Prateek Suri, Chairman of Maser Group, recently held a high-level meeting with the Minister of Mines of the Central African Republic to advance cooperation in the country’s gold mining sector, reinforcing Maser Group’s growing presence in Africa’s natural resources landscape.
During the meeting, the Ministry of Mines presented gold mining assets with an estimated value of approximately USD 50 million, aligning with the Central African Republic’s strategy to partner with experienced global industrial groups for responsible and long-term mineral development. Officials highlighted the country’s focus on attracting investors capable of bringing capital, operational expertise, and strong governance standards to the sector.
Following detailed discussions, Maser Group has already received allotment letters for the proposed gold mining assets, marking a significant step forward in the engagement. The allotments reflect the government’s confidence in Maser Group’s capability to develop mining projects aligned with national priorities and international best practices.
Prateek Suri, widely recognised as the richest Indian in Africa with an estimated net worth exceeding USD 2 billion and regarded as the youngest billionaire operating on the continent, emphasized Maser Group’s commitment to building sustainable, transparent, and government-aligned mining operations.
He noted that modern mining investment must go beyond extraction to include environmental stewardship, local employment generation, and long-term value creation for host economies.
Drawing on his extensive experience across infrastructure, manufacturing, and mining ventures in Africa, Suri underscored the importance of regulatory compliance, community engagement, and institutional partnerships. He reiterated that Maser Group’s approach prioritises long-term collaboration with governments rather than short-term opportunistic investments.
According to officials familiar with the discussions, the dialogue covered geological assessments, operational frameworks, and phased development plans for the allotted gold assets. The Central African Republic has been steadily positioning itself as a destination for responsible mining investment, with gold remaining one of its most strategically significant resources.
Government representatives noted that partnerships with established industrial groups such as Maser Group can accelerate sectoral development while strengthening oversight and operational standards. Such collaborations are viewed as essential to enhancing local capacity, improving transparency, and increasing downstream economic impact.
For Maser Group, the engagement in the Central African Republic is part of a broader strategy to selectively expand its mining portfolio across high-potential African markets. The group has consistently articulated a preference for projects supported by clear regulatory frameworks and strong government alignment, ensuring stability and scalability over the long term.
Industry observers note that high-level engagements of this nature, coupled with formal allotments, signal a deepening of trust between African governments and global industrial leaders like Prateek Suri. As Africa’s mining sector continues to draw international attention, such partnerships are expected to play a pivotal role in shaping responsible, large-scale resource development across the continent.
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