Commodity-TV

The whole world of commodities in one App!

Watch Management & Expert Interviews, Site-Visit-Videos, News Shows and receive top and up to date Mining Information on your mobile device worldwide!

Download our unique App for free!
Commodity-TV Play Store
Commodity-TV App Store
Commodity-TV

Social Media


A gigantic mining town is emerging in Saudi Arabia

The project called Waad Al-Shamaal is inaugurated by Saudi Arabian King Salman. The city covers 440 square kilometers

The motives are obvious. Saudi Arabia wants to build an economy that is not dependent on oil and state subsidies. One wants to get away from hydrocarbons. Unused mineral resources are estimated at five trillion rials. These unused reserves in the form of bauxite (the source of aluminium), phosphorus, copper and gold are now to be tapped. The energy source uranium is also on the Saudi list. Not without reason.

Nuclear power is making a comeback. 71 nuclear reactors are currently under construction in 12 countries, and hundreds more are currently in the planning or project phase. One company that has already prepared for the uranium boom is Uranium Energy - https://www.commodity-tv.net/c/search_adv/?v=298723. Uranium Energy is on the right track with advanced projects and some already approved projects (in Texas and Wyoming, Colorado, New Mexico and Paraguay) and a treatment plant in Texas.

Saudi Arabia will pay 22.7 billion US dollars for the gigantic mining city. The establishment of the city of Waad Al Shamaal and its mining complex will also create some 10,000 jobs. Construction work on the megaproject began in 2013, transforming a remote plateau on the border with Jordan into an industrial city.

The search for mineral resources is not only carried out in Saudi Arabia, but also in other parts of the world. Raw materials are necessary in daily life, also in view of the constantly growing world population. Gold as a hedge against loss of value, zero interest rate policy and trouble spots is virtually the raw material par excellence that societies are looking for.

Ample gold has already been found by Maple Gold Mines - https://www.commodity-tv.net/c/search_adv/?v=298484. Its Douay project in northern Quebec is expected to contain an estimated 3.2 million ounces of gold. No wonder, since the 377 square kilometre project is located in the Abitibi Greenstone Belt, known for its wealth of gold.

Current corporate information and news releases from Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp.html) and Maple Gold Mineshttps://www.resource-capital.ch/en/companies/maple-gold-mines-ltd.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer.html 

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required
PDAC 2019

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required