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Portugal Signs Eight Mining Contracts Worth 3.8 Million Euros

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Dec. 7 (Bloomberg) -- The Portuguese government signed eight mining contracts worth 3.8 million euros with companies interested in searching for gold, silver, wolfram and other resources in the southern European country.

“This is a sector that is in clear expansion,” Economy Minister Alvaro Santos Pereira told reporters today in Lisbon.

Portugal’s government has signed about 95 mining contracts since it came into power last year, he said.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net