Somaliland: Investment in Gold Mining Anticipated


One of the raw gold stones from the new discovery in Somaliland yet to be filtered and melted to extract pure gold

Somalilandsun – Findings of gold nuggets from rock mountains in north of Marodi-jeeh region-Hargeisa finally confirm the existence of the precious mineral.

According to a report by Hornmarket  the confirming nuggets were recently found by geologist and mining company owner Abdirahman Hassan on the Rocky Mountains situated on the outskirts of the Somaliland capital of Hargeisa.

“Much of that area has been explored before. But in this case, where we found them, these were areas nobody had ever discovered until now,” Abdirahman told Hornmarket in Hargeisa where the geologist and his team we celebrating the find.

This discovery is expected to result with huge investments from local and foreign prospectus which shall help spur local economic growth more as pertains to creation of scarce jobs.

Somaliland is rich in minerals and many of these minerals are easily found close to the surface. Diamond and sapphire and other precious metals are also found in small quantities in SLD reports Mo Ali the editor of  and source of the gold nuggets find revelations adding that . Paint is also abundant in the coastal areas close to Berbera and can easily be seen on the sides of the highway that connects Berbera to Sheikh.
This is in addition to oil and gas discovered both offshore and in-land in the coastal areas as well as in Sool and Hawd areas.
The Somaliland government recently awarded oil and gas drilling contracts to foreign companies with prospects great for production in the near future.