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.



Aramco, Gulf Cryo Cooperate in Testing Lower-carbon Hydrogen

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
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Aramco, Gulf Cryo Cooperate in Testing Lower-carbon Hydrogen

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco

Saudi Aramco has signed an agreement with Gulf Cryo, a regional leader of end-to-end industrial gases and decarbonization solutions in the MENAT region, to conduct testing of lower-carbon hydrogen and carbon capture & utilization technologies under Saudi Arabian climate conditions enabling future commercial deployment.

The agreement underscores Aramco’s desire to develop a lower carbon emission future through investing in research and technology development, to support business growth and meet global energy demand while reducing scope 1 and scope 2 GHG emissions to net-zero by 2050 from its wholly own operated assets.

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. The testing and assessment will be conducted at Gulf Cryo's newly established Applications and Technologies Center (ATC) at King Salman Energy Park (SPARK), a press statement said Thursday.

Aramco’s senior vice president of Technology Oversight and Coordination (TOC), Ali A. Al-Meshari, said: “This collaboration is important in advancing our early stage technologies to the next phase of development, which will help create local ecosystem for accelerating technology deployment leveraging in-kingdom talent and infrastructure.”

As for Gulf Cryo Vice Chairman, Eng. Abdel Salam Al Mazro, he said that “the project will leverage the capabilities of our Center to deliver groundbreaking lower-carbon hydrogen and decarbonization solutions, tailored to the unique needs of Aramco.”

In addition to driving technological advancements in decarbonization, this collaboration supports Saudi Arabia’s strategy to enhance localization and build local capabilities. The facility is planned to be ready for commissioning by the end of 2025, the statement added.