11
Jan
17:20
Ma’aden, PIF to set up Saudi mining fund
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Saudi Arabian Mining Company (Ma’aden) is partnering with the kingdom’s Public Investment Fund (PIF) to jointly invest in critical minerals assets around the world, Kallanish reports.
The companies said Wednesday they intend to establish a 51%-49% (respectively) joint venture to initially invest in nickel, lithium, copper, and iron ore. The investments will be done on a non-operating, minority shareholder basis. The $50 million mining JV is subject to…
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