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Mining: Senegal must build gold reserves to build a strong economy according to Lamine Diack DIOUF

17/04/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Lamine Diack DIOUF, president of the Universal Citizen Movement announced that gold has always been a stable safe haven (a safe bet). According to him, this will allow Senegal to build a strong economy.

“Oil is a key but unstable resource. Gold, on the other hand, has always been a stable safe haven (a safe bet). It will take time to master the oil and gas sector in Senegal,” said Lamine Diack DIOUF, president of the Universal Citizen Movement, a mining expert. According to the latter, Senegal was a mining country before being an oil country and it is by exploiting mineral resources that we can then develop the oil industry. He also indicated that it will take time to master the oil and gas sector, but the gold sector is already under control and the rapid development of Senegal will require a judicious valuation of its fabulous gold reserves.

The mining expert believes that now is the time for Senegal to build up gold reserves to build a strong economy, “this will not prevent the country from valuing its oil and gas, in order to control its energy transition, in order to control its energy transition, the policy led by the State to transform the energy system and reduce its impact on the environment,” he stressed.

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