Home | News    Sunday 5 August 2007

South Sudan awards gold, uranium mining contracts

separation
increase
decrease
separation
separation

August 4, 2007 (JUBA) — South Sudan has awarded two companies exploration licenses for gold and uranium in areas thought to be rich in minerals, an official from the semi-autonomous region said.

British/South African New Kush Exploration and Mining Company and the UK-listed Brinkley Mining Plc paid $5,000 for one-year exploration licenses in the area bordering Kenya.

The companies have informal verbal agreements with the newly-formed southern Sudan government, which was created after a January 2005 peace deal ended more than two decades of north-south civil war.

This was because legislation governing formal written agreements has not been passed yet, said the mining ministry’s director general for minerals and geological surveys, David Loro Gubek.

"The mining act is not yet out," said Gubek, "Things have been stuck (and) private investors need legal protection."

North Sudanese legislation, which would usually be used in lieu of new southern laws, is also under review said Gubek.

Almost every southern Sudanese ministry has produced draft laws, causing jams in the law making process, he added.

The informal agreements with the two companies had been mandated by the cabinet, and Gubek said the government would likely award concessions to those who had done the exploration.

"(Some) feared that after exploration we might give the area to someone else," said Gubek. "But we assured them because you are the ones doing the exploration there is no way we could avoid you."

British and Belgium geological surveys conducted in south Sudan’s large pre-Cambrian area prior to the war produced promising results.

The pre-Cambrian area is a geological formation, thought to have large mineral deposits, Gubek said. It runs on from neighbouring Democratic Republic of Congo.

Two other companies have also been offered similar gold exploration deals for other counties but have not yet finished formalizing the agreements, said Gubek, who expects that each company will invest between $20-$30 million.

He declined to name them.

The new southern government lacks the cash and expertise to do its own preliminary exploration said Gubek.

The areas currently attracting interest became famous for being gold rich after years of ’local’ low-skill collection. Some of the precious metal was sold to fund the former southern rebels.

(Reuters)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 11 November 2009 11:40, by Gold

    I had a great time reading around your post as I read it extensively. Excellent writing! I am looking forward to hearing more from you. By the way, buying and collecting Gold Coins is a good investment. Find out more on this site for more information about gold investment, buying Gold Coins and a lot more other precious metals: http://www.goldcoinsgain.com

    repondre message

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.



Sudan Tribune

Promote your Page too

Latest Comments & Analysis


What federal system is suitable for South Sudan? 2019-11-12 11:06:55 By Dr Jacob K. Lupai* Introduction Federalism is seen as a constitutional arrangement for dividing power between different levels of government so that federated states, regions or provinces can (...)

Differences between Sudan government, SRF and FFC are the main issues of concern 2019-11-09 11:17:17 By Mahmoud A. Suleiman As the proverb goes, the difference of opinion does not spoil amity and does not spoil the friendliness issue. On the other hand, mere differences of point of view and (...)

Can women make the world more peaceful? 2019-11-06 11:31:03 By Paulino Akoon Yel Dut A genuine comprehensive analysis shows that involving women in peacebuilding increases the probability that violence will end in an easy manner. Hence we should thank (...)


MORE






Latest Press Releases


S. Korea supports UN communities building resilience project in Sudan’s Blue Nile 2019-09-09 09:26:41 UNDP Sudan September 5, 2019 (KHARTOUM) - An agreement was signed on 5th of September between the Korean Ambassador, His Excellency. Lee Ki-Seong and Dr. Selva Ramachandran, Resident (...)

Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)


MORE

Copyright © 2003-2019 SudanTribune - All rights reserved.