Saudi Arabian Mining CEO Says 'Hopeful' on Gold

The video discusses the economic challenges faced in 2020, particularly due to the coronavirus, and its impact on commodities like aluminium, phosphate, and gold. It explores the concept of demand shock and how businesses can prepare for such events by maintaining low-cost production. Strategies for cost management and returning to profitability are highlighted, with a focus on optimizing capacity in phosphate projects. The discussion also covers dividend policies and investment strategies in high-return projects, including a large gold mine. Finally, the video analyzes the gold market outlook amidst economic uncertainties.

What was a bright spot in the commodity market during the economic uncertainty of 2019?

• Gold

• Phosphate

• Aluminium

• Oil

Which commodity is considered most vulnerable to demand shock according to the discussion?

• Aluminium

• Oil

• Gold

• Phosphate

What is one of the key strategies mentioned for returning to profitability?

• Increasing prices

• Expanding into new markets

• Reducing production

• Cutting costs

What percentage of capacity was the phosphate project running at last year?

• 50-60%

• 60-70%

• 90-100%

• 75-80%

What is the company's stance on paying dividends in the near term?

• They will maintain the current dividend

• They recommend no dividend payment

• They plan to increase dividends

• They will decrease dividends

What is the company's largest ever investment mentioned in the discussion?

• An oil refinery

• A gold mine

• A phosphate project

• A new aluminium plant

What is the underlying trend for gold prices according to the discussion?

• Below 1200

• Above 1400

• Around 1300

• Above 2000