Mining Investment in The Gambia. Message from the President
Known Mineral Deposits in The Gambia includes;
Large reserves of quartz (silica) sand, suitable for glass manufacture, have been identified in the Greater Banjul Area, notably in Abuko, Brufut, Darsilami (Western Division); Mbankam and Bakendik (North Bank Division); and Kaiaf, (Lower River Division). The Government continues to seek interested investors to exploit these deposits
The raised beach sand, which is characteristic of The Gambia's coastal beaches, contain ilmenite, rutile, and zircon. The deposits were briefly mined in the past and recently the Government is keen in attracting interested investors in exploiting the deposits.
The estimated reserves of recoverable minerals yield a conservative total of about 995,000 tonnes at a 1% cut-off grade. Further investigations will be conducted to update the reserve base of these minerals
The Gambia depends on imported petroleum products. The government recognizes the critical need for secure and stable supply of petroleum products and the need to stabilize prices to avoid induced inflation.
The government therefore welcomes potential investors and collaborators in improving storage. In regards to petroleum prospects (hydro carbon potential).
The Gambia has promising prospects and the government is relentlessly collecting, updating and storing the relevant seismic data and marketing the prospects to interested oil companies and businesses
All liquefied petroleum gas in The Gambia is imported overland from Senegal. LPG is mostly used for domestic purposes and on a limited scale for industrial purposes.
Transaction costs in importing and bottling gas have resulted in large price differentials between Senegal and The Gambia. This makes gas unaffordable to most Gambians, and hence constituting a severe limitation on the promotion of the use of LPG.