Yemen Mineral Conference Follow-upFrom the latest Yemen Times.
8th Arab Conference on Mineral Wealth concluded
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Mohammed bin Sallam
Sana’a, Oct. 18_ The 8th Arab Conference on Mineral Wealth wrapped up its meetings on October 16. At the closing meeting the Sana’a statement was issued by the conferees, emphasizing the necessity of reviewing the Arab Mining Legislation by the Arab League.
“In order to attract local and foreign mineral investment, authentic legal reforms should be adopted,” the statement said.
The participants recommended the necessity of to find a database, which could contribute greatly to the development of the mineral sector for the benefit of all Arab countries.
An emphasis to set up an information committee under the umbrella of Arab Mining Organization was also made. This has been done in order to adopt policies which could help the organization to update its data in investment and mineral fields.
The participants have urged Arab countries to build the basic infrastructure with the aim of attracting investment in the mineral sector along with providing detailed maps for rich opulent zones, determining the rich mineral wealth in areas where minerals are abundantly found.
Participants also recommended financial allocations for financing mineral and scientific research and promoting its mechanisms.
Participants have also proposed the establishment of an Arab fund for granting easy loans and financial assistance to Arab investors in the field of mining for reducing risks, which accompany investment in this field.
Recommendations have called on Arab organization for Development, Industry and Mining for holding the 8th Arab Conference for Mineral Wealth every two years and not four years.
This will pave the way for knowing all there is to know about the rapid developments in mineral sector, the recommendations suggested.
During the closing session, 9 Arab establishments in the field of mineral were honored and given the coat-of-arms belonging to the Arab Organization for Development, Industry and Mining.
Delegations that took part in the conference were also honored by the Geological Authority Survey and Mineral Wealth.
A number of working papers were discussed during the 8th Arab Conference for Mineral Wealth within the framework of the Arab countries in the field of mineral excavations, evaluations, ideal utilization, and mineral crude processing using the state-of-the-art techniques in order to put an end to the negative consequences of the mining industries on environment.
Working papers also discussed different geological sectors such as, the mineral wealth in Syria, gold excavation in Saudi Arabia, extraction of secondary gold from the north of Sudan and the Yemeni-German project for geological and mining survey and mapping.
Working papers on cement industry and its negative consequences of extracting sea sands in the kingdom of Bahrain were also discussed during the conference.