Home | News    Thursday 28 July 2016

Sudan to produce 100 tonnes of gold by end of 2016: minister

separation
increase
decrease
separation
separation

July 27, 2016 (KHARTOUM) - Sudan’s Minister of Minerals Ahmed Sadiq al-Karouri said his country expects to produce 100 tonnes of gold in 2016, pointing it would become Africa’s second largest and among the world’s top ten producers by the end of the year.

JPEG - 12.5 kb
A local brings his gold for examination at a laboratory in the gold market in Khartoum (Photo: Reuters)

Al-Karouri, who spoke to reporters following his meeting with Sudan’s ambassador to New Delhi Siraj al-Din Hamid, expected that Indian companies would play a major role in metal fabrication and in particular iron in Sudan.

He added that India would also invest in the manufacturing of gold and precious stones, saying that India is among the major buyers of gold globally.

The Sudanese minister pledged to facilitate all the procedures for the Indian investors.

Last month, al-Karouri said that gold production in the first quarter of the current fiscal year reached 22.3 tonnes which generated some $903.13 million.

In April, the Ministry of Minerals said that the country’s production of gold has risen by 3 percent compared to 2015, according to the first quarter of 2016 report.

Near 70% of the country’s gold production in 2015 was produced in the River Nile State. The traditional mining represents 90% of gold production in Sudan.

Sudan currently ranks third in gold production behind South Africa and Ghana but aims to land in the first place by 2018.

Gold has become one of Sudan’s largest exports which partially compensated for the loss in oil revenues, which accounted for more than 50% of income until 2011 when South Sudan seceded, thus taking with it most of the country’s oil reserves.

Sudan approved a law to regulate traditional mining by granting licenses and specifying areas to work in to protect them from hazardous conditions and smuggling.

It is believed that traditional mining employs more than a million Sudanese but it is still difficult to obtain credible data.

On the other hand, there are currently 132 companies operating in the regular mining sector in Sudan including 15 foreign companies.

(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.

Comment on this article



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


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Reflections on the SPLM-Ns 2017-10-18 20:15:33 By Mohamed Yassin It is sad, weird and ugly that some comrades reduced the vision of the SPLM to the SPLM-N standing for North, as a compromise. Its adaptation, it was bitterly adopted in an (...)

Do we have leaders in South Sudan or murderers? 2017-10-15 04:13:20 By Peter Gai Manyuon According to different scholars globally, leadership style is the way a person uses power to lead other people. More so, scholars have also identified a variety of (...)

Accountability, National Dialogue, and Elections: Which one of them comes first? 2017-10-12 21:51:17 By Dr Lako Jada Kwajok Conflicts or wars are the offspring of failures to have constructive dialogues in resolving problems between parties. The parties could range from countries, groups of (...)


MORE






Latest Press Releases


Reactions to government agencies’ conspiracy against Greater Bor community 2017-10-08 07:54:31 October 7, 2017 A monkey business or a donkey business in the government of the republic of South Sudan against the citizens is unacceptable. Therefore, we as youth of Greater Bor in diaspora (...)

Amnesty calls to release Nubian activists detained over protest for cultural rights 2017-09-12 20:47:54 AMNESTY INTERNATIONAL PRESS RELEASE 12 September 2017 Egypt: Release 24 Nubian activists detained after protest calling for respect of their cultural rights Egyptian authorities should (...)

New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.