- Mining in The Gambia
Miningin The Gambia, which is limited to the production of clay, laterite, sand and gravel, silicasand, and zircon, does not play a significant role in the Gambian economy.Omayra Bermúdez-Lugo. [http://minerals.usgs.gov/minerals/pubs/country/2005/gapusgmyb05.pdf "The Mineral Industries of The Gambia, Guinea-Bissau, and Senegal"] . "2005 Minerals Yearbook". U.S. Geological Survey(August 2007). "This article incorporates text from this U.S. government source, which is in the public domain.]
Department of State for Trade, Industry, and Employmentis the government entity responsible for the administration of the mining sector. A new mineral and mining law proposed in 2001 was still under consideration for approval by the Government as of 2005. The government has put in place policies to attract foreign direct investment, including free repatriationof capital and profits, special investment certificates, and constitutional guarantees and safeguards against nationalizationand expropriationof investments.
As of 2005,
Carnegie Corporation Ltd.(CCL) of Australia (50%) in joint venturewith Astron of China (50%) held an exclusive prospecting license for the Batukunku, the Kartung, and the Sanyang mineral sandsdeposits in Brufut. In 2005, the joint venture completed a second-round trial dredgeprogram at the deposit. Following the completion of this dredge program and of an environmental impact assessmentstudy, the company submitted an application to convert its prospecting license to a mining lease. As of the end of 2005, CCL continued to wait for Government approval. As of 2005, total measured, indicated, and inferred resources at the Batukunku, the Kartung, and the Sanyang deposits were estimated to be 18.8 million metric tons(Mt) that contained about 1 Mt of heavy minerals at a cutoff grade of 1%. The heavy-mineral assemblage for these deposits was estimated to be about 71% ilmenite, 15% zircon, 3% rutile, and 11% other.
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