The Niger cabinet on Thursday approved several agreements for mining operations in the West African country, according to a government official.
The first agreement was signed with Niger Coal Corporation (SONICHAR SA) for an exploration licence in the region of Agadez in the north, to ensure coal reserves necessary for the production of energy to meet the growing demand for electricity by mining companies.
The second agreement was signed with GECKO GOLD-Niger, a subsidiary of Géodrill-Ghana Ltd, for exploration permits for gold and precious metals in the areas of Kossa Kossa I and II, Tillabéry region in the west. GECKO GOLD-NIGER has committed investment in the sum of US$2,038,000 on each of the areas during the first three years.
The Niger government has also signed another agreement with Cassidy Gold Corp., a Canadian company specialising in exploration for gold in West Africa, for gold exploration permits in the region of Tillabéry, specifically in the areas of Boulkagou DogonaI and II, and it plans to invest at each site the sum of US$2,012,000 during the first three years.
Two other agreements were signed between Niger and Society AFRICA EXPLORATION AMI Ltd, a Canadian subsidiary of the Company’s AMI RESOURCES already present in Niger, for exploration permits for gold on the perimeters and Sorbonne Boksay Hausa (Tillabéry region).