Resumen de Iraq eyes industrial mineral prospects as it diversifies away from oil
Iraq hosts a wide range of mineral deposits dispersed throughout the country and can provide opportunities for foreign investment, according to Government of Iraq's former first deputy president of parliament, Dr Qusay Al Suhail.
Nevertheless, he said that the Iraq government was currently drafting a new mineral investment law. He said the main purpose of the law was to establish a "mineral council" similar to its "oil council", which will help with the planning of mineral resource investment, as well as "giving licences to companies who would like to come to Iraq".
Speakers giving presentations at the Manajim Conference did not mention how the recent Iraq war (2003-2011) has affected mining development in the country, or how Islamic State of Iraq and the Levant (ISIL), the extreme jihadi rebel group, was deterring investment.
