Home | News    Friday 28 October 2016

No restrictions on Sudan’s gold exports: minister

separation
increase
decrease
separation
separation

October 27, 2016 (KHARTOUM). Sudan’s Minister of Minerals Ahmed Sadiq al-Karouri on Thursday assured investors from Oman Sultanate that there are no restrictions on Sudanese gold export.

JPEG - 29.2 kb
Gold bullion blocks pictured at a gold refinery in Khartoum on 11 October 2012 (SUNA)

The Minister expected that more mining companies to enter production stage within the coming two years.

In August, Sudanese government said that it would take measures to avoid any possible ban by U.S Administration on Sudan’s gold exports. The measures include importing gold refinery and two factories to be able to sell the Sudanese gold directly in the international markets.

At the time, al-Karouri expected that Washington would try again to impose ban on Sudan’s gold exports after its failure to issue a decision form United Nations Security Council.

“All the mining companies working in Sudan are able to export their gold production without any restrictions,” al-Karouri told the Omani investors on Thursday, pointing that that U.S sanction impose restrictions on importing modern mining equipment and financial transactions.

The minister advised the Omani investors to manufacture minerals instead of exporting them as raw material to add value to the mineral products.

On his part, the Chairman of Board of Director of the Sudanese Omani Company for Investment, Siaf al-Salhi pointed that they are interested to invest in mining sector in Sudan and achieving good results soon.

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 be the biggest gold producing country in Africa by 2018.

(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.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Wedding in Juba - How can you tell if a bridegroom works for Nilepet? 2017-02-24 05:25:41 By Deng Kiir Akok The Nile Petroleum Corporation is a national Oil and Gas Corporation, which engages in oil exploration, production and marketing. Famous for its abbreviation Nilepet has been a (...)

Bashir’s congratulation for Trump remains double-edged sword 2017-02-21 08:47:41 By Mahmoud A. Suleiman This is a note to the readers of this article about my use of the phrase double-edged sword. It means that Omar al-Bashir’s Speedy congratulation offer to Donald Trump (...)

South Sudan: Why ’NO’ for peace and ’YES’ for war 2017-02-20 20:45:12 By Tor Madira Machier The region and the International community has been on a campaign in a bid to end the civil war in South Sudan right after its inception in December 2013, yet the very (...)


MORE






Latest Press Releases


Militias of Bashir’s Regime and the Proxy War (1) 2017-02-08 21:49:09 Sudan Democracy First Group Militias of Bashir’s Regime and the Proxy War (1) War in the Blue Nile: Militias in the hunt of refugees and displaced population Introduction Throughout its rule, (...)

More refugees flee to Uganda than across Mediterranean 2017-01-25 09:15:39 January 25, 2017 Uganda welcomed more refugees last year than the total number of refugees and migrants crossing the Mediterranean into Europe. “Europe should learn from the way Uganda and other (...)

Carter Center welcomes new regulations on humanitarian affairs 2017-01-12 07:53:16 The Carter Center ATLANTA, Januarg 11, 2017 – The Carter Center welcomes the recent regulations issued by the government of Sudan aimed at facilitating humanitarian relief throughout the country (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.