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Geologists and industry are looking to stimulate investment in the mining sector
Iraq 10/31/2023
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i Muwafaq
The Geologists Syndicate, in cooperation with the Geological Survey of the Ministry of Industry, organized an extensive discussion session on the importance of investment in the mining sector and the violations that affect the Mineral Investment Regulation Law No.
(91) of 1988.
On the sidelines of the episode, Deputy Head of the Geologists Syndicate, Madiha Muhammad Shaker, told Al-Sabah: The geologist is responsible for mineral wealth and how to explore, preserve and invest it in a way that achieves the public interest.
She added that mineral wealth must be subject to Investment Law No. (91) of 1988, but this law faces many problems that prevent its proper implementation, so this discussion panel came to shed light on the amendments that must be approved by the law, and to solve the problems that obstruct it.
She indicated that there are recommendations that will be submitted
To the highest government agencies to take practical measures to amend the law and reach results that serve the national interest.
For his part, a member of the Council of the Geologists Syndicate, Dr. Safaa Abdel Hadi, explained to “Al-Sabah”: The real purpose of holding this discussion circle is to reach understandings between the Geological Survey and the governorate’s properties regarding the violations occurring in the quarries (clay quarries suitable for making bricks and gravel and sand quarries). And space used in the construction materials industry), due to the presence of intersections between the properties of the governorates and the application
Mineral Investment Law.
He stressed that the Geological Survey is the only, or even the main, body controlling the investment of mineral resources in all governorates, but what is happening is that there are parties working to invest these quarries in a random and unscientific manner without coordination between the Geological Survey and the Geological Survey.
And provincial properties.
Abdul Hadi stated that the decisions of the recommendations of this discussion group will be submitted to the General Secretariat of the Council of Ministers for the purpose of studying them and taking the necessary measures to solve the problems and intersections between the application of the mineral investment law in governorate properties and the Authority.
Geological survey.
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