than the combined arms exports to Israel for the years 2020 to 2023.

On Tuesday, Foreign Secretary David Lammy assured MPs that “arms are not being delivered to Israel that could be used in Gaza.” However, the government has authorized over £61 million in single-issue licenses for military goods intended for Israel, including targeting systems, munitions, and aircraft parts, according to The Guardian newspaper.


Aoun, Abbas agree Lebanon will not be used as launchpad for strikes against Israel

Updated 52 min 53 sec ago
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Aoun, Abbas agree Lebanon will not be used as launchpad for strikes against Israel

  • ‘Era of weapons outside the authority of the Lebanese state has ended,’ presidents say
  • Leaders also call for ‘just and lasting peace in the region’

BEIRUT: The Lebanese and Palestinian presidents have agreed that Palestinian factions will not use Lebanon as a launchpad for any attacks against Israel.

The two sides also agreed on Wednesday to remove weapons that are not under the authority of the Lebanese state.

The announcement came at the start of Palestinian President Mahmoud Abbas’ three-day visit to Lebanon.

Abbas and Lebanese President Joseph Aoun affirmed their “commitment to the principle of exclusive possession of weapons by the Lebanese state and to ending any manifestations that fall outside the framework of the Lebanese state.”

In a joint statement they highlighted “the importance of respecting Lebanon’s sovereignty, independence and territorial integrity and their belief that the era of weapons outside the authority of the Lebanese state has ended — especially since the Lebanese and Palestinian peoples have for many decades borne heavy losses and made great sacrifices.”

They said also that the Palestinian side “affirmed its commitment not to use Lebanese territory as a launchpad for any military operations and to respect Lebanon’s declared policy of non-interference in the affairs of other countries and avoiding regional conflicts.”

Both sides agreed the need to reach “a just and lasting peace in the region that would allow the Palestinian people to establish their independent state following relevant international legitimacy resolutions, while also ensuring that all countries and peoples in the region obtain their rightful and legitimate rights.”

The statement condemned the “ongoing Israeli aggression on the Gaza Strip and the resulting severe human losses and unprecedented humanitarian catastrophe” and called on the international community “to take immediate and serious action to stop it and to provide full protection for Palestinian civilians.”

Abbas arrived at Beirut airport at about 1 p.m. and immediately headed to the presidential headquarters. A presidential source said the talks focused on the issue of “Palestinian weapons in the Palestinian refugee camps in Lebanon, the extension of full Lebanese state authority over these camps and the implementation framework for the plan.”

Aoun and Abbas underscored “the urgent need to strengthen the role of the UN and its institutions in safeguarding the Palestinian people, upholding international law and ensuring the enforcement of the resolutions of international legitimacy.”

They condemned the “repeated Israeli attacks on Lebanon” and called on “the international community, particularly the US and France, to pressure Israel to follow the agreement reached under their auspices in November 2024. The agreement stresses a cessation of hostilities, the withdrawal from Israeli-occupied hills and the release of Lebanese prisoners.”

Implementing such measures was “essential for allowing the Lebanese army to complete its deployment to the internationally recognized borders, following Resolution 1701, to which Lebanon remains fully committed,” they said.

The two sides highlighted the need to “enhance coordination between official Lebanese and Palestinian authorities to maintain stability within and around the Palestinian camps” and their commitment to “strengthening cooperation in the fight against terrorism and extremism and to ensuring that the camps do not serve as safe havens for extremist groups.”

On the issue of Palestinian refugees in Lebanon, they stressed the importance of “continued support for UN agency UNRWA, the continuation of its services to refugees and increasing its financial resources to enable it to fulfill its obligations.”

They also agreed to form a joint Lebanese-Palestinian committee to monitor the situation in the Palestinian camps in Lebanon and work to improve the living conditions of refugees, “while respecting Lebanese sovereignty and adhering to Lebanese laws.”

During his visit, Abbas is scheduled to hold meetings with parliament speaker Nabih Berri, Prime Minister Nawaf Salam and other senior officials and representatives of Palestinian factions from the refugee camps.

Also, the Hani Fahas Academy for Dialogue and Peace will honor Abbas with the 2025 Peacemakers Award at a ceremony on Thursday in Beirut, “in recognition of his efforts to promote Lebanese-Palestinian reconciliation.”

This is not the first time the issue of weapons in Palestinian refugee camps in Lebanon has been raised. The matter was included as a clause in the 2006 Doha Agreement and was discussed during the Lebanese National Dialogue in 2008, chaired by former President Michel Suleiman.

The discussion focused on the need to disarm Palestinian factions in refugee camps and in politically protected Palestinian communities.

The clause was not enforced however, leading to clashes in the Nahr Al-Bared Palestinian refugee camp between the Lebanese army and Palestinian factions supported by the former Syrian regime.

The issue was tackled again during Abbas’ visit to Lebanon in 2013. In a meeting with Suleiman he said Palestinians were “guests in Lebanon and are subject to the law.”

“The Palestinian presence in Lebanon is temporary and the Lebanese territory’s unity and sovereignty are a sacred matter for us. We count on the Lebanese government to protect the safety of Palestinian refugees and ensure their well-being,” he said.

Ain Al-Helweh — the biggest and most populated Palestinian refugee camp in Lebanon — witnessed armed clashes in 2013 between the Jund Al-Sham and Fath Al-Islam factions, resulting in the death of 16 Lebanese soldiers.

Abbas also visited Lebanon in 2017 and held talks with former President Michel Aoun. The following year, bloody clashes erupted within Ain Al-Helweh between the Fatah Movement and armed extremists, resulting in rifts between Palestinian factions there.

Further clashes took place in 2023 between members of Fatah and individuals affiliated with extremist groups close to Hamas.

According to a 2017 census by the Central Administration of Statistics in Lebanon and the Palestinian Central Bureau of Statistics, 174,422 Palestinian refugees were living in camps and other pockets across Lebanon.

There were also Palestinian military centers affiliated with Palestinian factions loyal to the Syrian regime located outside the Palestinian camps, specifically in Bekaa, which were handed over to the Lebanese army following the fall of Bashar Assad’s regime.

The Palestinian arms crisis reached its peak following the implementation of the ceasefire agreement between Israel and Hezbollah in November last year, when members of Hamas repeatedly launched rockets toward the Israeli side from southern Lebanon.

The Lebanese army pursued and apprehended several suspects but four evaded capture and went into hiding in Palestinian refugee camps in Tyre. Three were later surrendered by Hamas following pressure from the Lebanese government on its leadership, while the fourth, reportedly a religious figure, remains at large.

Haitham Zaiter, a member of the Palestinian National and Central Council, said in a statement that Abbas’ visit carried “a message of support for Lebanon.”

“During the meetings, it will be emphasized that Palestinians are guests on Lebanese territory, respect sovereignty and abide by Lebanese laws until their return to their homeland. This is a right that cannot be waived and does not expire with time,” he said.

“Discussions will also address issues related to the living, social and civil rights of refugees, as well as the right to work and own property in Lebanon, which require amending some laws. It will also be emphasized that Palestinians in Lebanese territory are subject to the law.”


Rubio steers clear of branding Putin ‘war criminal’

Updated 56 min ago
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Rubio steers clear of branding Putin ‘war criminal’

  • “Crimes have been committed in the war on Ukraine, and there will be accountability for that,” Rubio said
  • Keating accused Rubio of being “inconsistent” and “equivocating“

WASHINGTON: US Secretary of State Marco Rubio on Wednesday steered clear of calling Russian President Vladimir Putin a “war criminal,” saying the priority was negotiations to end the Ukraine conflict.

In a fiery congressional hearing, Democratic Representative Bill Keating recalled Rubio’s heated criticism of Putin’s record when the top US diplomat served as a senator, and asked him if he still believed Putin is a “war criminal.”

“Crimes have been committed in the war on Ukraine, and there will be accountability for that, but our goal right now is to end that war,” Rubio said.

“Because let me tell you, every single day that that war goes on, people are killed, more people are maimed and, frankly, more war crimes are being committed,” he said.

Keating accused Rubio of being “inconsistent” and “equivocating.”

Rubio later responded to a fellow Republican by saying there was a value in speaking to Russia.

“If there had not been communications between the US and Russia in 1961,” Rubio said, “the world could have ended during the Cuban Missile Crisis.”

President Donald Trump spoke Monday by telephone to Trump and Ukrainian President Volodymyr Zelensky in his latest effort, so far unsuccessful, to end the war.

Putin, who had faced international isolation during former president Joe Biden’s administration, has rebuffed US calls backed by Ukraine for a 30-day ceasefire.

Tens of thousands have died, mainly civilians, since Russia invaded Ukraine in February 2022.

Early in the war, dozens of civilians were found dead in the Kyiv suburb of Bucha following a months-long occupation by Russian forces.

Putin faces an arrest warrant from the International Criminal Court over the transfer of children from Russian-occupied parts of Ukraine into Russia.