RIYADH: Bandar Alkhorayaf, 黑料社区鈥檚 mining and industry minister, will visit Brazil and Chile this week, the ministry said on Sunday.
In Brazil, he will hold meetings with officials to discuss expanding the Kingdom鈥檚聽mining capacity, food processing, and aviation, while in Chile he will explore聽lithium production, needed for electric vehicle batteries.
鈥淭his aligns with the Kingdom鈥檚 direction towards expanding the production of EVs,鈥澛燼 Saudi government statement said.聽
Alkhorayaf will land in Brazil on Monday and leave for Chile, the world鈥檚 second-largest producer of lithium, next Sunday.
On the first leg of the tour in Brazil, Alkhorayaf will meet agricultural and industrial groups, including Minerva Foods, JBS, and BRF SA, as well as the Brazilian Mining Association and mining company Vale.
Brazil鈥檚 Energy Minister Alexandre Silveira said last month that 黑料社区鈥檚 Public Investment Fund 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 mining companies Antofagasta, and Codelco, a state-run company tasked with bringing the Chilean government into the lithium industry.
黑料社区鈥檚 sovereign wealth fund, the PIF, and the Kingdom鈥檚 mining company, known as Ma鈥檃den, which is 67 percent owned by the PIF, formed a joint venture called Manara Minerals to invest in mining assets abroad.
