Home | News    Wednesday 12 August 2015

Sudanese official admits figures by Russian company on gold deposits ‘may not be 100% accurate’


August 11, 2015 (KHARTOUM) – The Sudanese presidential assistant Ibrahim Mahmoud Hamid brushed aside the fierce skepticism surrounding the government’s recently signed contract with a Russian mining company but acknowledged that the figures announced on gold reserves could well be exaggerated.

JPEG - 26.6 kb
Ibrahim Mahmoud Hamid

The contract was signed in late July with a company named as ‘Siberian’ for mining concessions in the Red Sea and River Nile states. President Omer Hassan al-Bashir reportedly attended the signing ceremony which was not made public.

Sudan’s minerals minister Ahmed Sadiq al-Karuri announced at the time that the company discovered 46,000 tonnes of gold reserves in these two sites with a combined market value of $1.70 trillion.

On top of the mammoth figure, skepticism grew deeper after a Sudanese consultant working for the ministry out of Moscow named Mohamed Ahmed Saboon tendered his resignation because of the contract with the company which he described as “unknown”.

Saboon also described the $1.70 trillion figure as “science fiction”.

Hamid, who is also the ruling party vice chairman, asserted in a television interview on Tuesday night that the Russian company is reputable and well known adding that its officials were part of a ministerial delegation that flew from Moscow to Khartoum recently.

However he admitted that the gold reserves figures may have been inflated.

"The figures put forward by the company about gold reserves may be 100% or 50% accurate," Hamid said.

The Sudanese official recalled that there were also skeptics when Sudan announced the discovery of oil in the late 90’s.

The chairman of Siberian mining company Vladimir Jakov said in an interview with al-Sudani newspaper on Monday that he personally has a 99% stake in the company along with a Sudanese partner whom he declined to name.

Jakov pointed out that he suffered “irreparable” damage from the skeptical talk about the company in terms of his bank dealings and reputation in Russia and abroad.

He said that there is confusion and mix-up between the parent company which he named as Golden Stone Vasilievsky Rudnik Mine Siberian For Mining Company LTD that is based in Russia.

He said that Siberian is the Sudanese subsidiary of the parent company and officially registered in Sudan adding that they spent about $10 million in geological research.

The pro-government Sudan Vision newspaper said that the group was owned by the Russian government till it was sold to the private sector in 1993 after it tumbled due to the collapse of the Soviet Union.

It further said that it was bought by the current investors and Jakov who led the company to become strong again and he was awarded the order of achievement by president Putin in 2004 himself for his role in lifting the company again.


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.
  • 12 August 2015 10:30, by Observer

    A search on the internet, both in English and Russian, does not find this company or Vladamir Jakov. In fact the only mention of the company and the above person are the news articles in the Sudan Vision and Sudan Tribune.
    Is this the invention of government officials so they can get the gold for themselves?
    There needs to be a transparent investigation but of course that won’t happen!

    repondre message

    • 12 August 2015 13:54, by sudani ana


      You are right on this. There is no Vladimir Jakov on the internet using a google search. Also the only Siberian mining company is one registered in Hong Kong and not Russia. The whole affair stinks of corruption at the highst level. God help us.

      repondre message

  • 13 August 2015 14:15, by Konan

    Nobody in Sudan believes this Govt. propaganda and bullshit. It’s another lie and made up news to divert people’s attention from the hardship that they are facing day and night. Shame on them.

    repondre message

    • 13 August 2015 18:21, by sudani ana

      The other name mentioned: Golden Stone Vasilievsky Rudnik Mine Siberian For Mining Company LTD, is just a company that sells mining machinery, not a mining company. Are these people stupid? Don’t they know that there are no secrets in the world anymore and any information is available at the touch of a button?

      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 Makes an Uprising? 2021-09-03 17:29:45 By: Dr Lam Akol* In an undated article, Hon. Atem Garang de Kuek discussed what was required for an uprising in South Sudan to succeed as did three uprisings in the recent history of Sudan (...)

Is IGAD partly responsible for current confusion in South Sudan? 2021-08-21 09:41:17 By Bol Khan In April 2016, Radio Tamazuj posted and answered questions about the fainting Security arrangements or demilitarization of the capital, Juba as stipulated in 2015's signed ARCSS and (...)

South Sudan People Coalition for Civil Action (PCCA) is to create warlords 2021-08-19 11:06:28 By Steve Paterno In South Sudan, where just about everyone has access to guns (tons of them), and almost every ambitious politician is a potential warlord, any slight destabilization of the (...)


Latest Press Releases

Statemeny bu Hala al-Karib to UN Security Council on women conditions in Sudan 2021-09-15 11:59:16 Statement by Ms Hala Al-Karib to the UN Security Council 14 September 2021 Madam President, Excellencies, My name is Hala Al-Karib and I am the Regional Director of the Strategic Initiative (...)

Joint Communiqué on the visit of H.E. the Prime Minister of the Republic of Sudan to Juba 2021-08-23 11:23:26 19 – 21 August 2021 His Excellency Dr Abdallah Hamdok, Prime Minister of the Republic of the Sudan and Chairperson of IGAD, accompanied by Ministers of Defence, Foreign Affairs, Trade, (...)

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 (...)


Copyright © 2003-2021 SudanTribune - All rights reserved.