The Saudi Minister of Mineral Resources announced that the Kingdom has increased its estimates of the value of untapped mineral resources, including phosphate, gold, and rare earth metals, to $2.5 trillion, up from the 2016 estimate of $1.3 trillion. The Saudi mining company Ma'aden, established in 1997, stated that it is already producing some of these minerals.
Saudi Arabia Raises Mineral Resource Estimates to $2.5 Trillion
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