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Mining Investment in The Gambia

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'We want to transform the Gambia into a trading, export-oriented agricultural and ... The Gambia has promising prospects and the government is relentlessly ... – PowerPoint PPT presentation

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Title: Mining Investment in The Gambia


1
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."

2
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

3
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

4
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

5
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

6
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

7
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.

8
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
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