Sudan, Egypt, Libya reach mining cooperation deal   2013-03-15 08:25:43            

KHARTOUM, March 14 (Xinhua) -- Sudan, Egypt and Libya on Thursday agreed on enhancing the cooperation in the mineral resources sector to serve the economic interests of the three countries.

A meeting among the three countries in the mining sector started in Khartoum on Thursday with the participation of the Sudanese Minerals Minister Kamal Abdullatif, the Egyptian Minister of Petroleum and Mineral Resources Osama Kamal and the Libyan Minister of Industry Suleiman Ali Al-Fitory.

The meeting discussed establishment of a joint mining fund to finance the projects in the Arab countries through the Arab League and to study the better exploitation of the mineral resources.

The three countries enjoy deeply-rooted ties and share natural geological similarities together with common interests, not to mention their sincere political willingness to enhance the cooperation for the interests and welfare of the peoples of the region, Kamal Abdullatif, Sudanese minerals minister, told reporters here following the meeting.

He noted that there were rich geological experiences between Sudan and Egypt.

Osama Kamal, the Egyptian minister, for his part, disclosed that Egypt has set up three axis to upgrade the mining sector through clear polices and attract investment in the sector.

Suleiman Ali Al-Fitory, Libya's industry minister, meanwhile reiterated his country's keenness to achieve the cooperation between Sudan, Egypt and Libya in the field of mineral wealth, stressing the importance of uniting the visions, setting a timeframe and following up what has been agreed upon by the three countries.

He further called for conducting detailed studies for the mineral resources and how to better exploit them, affirming the importance of exchanging information, setting up a mineral and investment map, forming joint teams to analyze the data, revising the laws concerned with the mineral resources and intensifying the joint meetings at the executive level.

Editor: Hou Qiang
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