KSA Priority reforms, page-3

And sacks Al Naimi! That is really big news.

Anyone familiar with the story for Alara would understand that, on a very influential level, yet another roadblock has fallen. Probably the last, in fact. The deputy crown prince clearly sees mining as the future of the kingdom, and wants foreign investment to have a transparent pathway. There can't be a better time to issue a mining license to an advanced project with a western partner than RIGHT NOW

"Mr Falih, recently appointed chairman of Saudi mining company Maaden, takes charge of the renamed ministry of energy, industry and mineral wealth.
“The leadership is betting on diversification that previous Saudi leaders have failed to deliver,” said Bill Farren-Price, head of Petroleum Policy Intelligence. “With Riyadh no longer seeing oil as a growth business, they have decided now is the time change the focus — the change in ministry name is telling.”

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