Home | News    Monday 23 April 2018

Sudan produces 36.5 tons of gold in first quarter 2018

separation
increase
decrease
separation
separation

Gold mine workers wait to get their raw gold weighed at a gold shop in the town of Al-Fahir in North Darfur on September 24, 2013. (Reuters/Mohamed Nureldin Abdallah)

April 22, 2018 (KHARTOUM) - Sudan’s gold production has reached 36.5 tons during the first quarter of this year, said a report released Sunday by the Sudanese Minerals Resources Company (SMRC), the monitoring arm of the Sudan Minerals Ministry.

The SMRC performance report revealed that the "production of gold for the first quarter reached (36.5) tons with a performance rate of (162%) while the revenues during the first quarter reached 778.548 million Sudanese pounds ($43 million) with a performance rate of 104%," said a statement released by the minerals ministry.

During a meeting chaired by the Minister of Minerals Hashem Ali Salem, SMRC Director General, Mujahid Bilal, said that the production of traditional mining represents 88% of production during the first quarter of 2018.

Gold production is now Sudan’s main source of hard currency after the secession of South Sudan where are the two third of its oil reserves before 2011.

However, restrictions on the hard currency by the Central represents a big challenge impeding the development of the mining industry but also encourage traditional minors to smuggle their production to neighbouring countries.

Sudanese officials said they hope to increase gold production to more than 140 tons during this year and make Sudan the first gold producer 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.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


South Sudan parties should agree on power sharing 2018-07-17 12:45:03 By Roger Alfred Yoron Modi A Revised Entebbe Proposal released yesterday in Khartoum as part of the Igad-led High Level Revitalization Forum HLRF of the 2015 Agreement on the Resolution of the (...)

On Sudan’s al-Bashir trip to Russia for FIFA World Cup final 2018-07-16 20:26:24 By Mahmoud A. Suleiman The attendance of the genocidal criminal, the fugitive from the International Justice Marshall Omer Hassan Ahmed al-Bashir to watch the Football Finale in Russia is Slap (...)

High hopes in Nairobi Talks between South Sudan Parties 2018-07-13 10:32:02 By Roger Alfred Yoron Modi Yes, I have high hopes in the expected Nairobi round of Talks between the South Sudanese Parties. To those who may not be knowing the last month’s Summit of the IGAD (...)


MORE






Latest Press Releases


The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)

Abyei celebrates Mine Awareness Day 2018-04-05 08:52:03 4 April 2018 | Abyei - The United Nations Interim Security Force for Abyei (UNISFA) and the United Nations Mine Action Service (UNMAS) commemorated the International Day for Mine Awareness and (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.