"I am delighted to announce that our estimation for the kingdom's untapped mineral potential has increased from $1.3 trillion to $2.5 trillion, an increase of 90 percent," Industry and Mineral Resources Minister Bandar Alkhorayef told a conference in Riyadh.
"This is based on new discoveries in the form of rare earth elements and a combination of the increase of volumes of phosphate, gold, zinc and copper, as well as the revaluation of these minerals."
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