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According to Saudi Vice Minister for Mining Affairs Engineer Khalid Bin Saleh Al-Mudaifer, a group from the Kingdom has arrived in Pakistan to investigate investment opportunities in the mining industry of the South Asian nation. The delegation hopes to access Pakistan's estimated $6 trillion in mineral resources. Al-Mudaifer led the Saudi delegation to Pakistan's inaugural mineral conference, where Shehbaz Sharif, the Prime Minister of Pakistan, and the army chief addressed a crowd of foreign businessmen, diplomats, and dignitaries in Islamabad. The Special Investment Facilitation Council (SIFC), which Pakistan established in June to entice foreign investment, served as the umbrella organization for the conference. #saudiarabia #investment #opportunities #industry #southasia #pakistan #ministers #islamabad #june

All that glitters is GOLD!!! Wind back to 2013 and India was once again on the verge of pledging its gold reserves after 1991. In 2013 the situation of the Indian economy was precarious with high inflation, high fiscal deficit and high current account deficit ravaging the Indian economy. Fast forward to 2024 and India is now adding to its gold reserves to counter the geo-political uncertainties especially after the ensuing Russia Ukraine war, freezing of Russian assets in western countries post sanctions, which clearly indicates that alongwith comfortable foreign exchange reserves of $ 650 billion the Indian economy is firing on all cylinders. https://lnkd.in/dcasfrkt #India #Indian #economy #gold #dollar #Russia #Ukraine

News Highlights - April 19, 2024 Israel Strikes Targets in Iran as Middle East Tensions Rise https://lnkd.in/dvcwCPaH Shehbaz to personally monitor Saudi investment https://lnkd.in/d4GsqJDv IMF ready to support Pakistan https://lnkd.in/dp7j72ju Pakistan’s inflation deceleration broad-based, says central bank chief https://lnkd.in/dKe5Higi SBP forex reserves rise by $14.4 million to $8.055 billion https://lnkd.in/drEWUD6a Repatriation picks up https://lnkd.in/dzUwqQis Minister rules out PKR devaluation https://lnkd.in/dhcuPmxg Power generation drops 8.2pc y/y in March https://lnkd.in/dPCF2_aG Auto loans plunge 24.4pc y/y, marking 21 months of consecutive decline https://lnkd.in/dRjqgGA6 Textile exports see fourth straight monthly surge in March https://lnkd.in/dMDzKi3S MARI drills appraisal well in Sindh https://lnkd.in/d8zT8vmQ E&P firms threaten to suspend oil, gas production operations https://lnkd.in/dKaJCpyp Saudi Arabia Moves Closer to $1 Billion Barrick Pakistan Deal https://lnkd.in/dKq2ARgU

African mining sectors are the key source of illicit financial flows. Any deal not favourable must be stopped with immediate effects. Today is #internationalAntiCorruptionDay #AntiCorruptionDay Corruption is the force behind illicit financial flows. Let us join forces to stop it

Why gold is rising sharply in international market? If you analyse then main reasons comes out the purchasing of gold by Central Banks of mainly of non-NATO countries. After the seizing of dollar reserves of Russia last year by US, the non NATO countries are reducing dependency on dollar reserves. Looking to this US gold Companies have decreased drastically the mining & production of gold in the name of preserving same for future for their country.Over it the fear of Iran -Israel war. So big mismatch of demand & supply. Even our RBI purchased approx 8.3 ton of gold in Jan 24 only taking Bharat's gold reserves to highest levels of more than 800 tons. Unless geo political situation eases , gold may scale further rapidly.SIlver is following similarly also with uptake in industrial demand. #gold #finance #nato #silver

We have just published a new Insight Briefing on the economic outlook of Eritrea and prospects of conflict with Ethiopia. ⚠️ Will a dispute over #RedSea access renew conflict between Eritrea and Ethiopia? 🤝 What are the objectives in Eritrea’s push for enhanced relations with #China and #Russia? 📈 Will the #mining sector drive an economic recovery in Eritrea? Our Insight Members can download the full briefing through the link in the comments section. #Eritrea #Asmara #Afwerki #potash #Massawa #Tigray #Ethiopia #Badme #riskforecasting #PangeaRisk

via @PerilOfAfrica #Afghanistans #benefits #forthcoming #mineral The benefits of Afghanistan’s mineral riches may not be so forthcoming | Opinions: By AL JAZEERA In late August, the Taliban interim government signed several contracts worth $6.5bn with foreign and national investors to develop some of Afghanistan’s mineral wealth. As the country grapples with a struggling economy and the legacy of decades of war and great power conflicts, these mining deals could provide much-needed revenue and employment […] The post The benefits of Afghanistan’s mineral riches may not be so forthcoming | Opinions first appeared on Peril Of Africa.

What are African leaders doing to stop illegal gold trade ? The world needs to benefit from its minerals by allowing total compliance with the law for those trading in precious metals. 1. In Sudan, one of the continent’s biggest producers, the government has unveiled a $3 billion plan for private banks to work with the central bank to buy gold from small-scale miners, offering prices that would make it less attractive to sell on the black market. 2. Some, including Ivory Coast, are taking gradual steps to regulate their informal mining operations. Ghana and Zambia have sent security forces into mining areas to halt operations so miners can be registered and regulations put in place. Ghana, concerned that a rush of mainly Chinese-led ventures is harming the environment, has arrested hundreds of Chinese miners and expelled thousands in the past six years.At the end of last month, Ghana temporarily banned the import of excavator equipment to try to stem a surge in illegal mining using heavy machinery. #Gold #NoToSmuggling #Africa #Africarising #goldmarket

🚨 New investigation into gold exports to Niger 🚨 This case reveals the flaws in the country's mining export control system. The government acts and launches an in-depth investigation to combat gold trafficking. Transparency International expresses its concern and calls for more transparency. It is time to protect Niger's natural resources and ensure equitable benefits for all. #Transparency #Niger #NaturalResources

Bank of Namibia Revises Upwards Amid Global Economic Challenges #NamibiaEconomy #MiningGrowth #GlobalEconomicTrends #BankOfNamibia #InflationConcerns #ImportCosts #GeopoliticalRisks #SubSaharanAfrica #EconomicOutlook #ClimateChangeImpact