Libyan Mining ''may become More Important than Oil''

March 11, 2020

The Economy Minister of Libya's Tripoli-based Government of National Accord (GNA), has said that mining may eventually become a more significant economic activity than oil production.

S&P Global Platts quotes Ali Al-Issawi as telling the Arab-British Chamber of Commerce (ABCC) in London:

'Libya has gold, magnesium and iron ore ....... (mining) could eventually become more important than oil ... Because of our focus on oil we have lost many other opportunities - we are trying to attract investment to areas other than oil.'

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