Libya awards four cement industry licenses

Libya awards four cement industry licenses
Published: 28 July 2008

According to the National Mining Corporation, Libya has awarded licenses to four foreign companies out of 24 applicants earlier this month to set up cement related operations to exploit natural resources including iron ore, lime and clay.

He said that these natural resource sites are offered for exploitation by investors via tenders on the same way as Libya does with oil and gas and the currently the priority is to develop the cement industry.

Mr. Khalifa Ahmed al Badr, head of the National Mining Corporation did not name the four foreign firms which won the licenses to operate in Libya but said the companies have to form partnerships with Libyan firms whether state owned or private ones.

He said that the National Mining Corporation fixed the minimum share of the Libyan side in the partnership operation at 50%.