The Ministry of Industry and Minerals announced the start of the procedures for launching licensing rounds for mineral investment.
"Iraq is a competitive regional player in the mining industry, which is the main base for industrial growth and a necessity," he told a seminar on mining licenses in Iraq organized by the Extractive Industries Transparency Initiative in cooperation with the Ministry of Oil. The local market and export, where most of the raw materials in Iraq by simple nature and wide extensions and stability of metal and chemical structures and easy to extract.
"There are important sources of mineral ore and industrial rocks in Iraq. It is considered the world's first free sulfur reserves in terms of quantity. The phosphate reserves are in second place, as well as abundant sources of limestone for the cement industry, silica sand, wadi kaolin, bentonite, brick, salts, gravel, sand, As well as there are many evidence of metallic mineral ores in the Kurdistan region, the most important of which is lead, copper and copper, which require exploration and metal surveys to evaluate it. "
Al-Sudani added that "the Ministry of Industry and Minerals aims, through the mineral investment, to set up a large number of mining and construction industries in Iraq through cooperation with the private sector and towards investment in order to achieve better financial returns to the State of export as raw materials so that the Iraqi mineral wealth is an important extension of the national economy to Oil and gas. "
He pointed out that "the national industry has become an important choice to diversify sources of income has been keen to develop an industrial strategy as part of the reform process to put the Iraqi economy on a promising track for development in the medium and long term by looking beyond what is beyond the immediate needs for security and infrastructure construction To achieve a national industry competition regionally and globally adopt discrimination and creativity and achieve a diversified economy and create jobs by using resources effectively and efficiently and responsibly, "noting the" start for the first time procedures for launching rounds of licenses for mineral investment in Iraq. "
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