RIYADH: Bandar Alkhorayaf, Saudi Arabia's Minister of Mines and Industry, will visit Brazil and Chile this week, the ministry said on Sunday.
In Brazil, he will hold meetings with officials to discuss expanding the State's capacity in mining, food processing and aviation, while in Chile he will look at lithium production. , required for electric vehicle batteries.
“This is in line with the Kingdom's direction to expand EV production,” the Saudi government said in a statement.
Alkhorayaf will land in Brazil on Monday and leave for Chile, the world's second largest producer of lithium, next Sunday.
On the first leg of the tour in Brazil, Alkhorayaf will meet with agricultural and industrial groups, including Minerva Foods, JBS, and BRF SA, as well as the Brazilian Mining Association and mining companies. Okay.
Brazilian Energy Minister Alexandre Silveira said last month that Saudi Arabia's Treasury plans to invest $15 billion in Brazil in areas such as green hydrogen, infrastructure and renewable energy.
In Chile, the minister will meet his counterpart Aurora Williams, as well as Antofagasta mining companies, and Codelco, the Chilean government's state-owned company in the lithium industry. .
Saudi Arabia's sovereign wealth fund, PIF, and a mining company, called Ma'aden, which is 67 percent owned by PIF, have established a company called as Manara Minerals to invest in mining resources abroad.
