Bahrain to host annual Mena Mining Congress
Manama, October 8, 2009
Regional and international mining leaders will head for Bahrain later this month for the annual Mena Mining Congress.
The industry gathering, where the Middle East and North Africa's mining leaders come together and share ideas and discuss strategies for successful mining in the Mena region, runs from October 26 to 29 at the Sheraton Hotel.
A stand-out panel discussion at the congress features Rio Tinto, International Finance Corporation, the Omani Ministry of Commerce and Industry and Citadel Resources.
The panel will discuss the core elements of successful mining regulatory climates and their recent experiences in the region, including Saudi Arabia, Oman, Egypt and Yemen.
The discussion will also explore the lessons on offer for emerging mining countries in the region and how a modern, transparent approach to tax, investment certainty and ownership laws can drastically improve levels of foreign investment.
'The focus in this region has generally been on oil and gas,' said DLA Piper, a legal consultant and thought-leader on regional mining regimes, managing partner in Abu Dhabi, Stephen Webb.'
'Only recently has mining become more strategically important for many countries - even those very wealthy countries - in order to diversify their economies.
'Everyone knows that there are substantial resource deposits throughout the region - now the focus is on exploration and development and the regulatory systems are, with some exceptions, playing catch-up.
'Certainty, transparency and 100pc ownership control are key concepts which many foreign miners are pushing for and there is a definite movement in that direction.'
Major mining companies, mid-tiers, juniors, government and investors will all be on hand at the Mena Mining Congress to hear more than 30 chief executive officer-level speakers present case studies on the region's hottest mining regions and the key barriers to, and success factors for, successful investment in the region's mining sector.
Either side of the main conference will be two full-day workshops, one on Silica investment and development and another on best-practice exploration techniques.-TradeArabia News Service