Promising investment opportunities in minerals in Yemen [Archives:2006/929/Business & Economy]

A recently published economic report revealed Yemen's possession of a huge stock of mineral riches, representing promising investment opportunities. The report mentioned that such minerals are encouraging alternatives to provide new national income sources.

There are encouraging prospects for mineral wealth investment, as surveys confirm the existence of large quantities of gold in Hadramout Valley towns and an estimated 687,000-ton geological reserve containing about 15 tons of gold. Gold also is present among rocks in Sana'a, Abyan, Al-Jawf and Al-Beidha areas.

According to the report by the Geological Survey Department, surveys confirm the existence of about four million tons of copper and nickel north of Mukalla and in the Hamoura area of Taiz governorate.

Old silver mines were discovered in Radhradh area in Nahm, as well as discovery of significant zinc and lead mineral ores in a reserve estimated at about 3,073 million tons. The reserve contains an average of 15.3 percent zinc and 1.6 percent lead, as well as 155 kilos of sedimentary rock in the southern end, particularly in Shabwa and Masilah.

The report also pointed to existence of iron in Mekiras and Sa'ada, in addition to other large quantities of metals, industrial rocks and nonmetallic ores of commercial indicators. These discoveries represent promising investment opportunities as income alternatives instead of reducing the country's oil quantity.
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