Sudanese Government Estimates Gold Revenues at $5 Billion

Gold mine workers weigh their gold in River Nile State, July 30, 2013. (Reuters)
Gold mine workers weigh their gold in River Nile State, July 30, 2013. (Reuters)
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Sudanese Government Estimates Gold Revenues at $5 Billion

Gold mine workers weigh their gold in River Nile State, July 30, 2013. (Reuters)
Gold mine workers weigh their gold in River Nile State, July 30, 2013. (Reuters)

The Sudanese government said that the annual production of gold ranges between 120-200 tons with revenues estimated at USD5 billion. It revealed that the number of workers in the mining sector amounts to around 5 million.

Minister of Energy and Mines Adil Ali Ibrahim said that the sector, which he described as one of the country’s most productive after the decline of agricultural and industrial production, is in a dire need of urgent policies to tackle pending problems.

He noted the government’s absent from mining region.

Addressing a conference on mining in Sudan, he remarked that the Central Bank has ceased purchasing gold, adding that the Sudanese Mineral Resources Company Limited has gained access to this field.

Part of the revenues has been allocated for domestic production and will be collected by the company.

The government will not allow any foreign firm to work in remaining mines, except for a Russia firm that is operating under a previous agreement, said Ibrahim.

Sadiq Tawar, a member of the Sovereignty Transitional Council, spoke of conflicts among local communities because the mining sector is liked to the corruption and oppression of the former regime.

Tawar called for enacting regulations that preserve workers’ rights in order to overcome tensions in these communities.

He accused mining companies, which are owned by members of the former regime, of seeking to cause tension to enrich themselves.



Saudi Arabia, Comoros Sign MoU on Economic Cooperation

The MoU underscores the exchange of knowledge to boost economic collaboration. SPA
The MoU underscores the exchange of knowledge to boost economic collaboration. SPA
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Saudi Arabia, Comoros Sign MoU on Economic Cooperation

The MoU underscores the exchange of knowledge to boost economic collaboration. SPA
The MoU underscores the exchange of knowledge to boost economic collaboration. SPA

The Saudi Ministry of Economy and Planning and the Ministry of Economy, Industry and Investment of Comoros have signed a memorandum of understanding (MoU) to establish a framework for enhancing and diversifying economic cooperation based on mutual interest.
The MoU, signed by the Saudi Minister of Economy and Planning Faisal Alibrahim and Minister of Economy, Industry, and Investment of the Comoros Moustoifa H. Mohamed, outlines key objectives aimed at strengthening economic ties between the two countries.

It underscores the exchange of knowledge to boost economic collaboration, fostering communication and cooperation between government entities and the private sector.
The MoU also seeks to facilitate visits, communications, and events that promote interaction between individuals, officials, and economic institutions. Furthermore, it highlights the importance of supporting the participation of small and medium-sized enterprises (SMEs) in bilateral economic activities.