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1.Oil
Reserves: 297 billion barrels (2nd largest in the world)
Accounts for 17% of global oil reserves
Mainly light oil, which is easy to mine, so there is a lot of profit left.
2. Natural gas
Reserves: 8.5 trillion cubic meters (5th largest in the world)
3. Gold
There are 600 gold mines nationwide, and one mining area is estimated to have 217 tons of gold.
New 125 km long gold belt discovered
4.Phosphate
Reserves: 3 billion tons (3rd largest in the world)
5.Bauxite
Reserves: 400 million tons.
6.Uranium
Reserves estimated at 90,000 tons.
7.Other
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Saudi Arabia has untapped mineral resource reserves within the country.
The estimate frame has been raised by almost double.
Saudi Arabia’s Minister of Industry, Mineral Resources, Bandar Ibrahim Alkorayev (photo) said on the 9th:
(Local time) In an interview with CNBC, Reuters, etc., it was said, “The remains buried in Saudi Arabia
untapped minerals
The estimate is from $1.3 trillion (approximately 1,717 trillion won) in 2016.
“It has increased by about 909% to $2.5 trillion (approximately 3,300 trillion won),” he said.
“This is the fruit of our efforts, and we are very excited about this,” he said.
He said, “The scale of deposits of gold, copper, zinc, phosphate, as well as rare earth elements is larger than already known.”
“It turned out to be a lot,” he said. “Only about 300 resource towers have been completed, and up to 10096 have been completed.”
“We expect it to increase,” he added. 1,006 of the estimated increase is due to electric vehicles and point-and-shoot products.
It is calculated that it came from rare earth elements essential for production.
Saudi Arabia, the world’s largest oil producer, has not only crude oil, but also gold, silver, copper, iron ore, rare earth elements, zinc,
Saudi Arabia is known to be rich in various mineral resources such as phosphate and bauxite.
Investment in mining is being accelerated, including the designation of 33 new damsa areas for mineral extraction.
resources