Orion Resource Partners LP, a leading global investment firm specializing in mining and metals, and SNB Capital, Saudi Arabia’s leading capital market institution and a subsidiary of the Saudi National Bank, have partnered to support the development of the Kingdom’s mining and metals industry.
This partnership, the first of its kind in the mining sector in the Kingdom, aligns with Saudi Arabia’s Vision 2030 strategy, which provides a powerful catalyst for national support of the mining sector, energy transition initiatives, and the growing demand for commodities, in particular, critical minerals required to meet expanding industrial and infrastructure needs.
The partnership will aim to leverage Orion’s deep technical, financial, and operational expertise across the global metals and mining value chain, with SNB Capital’s strong local market presence and institutional capabilities.
Working together, Orion and SNB Capital will seek to identify and support mining and midstream projects within the Kingdom, with a particular focus on opportunities that have the potential to advance into near-term production.
The proposed investment strategy will be in projects that support the development of secure, diversified, and resilient critical minerals supply chains. The financial commitments of both parties are not disclosed.
Abdulrahman Almashal Chief of Staff SNB Capital
“This partnership represents the continuation of SNB Capital’s efforts to support the Kingdom’s Vision 2030. Saudi Arabia is poised to emerge as a major global participant in the critical minerals sector, with significant untapped resources, strong industrial ambition, and a strategically advantageous geographic position. As a trusted strategic partner and advisor, we believe developing world-class mining and mid-stream capabilities has the potential to create long-term value for the Kingdom’s markets. We are excited to partner with Orion to achieve these aims.”
Tim Keating, Managing Partner, who will lead the partnership for Orion, said that, “We are delighted to work alongside SNB Capital to deploy capital thoughtfully and responsibly into high-quality mining and mid-stream assets, contribute FDI to the Kingdom, and support its long-term economic diversification and industrial ambitions.”
