Latest news with #Fras
Arab News
7 days ago
- Business
- Arab News
Cost excellence key to unlock potential of Saudi Arabia's mining sector: Alvarez and Marsal
RIYADH: Mining firms operating in Saudi Arabia should implement disciplined financial planning, transparency, and cost ownership in their operating model to reap long-term benefits, according to an analysis. In its latest report, professional services firm Alvarez and Marsal said the Kingdom's mining and minerals industry is poised for sustainable long-term growth with committed investments worth SR246 billion ($65.55 billion) supporting the sector. The study was released just days after the Kingdom's ranking on the Mining Investment Attractiveness Index jumped from 104th in 2013 to 23rd in 2024, cementing the nation's status as the world's fastest-rising power in the exploration industry, according to Canadian public policy think tank Fraser Institute. As a part of its economic diversification efforts, Saudi Arabia is accelerating the development of its mining sector, with the Kingdom's mineral wealth now estimated at SR9.4 trillion ($2.5 trillion). Commenting on the latest report, Alexander Shvets, managing director, infrastructure and capital projects – metals and mining at Alvarez and Marsal Middle East, said: 'Saudi Arabia's mining sector is now central to the Kingdom's economic transformation.' He added: 'Building on this momentum with embedded cost visibility and performance tracking will help operators to achieve global competitiveness and long-term value creation.' According to Alvarez and Marsal, adopting structured financial frameworks can help mining companies seize emerging opportunities and ensure operational excellence as the sector matures. 'Control is not just a finance function — it's an operational discipline. In mining, where complexity and capital intensity are high, real-time cost visibility and team capability are what turn strategy into measurable results,' said Renat Akimbitov, managing director, infrastructure and capital projects – metals and mining at Alvarez and Marsal Middle East. The report said Saudi Arabia has already laid strong foundations in the sector, with the establishment of institutions such as the Saudi Geological Survey, creating a dynamic and investor-friendly environment. In March, the Kingdom also launched a new incentive package to attract foreign direct investments into the nation's mining sector. At that time, the Saudi Press Agency reported that the Kingdom's Ministry of Investment is collaborating closely with the Ministry of Industry and Mineral Resources through an exploration enablement program aimed at simplifying investments in the mineral exploration industry. Alvarez and Marsal outlined a strategy for mining and industrial companies to strengthen financial resilience by implementing activity-based budgeting, which links finance directly to operational drivers for greater accuracy and agility. The report also underscored the vitality of empowering business leaders with digital dashboards to manage costs dynamically, as well as conducting structured cost review meetings to ensure accountability through regular performance tracking. Alvarez and Marsal further highlighted the importance of cost-capability building and said that equipping teams with practical tools and training is essential to foster a cost-conscious culture within the organization.
Forbes
17-05-2025
- Entertainment
- Forbes
The Best Place To Farm Mass Lumina Points In ‘Clair Obscur: Expedition 33'
Expedition 33 If you've played Clair Obscur: Expedition 33, easy GOTY contender, you've probably been here at some point. You get a new Pictos, you want to use it, you are short 15-20 Lumina Points per character. Bummer. Well, there is a solution to that, or rather a pair of solutions in the same location, where you can farm Lumina Points in Expedition 33 essentially consequence free to your heart's content. This is a late-game farm so you can use it to refine your best builds for tough bosses you may have left, you can use it to prepare for the harder New Game+ before you start it, or you can just do it for fun as a relaxing, mindless farm. The location is Renoir's Drafts, where you will fight tougher monsters leading to the hardest boss in the game, eventually. Don't worry, you're not farming him (you can't). Either you can use the first flag to teleport to the second one, or you can hang left and go through a few monster packs until you get to the correct spot. You won't have to fight those again. The flag is on the right with the exit portal on the left From the flag, you're looking for two monster packs that have three 'Creation' monsters between them. You can use a full team of three so you can come up with the best strategy to nuke them one at a time, or take out the whole batch. The fights will get easier as you farm more. I eventually got a full clear Monoco build that takes both out in one hit, and there are certainly other builds that could do that. FEATURED | Frase ByForbes™ Unscramble The Anagram To Reveal The Phrase Pinpoint By Linkedin Guess The Category Queens By Linkedin Crown Each Region Crossclimb By Linkedin Unlock A Trivia Ladder Expedition 33 You kill the first duo with one Creation then head over to the other two Creations. Then you head back to the very close flag, rest to respawn, and do it again. This will get you 4x Lumina mats to spend at the flag guaranteed. I usually wait until I get 20 or 30 before dumping them and unlocking specific things I have made 'goals" per character. Expedition 33 There is an alternative to this. If you kill the single Creation pack you just go up a ramp and launch onto the roof. There is a vendor there you can fight in a 1v3 with a character of your choice, and he will drop 1-2 every fight. But mostly 1. The benefit of this fight is that you don't have to go to a flag, you can just sit there and do it again and again. Personally I found this less efficient, but it's an easier fight if you have all the solo boost Pictos on and a halfway decent build and a couple dodging skills. You can end it in a turn or three usually. Expedition 33 That's my advice! I'm still doing this and will start NG+ soon as I'm sort of running out of core Pictos passives I need. Have fun! Follow me on Twitter, YouTube, Bluesky and Instagram. Pick up my sci-fi novels the Herokiller series and The Earthborn Trilogy.
