Global Arab Network | Morocco: Indian Fluorochemicals investing in mining

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Morocco: Indian Fluorochemicals investing in mining

Global Arab Network - - Gamal Ragay

Thursday, 19 May 2011 19:05

Morocco Indian Fluorochemicals investing in mining

Global Arab Network - Indian Conglomerate, Gujarat Fluorochemicals, intends to invest 8 million dollars in a mining project in the northern region of Taourirt.

The Indian company plans to build an integrated unit for extracting and transforming fluorosis acid, a key ingredient for making steel as well as optical flint, especially extra low dispersion lenses used for cameras and telescopes, said the company’s Director General Dinesh Sardana.

This Morocco-Indian project provides for the production of 40,000 tons of this substance and the creation of around 150 direct jobs, Sardana added.

The projects, whose works will start next September, falls within the framework of a recently signed Memorandum of Understanding, he said, adding that the ongoing feasibility studies amount to 200,000 dollars.

Gujarat Fluorochemicals is among the largest 100 Indian companies and has investment projects in China and the US. (MAP)

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