Industrial Minerals


Peninsula prospects

June 2010

by Mike O'Driscoll

Although there remain challenges, an abundance of untapped mineral deposits, increasing demand, and clear political will and support to develop the mineral sector has brought the Arabian Peninsula under the investor spotlight

Keywords: Arabian Peninsula, minerals, development, Saudi Arabia, Oman, Ma'aden, UMIC

In terms of natural resource development the Arabian Peninsula has long been associated with oil and gas, and remains one of the world’s leading suppliers of these fossil fuels. However, the region is also underlain with some important industrial mineral deposits, certain of which have the potential to become significant sources of supply.

Increasing interest in pursuing development of Arabian industrial minerals has been driven by three main factors:

Arabian government policies to significantly accelerate development of infrastructure, and so prompting an upsurge in associated manufacturing industries as key domestic consumers of industrial minerals (eg. construction materials, cement, glass, ceramics, plastics) Arabian government policies to significantly develop natural resources other than oil and gas, ie. minerals and water, leading to a modernisation of mining legislation and opening up of exploration areas and licences in a bid to attract foreign investment outside the region, the last few years have witnessed keen...