Title: Djibouti: Mining, Minerals and Fuel Resources
Headings: Djibouti: Mining, Minerals and Fuel Resources
Djibouti: Mining, Minerals and Fuel Resources
Topics Covered
Welcome to Djibouti
Overview of Resources
Industrial Minerals
Metals
Investment
Sources
G.P. Thomas
Citations
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Content: According to experts, Djibouti is a small country with big dreams that have bright prospects in the coming years. In 2008, the country was filled with foreign investments that included gold miners from India, French bankers and Saudi Arabia oil engineers. Djibouti’s port has also attracted huge investments from Dubai. Recent mining reports talk about the mining activities carried out by an international coalition of sailors and divers for a period of 12 days. These mining activities demonstrate the usage of magnetized cables, underwater drones, sonar and helicopter-towed acoustic devices to foresee Iran’s interference in oil exports. These mine-clearing drills stretch from Persian Gulf to the Gulf of Oman to the Gulf of Aden and Djibouti. Through these mining activities, Djibouti will thus be able to monitor the exports and imports of its oil trade and the country also hopes to become a significant African trade center as it is already drawing in an increasing amount of overseas investments. These investments and proper execution of various mining and mineral projects are likely to uplift Djibouti’s economic status and highlight its richness in mineral resources. Disclaimer: The Author of this article does not imply any investment recommendation and some content is speculative in nature.