SA delegation shows keen interest in coal mining

ISLAMABAD - A leading South African (SA) coal mining company Tuesday showed keen interest in the coal mining areas of Thar in Pakistan, expressing desire to exchange know-how and expertise in the development of said discipline to the benefit of both the countries. The South African delegation, led by Paul Main, called on Finance Minister Syed Naveed Qamar here. The delegation comprised a group of entrepreneurs engaged in mining of diamond and coal in South Africa, an official release said. The delegates discussed with the Finance Minister their existing development specific attainments in South Africa in the discipline of geological and mineral related discoveries. The delegation evinced keen interest in the coal mining areas of Thar in Pakistan, voicing desire to exchange know-how and expertise in the development of said discipline to the benefit of both the countries.    The South African Group has over twenty mining related projects all over the world, having simultaneous expertise in oil exploration. The Group that operates from London had discussed with the Finance Minister its institutional concepts and planning to offer investment in Pakistan's mining resources located in Punjab and Sindh. Paul Main is the Chief Executive of Arcadia Energy and Mining Limited headquartered in London. The Minister appreciated investment-based entrepreneurial interest of the South African delegates and promised to take up the matter with concerned government stakeholders to institutionalise their investment potential in times to come. The South African Group, earlier, held a professional meeting with the concerned officials at Ministry of Petroleum and Natural Resources and expressed satisfaction over the encouragement vis-a-vis its entrepreneurial potential in Pakistan. The Finance Minister lauded the technical know-how and expertise of the visiting South African Arcadia Energy and Mining Limited Group's mining-based investment potential in Pakistan.

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