Authors :
Mohamed Jama Hussein; Ahmed Ibrahim Osman; Muna Abdilahi Mohamed; Faysal Yusuf Abdilahi; Abdimajid Saed Ahmed; Yahye Ibrahim Mohamoud
Volume/Issue :
Volume 9 - 2024, Issue 3 - March
Google Scholar :
https://tinyurl.com/yrmu3f2k
Scribd :
https://tinyurl.com/3e5pvtvr
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAR1338
Abstract :
The primary objective of this research was to
emphasize barriers of mining and minerals in
Somaliland. A questionnaire was conducted in three
mining sites in Marodijex, Awdal and Sanaag regions in
Somaliland. The mineral potential of Somaliland has not
been thoroughly explored or investigated.
Since colonial and post- independence times, the
country has remained one of the last frontiers, offering
chances and surprises to those that go into it. Now, there
is an almost insatiable appetite for commodities,
particularly mineral resources.
As demand and prices grow and producing
resources diminish, the global commodity business is
looking for new frontiers to meet demand. Somaliland is a
newly explored frontier area that is ready to divulge its
secrets of oil, gas, uranium, platinum, rare earth metals,
gold, copper, iron, manganese, tin, and gemstones.
Mining and Minerals has a key role in Pillar One
(economic development), which envisions a nation whose
citizens enjoy sustained economic growth and reduced
poverty levels.
Somaliland is believed to contain a huge
hydrocarbon resource and vast coal resources, estimated
at 6 billion tons occur near Berbera (Ali, 2009). From
2020 to 2022.
Somaliland mining and mineral resource sector has
been hampered by several challenges including the weak
regulatory framework: Somaliland mining and mineral
sector face weak enforcement of legal frameworks and
policies in the mining and mineral sector.
Improve the regulatory environment. The Ministry
of Energy and Minerals should review and update its
mining laws and regulations to make them more
attractive to foreign investors. This could include
streamlining the permitting process, reducing taxes and
royalties, and providing other incentives to exploration
companies.
Keywords :
Mineral Potential, Barriers, Mining, Somaliland, Component; Formatting; Style; Styling; Insert.
The primary objective of this research was to
emphasize barriers of mining and minerals in
Somaliland. A questionnaire was conducted in three
mining sites in Marodijex, Awdal and Sanaag regions in
Somaliland. The mineral potential of Somaliland has not
been thoroughly explored or investigated.
Since colonial and post- independence times, the
country has remained one of the last frontiers, offering
chances and surprises to those that go into it. Now, there
is an almost insatiable appetite for commodities,
particularly mineral resources.
As demand and prices grow and producing
resources diminish, the global commodity business is
looking for new frontiers to meet demand. Somaliland is a
newly explored frontier area that is ready to divulge its
secrets of oil, gas, uranium, platinum, rare earth metals,
gold, copper, iron, manganese, tin, and gemstones.
Mining and Minerals has a key role in Pillar One
(economic development), which envisions a nation whose
citizens enjoy sustained economic growth and reduced
poverty levels.
Somaliland is believed to contain a huge
hydrocarbon resource and vast coal resources, estimated
at 6 billion tons occur near Berbera (Ali, 2009). From
2020 to 2022.
Somaliland mining and mineral resource sector has
been hampered by several challenges including the weak
regulatory framework: Somaliland mining and mineral
sector face weak enforcement of legal frameworks and
policies in the mining and mineral sector.
Improve the regulatory environment. The Ministry
of Energy and Minerals should review and update its
mining laws and regulations to make them more
attractive to foreign investors. This could include
streamlining the permitting process, reducing taxes and
royalties, and providing other incentives to exploration
companies.
Keywords :
Mineral Potential, Barriers, Mining, Somaliland, Component; Formatting; Style; Styling; Insert.
