Sudan accuses organizations of seeking ban on the gold exports

Sudan accuses organizations of seeking ban on the gold exports

06-03-2015, 01:18 AM


Post: #1
Title: Sudan accuses organizations of seeking ban on the gold exports
Author: SudaneseOnline News
Date: 06-03-2015, 01:18 AM

02:18 AM Jun, 03 2015
Sudanese Online
SudaneseOnline News-Khartoum Sudan
My Library at SudaneseOnline

Sudan’s Minerals Ministry has accused unnamed organizations that target imposition of a ban on the country’s gold exports.
Sudan’s Minerals Minister, Dr. Ahmed Sadiq Al-Karori, said in press statements on Monday that foreign organizations have been preparing negative reports on the mining sector in Sudan, particularly on the gold, pointing out that his ministry will continue to legalize, regulate and develop the traditional mining operations, as well as reduction of the use of mercury, denying that the primary goal of legalization, regulation and development of the traditional mining is not revenue collection
The minister noted that they have made great strides amounted to more than 75% of the plan of legalization, organization and development of the traditional mining sector, referring to the successes of mineral campaigns in legalization of the traditional mining
He revealed that the final report of the third mineral campaign showed that the ministry was able to achieve significant achievements and breakthroughs in this area where it managed to compose councils in 12 states where traditional mining prevails along the councils of localities and markets, exposing signing of more than 700 contracts; in addition to 44,254 cards for the traditional miners at the sites of mining. Therefore, the initial proceeds of the legalization amounted to more than 6 million Sudanese pounds.
Sudan 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.
The government eyes gold output of around 50 tones in 2013, worth around $2.5 billion, which would potentially make it Africa’s third largest gold miner behind South Africa and Ghana, and push it into the top 15 producers globally.
In recent years a growing number of foreign gold companies have expressed interest in obtaining licenses to operate in Sudan.

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