Special Correspondent

FIMI will be given an opportunity to participate in joint ventures

NEW DELHI: Ivory Coast is keen on bilateral cooperation with India in the mining sector. This was stated by that country's Mines, Energy and Petroleum Minister Monnet Leon during a meeting with the Minister of State for Mines, T. Subbarami Reddy, here on Monday.

The visiting minister from the West African country said there were prospects for cooperation in the fields of exploration, extraction, survey and mining technology.

An official release says Ivory Coast has mineral resources like bauxite, limestone, iron ore, manganese, nickel, gold and diamonds which have not been significantly explored.

Mr. Leon showed keen interest in entrusting exploration and mining of these minerals to Indian entrepreneurs through joint ventures. It was decided that the Federation of Indian Mineral Industries (FIMI) would be given an opportunity to participate in such joint ventures. Similarly, the release says, the Mineral Exploration Corporation Limited will also explore the possibilities of undertaking such activities. A meeting in this regard is expected to be organised on Tuesday, the release adds.