Home | News    Tuesday 8 July 2014

Sudan predicted to be Africa’s largest gold producer by 2018

separation
increase
decrease
separation
separation

July 7, 2014 (KHARTOUM) – Sudan’s minister of mining, Ahmed Mohamed Sadiq al-Karuri, has predicted the country will become Africa’s largest gold producer by 2018.

He said in press statements on Monday that Sudan currently ranks third after Ghana and South Africa in gold production in Africa.

Karuri, who met with the US charge d’Affaires in Khartoum, Jerry Lanier, said the number of companies operating in the mining sector has risen to 120, noting that the figure includes both national companies and multinationals.

However, the minister said that most of the companies were still in the exploration stage, with only 10 at full production stage, adding that gold reserves stood at about 944 tonnes.

He pointed to the existence of large quantities of crude iron, chromium, and copper but said they lack the added value needed for export as crude materials, expressing a desire to cooperate with the US in the mining field.

The US official stressed that the level of ties between the two countries is below ambitions, underscoring a keenness to develop relations in the field of mining.

He promised to continue communicating with the mining ministry to look into possibilities for cooperation, particularly as Sudan is replete with huge resources that should be invested for the benefit of the Sudanese people.

Meanwhile, the ministry of mining has signed an agreement with the joint Sudanese-Qatari Rumanna company, giving the latter a concession to explore in the Red Sea state.

Rummana’s chairman of the board of directors, Gaafar Ahmed Taha, said in statements following the signing of the agreement that they have the real desire to invest in Sudan, predicting the deal would represent a real push to the mining industry in Sudan.

Last March, the government announced that gold production in 2014 would reach 70 tonnes compared to 34 tonnes in 2013 following development of the traditional mechanisms of exploration.

According to the ministry of mining, traditional mining represents 90% of gold production in Sudan.

The ministry said it plans to legalise and regulate the informal mining sector through the 2014 mineral wealth code which will be approved by the concerned bodies.

The East African country is looking for gold to make up for the budget deficit it incurred as a result of losing three quarters of its oil production due to the secession of South Sudan in July 2011.

In recent years a growing number of foreign gold companies have expressed interest in obtaining licences to operate in Sudan.

(ST)

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.
  • 8 July 2014 21:07, by omoni jr.

    JAJAJAJA,
    YOU khartoumers are the best:
    1-comdeians
    2- murderers
    3-Liars
    4-Hypocrites
    Sell your nonsenses to Al Qaeda net-work in Yemen,and Irag.

    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


Economic woes compel a shift in Khartoum’s “strategic alliance with Iran” 2015-03-30 21:04:12 By Eric Reeves Sudan Tribune reports today a remarkable declaration by the Khartoum regime’s foreign minister, Ali Karti: “We were never allies with Iran: Sudan Foreign Minister” The Sudanese (...)

What is wrong with the IGAD peace process? 2015-03-29 22:39:56 By Alfred Ladu Gore 1. The Effects of Flawed Methodological Approach on the Fundamental Issues Arising from the Crisis Situation in South Sudan In the methodological context of this paper, it (...)

Creating peace in South Sudan requires extraordinary precautions 2015-03-29 11:55:31 By Panther Alier On March 6, 2015, South Sudanese were hit again with grim news, the failure of the government and rebels led by Riek Machar to agree on almost everything that was on negotiation (...)


MORE






Latest Press Releases


Seventy-six organizations call for publication of AU Inquiry Report as deadline for peace passes 2015-03-07 05:04:51 6 March 2015: FOR Immediate Release SOUTH SUDAN: The African Union (AU) Peace and Security Council (PSC) should immediately consider, publish and disseminate the final report of the Commission (...)

Archbishop Taban calls for reconciliation and forgiveness 2015-02-23 09:30:38 February 2015 Greetings from Peace Village, Kuron. It is really a Peace Village. I had my peaceful Christmas and a Prosperous New Year in Kuron. God really blessed the area with Peace. You can (...)

WFP appreciates US additional support for S. Sudan’s hungry 2015-02-19 08:20:15 17 February 2015 (JUBA)- The United Nations World Food Programme (WFP) has welcomed a contribution of US$165.5 million from the United States Agency for International Development (USAID) to feed (...)


MORE

Copyright © 2003-2015 SudanTribune - All rights reserved.