RIYADH, July 21 (Reuters) - Saudi Arabia's mining
minister will visit Brazil and Chile over the coming two weeks,
the ministry said on Sunday, as the world's leading oil exporter
seeks to expand its international presence in mining.
In Brazil, talks will cover mining, food processing, and
aviation, while in Chile the focus is on lithium, needed for
electric vehicle batteries.
"This aligns with the Kingdom's direction towards expanding
the production of EVs," a Saudi government statement said.
Saudi Minister of Industry and Mineral Resources Bandar
Alkhorayaf will land in Brazil on Monday and leave for Chile,
the world's second largest producer of lithium, next Sunday.
First in Brazil, Alkhorayaf will meet agricultural and
industrial groups, including Minerva Foods, JBS, and BRF SA, as
well as the Brazilian Mining Association (IBRAM) and mining
company Vale.
In Chile, Alkhorayaf 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.
Codelco has been seeking private sector partners to launch
lithium projects.
A potential candidate is Saudi Arabia's Almar Water
Solutions, whose chief executive said in June the company sought
a partnership with Codelco in its planned Maricunga lithium
mining project.
Long dependent on oil, Saudi Arabia hopes to use lithium to
help diversify its economy and turn itself into a hub for EV
manufacturing.
The diversification strategy includes plans to expand into
international mining to secure access to minerals including
copper, cobalt, and nickel as well as lithium.
Saudi Arabia's sovereign wealth fund, the Public Investment
Fund (PIF), and the Kingdom's Mining Company, known as Ma'aden,
which is 67% owned by the PIF, formed a joint venture called
Manara Minerals to invest in mining assets abroad.
Brazil's minister for energy Alexandre Silveira said last
month the PIF plans to invest $15 billion in Brazil in areas
such as green hydrogren, infrastructure, and renewable energy.