Yemen Begins Mining Gold Reserves

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Yemen Geological Survey and Mineral Resources Authority (YGSMRB) (Sana'a, Yemen) is part of Yemen's Ministry of Oil and Minerals. YGSMRB manages the prospecting, exploration and promotion of mineral ores, prepares geological maps, and conducts studies and research to assess the mineral wealth in Yemen. YGSMRB is authorized to issue licenses for local and foreign investors who are interested in investing in mineral projects in the country.

Exploratory studies, which include geological and geochemical surveys, show that Yemen has more than 40 sites where gold and silver reserves could be economically mined. Yemen is looking to exploit and prospect its mineral reserves with the cooperation of international companies such as Thani-Dubai Mining (Dubai, United Arab Emirates), Cantex Mine Development Corporation (Kelowna, British Columbia) and Volrok Mining Limited (London, England).

Thani Dubai mining is part of the Thani Investment Group (Dubai). The company was granted a license for exploration of gold and associated minerals at the Wadi Maddan area in the Hadramawt governorate and the Wadi Sharis area in the Hajjah governorate.

Cantex's primary project is in the northwestern part of Yemen, where Cantex owns exclusive exploration licenses of 992.8 square kilometers.

Volrock Mining Limited has the exclusive right to carry out exploration for gold and associated minerals in northeastern areas of Yemen, which have gold ore concentration of 73 grams of gold per ton.

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