AuKing Mining Limited

AuKing has released our Annual Report for the year ended 31 December 2023. Read the full report here https://lnkd.in/gA-TXkgN

AuKing Mining (ASX:AKN) CEO Paul Williams joins Proactive’s Jonathan Jackson to elaborate on the company’s recent MoU with Barg Alsaman Mining Company (BSMC) for mineral project exploration and development in Saudi Arabia. This partnership signifies AuKing Mining’s strategic move to extend its portfolio, which is focused on uranium and copper. BSMC, a subsidiary of the Segia Gulf Group, plays a pivotal role in this collaboration, bringing substantial local expertise and resources to the table. During the initial phase, AuKing, alongside BSMC, will focus on tapping into the vast mineral potential within the Kingdom, leveraging BSMC's operational strengths and insights. The Saudi Government's push to revamp the mining sector and make it a cornerstone of the economy is a key driver behind this venture, signalling a conducive environment for mining activities and international collaborations. While expanding into Saudi Arabia, AuKing continues to prioritise its copper and uranium projects in Tanzania and Australia. The company is gearing up to secure funding to advance these primary projects, balancing its growth strategy between exploring new territories and nurturing its existing assets. Watch the interview here https://lnkd.in/gZuCytAR

Mining Technology: AuKing partners BSMC for Saudi mineral projects. https://lnkd.in/gbgnTG6j

AuKing Mining signs MoU to explore and develop mineral projects in Saudi Arabia. https://lnkd.in/gyFmViPi

AuKing Mining today announced that it had entered into a Memorandum of Understanding with Barg Alsaman Mining Company (BSMC), subsidiary of the Segia Gulf Group (Segia) (a substantial Saudi Arabian corporate group) for the purpose of jointly exploring and developing mineral projects in the Kingdom of Saudi Arabia. https://lnkd.in/gYWpvYZe

Copper, and not lithium, could be the metal that defines, controls and benefits most from the energy transition. S&P Global thinks that between 2020 and 2050 the drive to Net Zero will double copper demand to 50Mtpa. Some of that will be filled by recycling, but it won’t come close to closing the gap. It’s a situation that has analysts at places like Goldman Sachs and Shaw and Partners projecting prices lifting from ~US$9000/t today to US$10,000/t and US$11,000/t — the latter an all time high — by 2025. https://lnkd.in/gCM25Zdv

Stockhead Monsters of Rock: Uranium could be just taking a breather as Sprott eyes higher prices. https://lnkd.in/gbHduKcc

Copper prices reached an eight-month peak on Wednesday following an agreement among Chinese smelters, who account for half of global copper processing, to collectively reduce production. https://lnkd.in/guzAi2Ds

India to build an additional 18 nuclear power plants by 2032 https://lnkd.in/gDPScWzT

IEA endorses nuclear power as key to achieving global clean energy goals https://lnkd.in/gvzNbTDb