Home | News    Tuesday 26 December 2017

Sudan gold production reaches 105 tons

separation
increase
decrease
separation
separation

December 25, 2017 (KHARTOUM) - The Geological Research Authority of Sudan (GRAS), Monday announced that the country gold production for the first time has reached 105 tons.

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

Until recently Sudan currently ranked third in gold production behind South Africa and Ghana. Officials said they hope to land in the first place by 2018 with more than 140 tons. However, the new figure places it only in the second place far behind South Africa.

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.

Addressing a gathering at the Mineral Minister’s Prize for Creativity and Excellence function in Khartoum, the GRAS Director General, Mohamed Abu Fatima disclosed that Sudan’s production of gold has risen to 105 tons during the 2017 year.

He went to say that Sudan ranks second place in Africa and ninth in the world, adding that there are in huge reserves of gold available in Aryab area at the Red Sea Mountains in eastern Sudan.

The Sudanese official further said there are some technical problems hampering the geological mapping, geophysical and geochemical exploration programmes adding that it will be overcome soon through training and rehabilitation and importation of new technologies.

In a related development, the Sudanese Mineral Resources Company in a report to the mineral ministry council on Sunday reported that Sudan production of gold amounted to 103 tons and the government income has reached 1.9 trillion pounds.

Reporting to the parliament about gold revenue earlier this month, Sudanese Minerals Minister Hashim Ali Salem said country’s production of gold from January to November 2017 amounted to 95.1 tons.

Also, he called to review the law and sanctions on gold smugglers to dissuade them.

The low dollar price set by the Central Bank of Sudan (6.9 pounds)encouraged the traditional miners to smuggle their production to outside the country especially when the mining areas are near a neighbouring country.

However, the Sudanese finance ministry Monday set a new official rate for the U.S. dollar, announcing that it has been increased to 18 pounds for one dollar.

(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


Another electoral farce Sudanese should expect in 2020 2018-06-18 02:08:16 Sudanese Elections Scheduled for 2020 will be Fraught with Dangers andCounterfeiting like its predecessors By Mahmoud A. Suleiman The National Congress Party (NCP) regime’s Elections Scheduled (...)

Salva Kiir’s kingdom of doom 2018-06-16 12:31:50 By Duop Chak Wuol Empires come and go, regardless of whether they are good or bad. One of the chief measures employed by historians is an investigatory examination into the legacies the empires (...)

Darfur remains at crossroads as Bashir takes it protective cover from ICC 2018-06-12 14:19:46 By Mahmoud A. Suleiman This article comes against the backdrop of the statement attributed to Sudan's ruling regime as saying that it is the “Time for UNAMID to leave Darfur” (...)


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.