of Somalia. It was founded in 2012 by the Somali diplomat Idd Mohamed, Ambassador extraordinary and deputy permanent representative to the United Nations. The SSE was established to attract investment from both Somali-owned firms and global companies in order to accelerate the ongoing post-conflict reconstruction process in Somalia. In August 2012, the SSE signed a Memorandum of understanding with the Nairobi Securities Exchange (NSE) to assist it in technical development. The agreement includes identifying appropriate expertise and support. Sharia compliant sukuk bonds and halal equities are also envisioned as part of the deal as Somalia's nascent stock market develops. As of November 2014, the Somalia Stock Exchange has established administrative offices in Mogadishu, Kismayo, and other urban centers in Somalia. The bourse is slated to officially open in 2015. Initially, seven Somali-owned firms from the financial services, telecommunications and transportation sectors are expected to list their shares therein for prospective global investment. Natural Resources Somalia has untapped reserves of numerous natural resources, including uranium, iron ore, tin, gypsum, bauxite, copper, salt and natural gas. Australian and Chinese oil companies have been granted licenses for finding petroleum and other natural resources in the country. An oil group listed in Sydney, Range Resources, anticipates that the Puntland province in the north has the potential to produce to of oil. As a result of these developments, the Somali Petroleum Company was created by the federal government. In the late 1960s, UN geologists also discovered major uranium deposits and other rare mineral reserves in Somalia. The find was the largest of its kind, with industry experts estimating the deposits at over 25% of the world's then known uranium reserves of 800,000 tons. In 1984, the IUREP Orientation Phase Mission to Somalia reported that the country had 5,000 tons of uranium reasonably assured resources (RAR), 11,000 tons of uranium estimated additional resources (EAR) in calcrete deposits, as well as possibly up to 150,000 tons of uranium speculative resources (SR) in sandstone and calcrete deposits. Somalia concurrently evolved into a major world supplier of uranium, with American, UAE, Italian and Brazilian mineral companies vying for extraction rights. Link Natural resources have a stake in the natural resources of the central region, Kilimanjaro Capital has a stake in the 1,161,400 acres Amsas-Coriole-Afgoi (ACA) Block, which includes uranium exploration. Besides uranium, an unspecified quantity of yttrium, a rare earth element and costly mineral, was also found in the