Somaliland becomes the 4th African Country to have Mining Code

[Siciid1986]

Somaliland becomes the 4th African Country to have Mining Code

 

Hargeisa (ANN) Somaliland became the 4th African state to have an especial mining code for the exploration of minerals in the country. This mining code will help Somaliland to attract international companies and for mining to invest and implement mining projects in the country. The Mining

companies will also compete with investment of the mining and digging of minerals in Somaliland.

OREZONE Company – has succeeded investing the implementation of this especial mining code in Somaliland which was prepared by International Lawyers. And this code will be the main key for a new investment plan that OREZONE Company is going to start mining operation in the country.

In an official letter written by Vice President of OREZONE Mr. Gregory Bowes to Somaliland President Ahmed Mohamed Silanyo, he said, “This mining code will be helpful to Nubian Gold and my efforts, I am sincerely interested in helping the country of Somaliland attract other companies to come by creating a mining code that is fair to both industry and to the government of the people of Somaliland. I would also like to take this opportunity to recognize the efforts of your ambassador Mr. Mohamed Ismael in promoting Somaliland and encouraging me to come Somaliland.”

Gregory Bowes is the owner of Nubian Gold Corporation and dynamically partaken the company to come and invest in Somaliland. In an exclusive interview with Somaliland Ambassador to Canada Mr. Mohamed Ismail who was the leading person who helped this company to come and invest mining in the country gave The Republican further details about this company and said, “I would like to take this opportunity to thank Somaliland President Ahmed Silanyo and his Vice Abdurrahman Sayli and other government officials for their support to make everything possible that this company to start his mining work and to implement mining code in Somaliland for the first time in history and without them nothing could be achieved.” In response to company’s legality for mining and its planned activities, the ambassador answered, “After the President welcomed this investment, Somaliland Ministry of Water and Minerals had reached an official agreement with Nubain Gold Corporation – an agent for the OREZONE Company. Subsequently this agreement was confirmed by cabinet. And I have been working for 3 years to influence this company to come Somaliland.”

Mr. Ismail added that his dreams came true after he succeeded to bring this mining company to Somaliland.

“The company has already started his phase 1 activities including; a) implementing the mining code in the country. B) Giving capacity building trainings for graduate students – Geologists’ - as well as providing their remunerations. The second phases of Company’s activities are also including explorations which will be conducted in the western regions of the country and will be continuing for almost 4 months. The estimation budget of this exploration work will be $ 1.25 Million. The company has also planned to implement the digging and mining work in February 2012.

This is the first time that Somaliland Republic have a special International mining code

Source republic