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Gabon invites India to enter its mining sector

Written by: Staff
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New Delhi, May 4 (UNI) The equatorial African Republic of Gabon has invited the Indian Mining sector to invest in the exploration and exploitation of their country's mining sector.

The invitation was given during a meeting of Gabon's President El Hadj Omar Bongo Ondimba with the Union Minister Mines Sis Ram Ola here today.

The Gabon President said his is country is rich in mineral resources like manganese, petrol, diamond, gold, lime stone and columbium and has got the second largest resources of manganese ore.

It exports petroleum and manganese to different countries, he added.

At the meet Mr Ola said, India has vast mineral reserves and state-of-the-art technology in mining and exploration. The Geological Survey of India (GSI), is an organisation of more than 150 years and has tremendous expertise in survey and exploration, he said.

The Indian Bureau of Mines (IBM) and the Mineral Exploration Corporation of India (MECL) have also built up a lot of expertise in different aspects of exploration and mining. India has a vibrant private sector with vast technical know-how, expertise and resources to tap the mineral potential, he stressed.

Mr Ola said, in view of rich mineral potential of Gabon and its interest in attracting investment, India would like to cooperate with them in mining sector.

Modalities of cooperation with Gabon will be formulated after getting all information on its mining sector, he added.

UNI/BKS PV KP1557

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