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Mining Investment in The Gambia • Message from the President • "We want to transform the Gambia into a trading, export-oriented agricultural and manufacturing nation, thriving on free market policies and a vibrant private sector, sustained by a well-educated , trained , skilled healthy, self-reliant and enterprising population and in so doing bring to fruition this fundamental aim and aspiration of Vision 2020."
Mining Investment in The Gambia • Many Natural Resources Including Petroleum Prospects abound in The Gambia with Federal Capital in Banjul • The President Alh. Yayah Jammeh, Continues to be among the most pragmatic and dynamic west African leaders seeking foreign Investment into the nation. • The Government continues to monitor research findings on the possibility for more mineral deposits, especially those with higher marketing value whilst staying mindful of conservation and environmental preservation issues
Mining Investments in The Gambia Known Mineral Deposits in The Gambia includes; • Quartz sand • Heavy Mineral Beach Sand deposits • Hydro Carbon potential • Liquefied Petroleum Gas
Mining Investment in The Gambia • QUARTZ SAND 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
Mining Investments in The Gambia • HEAVY MINERAL BEACH SANDS 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
Mining Investments in The Gambia • HYDRO CARBON POTENTIAL 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
Mining Investments in The Gambia • LIQUEFIED PETROLEUM GAS (LPG) 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.
Mining Investments in The Gambia • The Gambia welcomes Potential Canadian nay North American Investor to Banjul. Gambia has a virile culture of welcoming foreigners and fostering a long lasting synergies. • Thank You…