Chad is a large "land-
Chad has a population of 13.5 million people and has secure borders with its neighbouring countries. It is a major regional power in the Economic Community of Central African States (ECCAS), where it has chaired the presidency in recent years..
On March 23rd 2009 the government established the Ministry of Mines and Energy Mining Code (Law No 011/PR) established in the middle of 1995 replacing the antiquated 1970 code. This current mining code provides tax incentives for new project development.
The Republic of Chad has set out a strategy for developing its mining sector as a priority for economic growth and sustainable development. Recent achievements this year include a deal with Glencore who has organized a plus-
The government also intends to review the Mining Code with an aim of enticing foreign investors and mining companies. These initiatives and others are attracting foreign mining companies like Tekton Minerals who recognize the potential of the mining and natural resource sector of Chad.
There are a number of active gold mining centres in the country that operate using small scale artisanal mining techniques. The best known of these is in the Tibesti region in the north of the country. Chad has had limited exploration or development of its mineral wealth, the most extensive studies to date were conducted by the United Nations Development Programme in the nineties. The Chad “Direction de Recherches Géologiques et Minières” (DRGM) have outlined several areas that they consider to be prospective for gold, bauxite, uranium, silver and alluvial diamonds.
Currently there are a number of national and international companies actively exploring for gold and uranium in Chad, however there are no large scale operational mines in the country to date.