Sudan at the Center of Global Interest in Green Minerals

Sudanese Minister of Minerals Mohamed Bashir Abdullah (Asharq Al-Awsat)
Sudanese Minister of Minerals Mohamed Bashir Abdullah (Asharq Al-Awsat)
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Sudan at the Center of Global Interest in Green Minerals

Sudanese Minister of Minerals Mohamed Bashir Abdullah (Asharq Al-Awsat)
Sudanese Minister of Minerals Mohamed Bashir Abdullah (Asharq Al-Awsat)

As Khartoum and Riyadh prepare to raise the level of comprehensive bilateral cooperation, Sudanese Minister of Minerals Mohamed Bashir Abdullah revealed that efforts were underway to revive the Red Sea Agreement with Saudi Arabia.

In an interview with Asharq Al-Awsat, Abdullah said the Future Minerals Forum, which was recently held in Riyadh, provided a great opportunity to exchange expertise and ideas and explore new prospects for bilateral and international cooperation.

“It was an occasion to present an overview of mining in Sudan, its problems, investment opportunities and investing companies,” he added.

The minister noted that the coming period would witness joint Saudi-Sudanese discussions to develop a new vision and submit it to the concerned authorities in the two countries, according to which licenses will be granted to Saudi companies based on new foundations.

The economic sector contribution

Asked about Sudan’s production of gold, Abdullah noted that the total production reached around 50 tons in 2021, which provided $1.3 billion in contribution to the public treasury.

In the first 9 months of 2022, the production amounted to 42 tons of gold, he said, indicating that despite the decline in the volume, the rising prices increased the revenues by an estimated $1.6 billion in 9 months.

The Sudanese Minister of Minerals pointed to his country’s efforts to launch a diversified mining portfolio besides gold, which includes the production of chrome, copper, iron, industrial minerals (gypsum), lead, fluorite, and salt.

Green minerals

Abdullah told Asharq Al-Awsat that his country was seeking to explore and produce green minerals, with the aim to move towards alternative energies and reduce dependence on products with carbon emissions.

All green minerals are available in Sudan, including cobalt, lithium, uranium and aluminum, he said, adding that his country drew global attention in the efforts to get rid of carbon emissions.

“We are negotiating with specialized international companies to work in this type of mining. We have launched research, identified test sites, and conducted geological surveys that confirmed the presence of these minerals in abundance… But our problem currently revolves around financing for the production of green minerals,” the minister said.

The mining map

The Sudanese Minister of Minerals said that his country was working on three mining maps, with the help of Russian expertise.

“We have come an advanced way, as we have completed the second stage, and are heading towards the following phase, which is mining.”

According to Abdullah, Sudan has completed the drawing of its geological map, which is regularly updated based on latest research and studies.

He revealed that Sudan has also contracted a Russian company to prepare its mineral map, the data of which is currently updated to include new information.

Work plan

Regarding the government’s action plan, Abdullah said: “We are maximizing production by controlling traditional mining and increasing modern alternatives.”

“Great efforts are needed to surround the product nationwide,” the minister underlined, referring to ongoing efforts to provide financing and stimulate exploration and investment in this field.

Challenges

The Sudanese Minister of Minerals acknowledged several challenges facing the mining sector in his country, including poor funding and the lack of proper infrastructure, such as electric power and paved roads.

However, Abdullah said he believed that the biggest challenge was the state’s ability to control security chaos and obtain the trust of foreign investors and producing companies, as well as countering the effects of the sanctions imposed on Sudan.

Added to the existing challenges are political instability and the fluctuation of the exchange rate, the minister emphasized, pointing however to the strength and flexibility of the Sudanese investment law, which he said has become a basic version for a number of countries in the world.

Sudan is promised a great future in the field of mining, in light of serious efforts to enhance infrastructure, mobilize financing and attract investment to the sector, according to Abdullah.

The minister pointed to another challenge represented by the need to limit the presence of mercury, in line with a global convention that seeks to reduce global mercury pollution.

“We are currently on our way to stop mercury once and for all, as we are working to provide alternatives, and are in constant contact with companies working with alternative technology,” he told Asharq Al-Awsat.

Traditional mining

The Sudanese minister admitted that traditional mining in his country represented one of the biggest challenges facing the sector because of irresponsible and random practices that pose harm to the environment and health.

“Arbitrary traditional mining has made the country lose large revenues, but we are currently working to address these forms through two basic means. First, we have tried to limit traditional mining and issue licenses within the framework of cooperative groups… who were granted lands and spaces in a way that enables us to control production and the required capacity.”

He continued: “Secondly, we adopted the so-called tripartite contract between the government, franchise companies and traditional miners, with the aim to confront the problem of the traditional miners’ control over lands and spaces.”

In this context, Abdullah explained that based on the tripartite contract, traditional miners deliver the minerals extracted from the private lands to the franchise companies, which in turn extract the stone material and then distribute the production according to the principles agreed upon between the parties.

Looting of wealth

On the other hand, the Minister of Minerals denied the presence of looting of the country’s mineral resources. He stressed that rumors about an organized smuggling of wealth, which was reported by some media outlets, fell within a slander campaign.

Nevertheless, the Sudanese minister pointed to cases of gold smuggling out of the country, away from the eyes of the government and the monitoring companies, indicating that this often happens due to the spread of traditional mining in most parts of Sudan and in remote areas.

This type of smuggling finds its way through a number of open borders with some neighboring countries, he remarked.



Saudi Industry Ministry Qualifies 24 Local, International Bidders for Round 10 Exploration Licenses

The Saudi Ministry of Industry and Mineral Resources announced the qualification of 24 local and international bidders to participate in Round 10 of the Kingdom’s exploration license competitions. (Asharq Al-Awsat)
The Saudi Ministry of Industry and Mineral Resources announced the qualification of 24 local and international bidders to participate in Round 10 of the Kingdom’s exploration license competitions. (Asharq Al-Awsat)
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Saudi Industry Ministry Qualifies 24 Local, International Bidders for Round 10 Exploration Licenses

The Saudi Ministry of Industry and Mineral Resources announced the qualification of 24 local and international bidders to participate in Round 10 of the Kingdom’s exploration license competitions. (Asharq Al-Awsat)
The Saudi Ministry of Industry and Mineral Resources announced the qualification of 24 local and international bidders to participate in Round 10 of the Kingdom’s exploration license competitions. (Asharq Al-Awsat)

Saudi Arabia’s Ministry of Industry and Mineral Resources announced on Tuesday the qualification of 24 local and international bidders, including companies and consortiums, to participate in Round 10 of the Kingdom’s exploration license competitions, marking the start of the bidding phase following the completion of technical and financial evaluations.

In a statement, it said the announcement reflects the ministry’s continued efforts to accelerate mineral exploration, unlock its estimated $2.5 trillion mineral wealth while strengthening the Kingdom’s position as an attractive destination for mining investment.

Spokesperson of the Ministry of Industry and Mineral Resources Jarrah Aljarrah said that the mineralized belts offered in this round cover a total area of 13,000 km2 across five regions: Madinah, Makkah, Riyadh, Qassim, and Hail, and include new exploration sites extending from belts offered in the Round 9.

These include the Nabithah/Ad Duwayhi (Dahlat Shabeb) Belt, home to the Ad Duwayhi Mine, which produces around 180,000 ounces of gold annually; the Sukhaybarat/Al-Safra Belt, a highly prospective zone for gold, copper, silver, zinc, and nickel, hosting advanced projects such as the Sukhaybarat and Bulghah mines; and the Al-Nuqrah Belt, known for its significant gold deposits and copper- and zinc-rich volcanic massive sulfide (VMS) mineralization.

Of the 24 qualified bidders, 17 were previously pre-qualified under Round 9, while seven additional companies and consortia completed the Round 10 pre-qualification questionnaire (PQQ). The continued participation of previously qualified bidders highlights growing investor confidence in Saudi Arabia’s mining opportunities and reinforces the credibility and transparency of its licensing process.

The ministry noted that, under the exploration licensing competition guidelines, pre-qualification remains valid for one calendar year. This allows eligible bidders to participate in subsequent licensing rounds during the validity period and enables greater participation in the Kingdom’s expanding pipeline of exploration opportunities.

The seven pre-qualified bidders include: Saudi Arabian Mining Company (Maaden); PT ANTAM Tbk; Power Metallic Mines Inc.; Wildsky Resources Inc.; consortium comprising Danakali Limited and Masadar Al-Zamarda for Mining; consortium between Anaam Al Qarat for Trading and Sahara Mining Co. Ltd.; and Thurb Al-Hayya for Trading Company.

The list of bidders previously pre-qualified under Round 9 includes: Vedanta Limited; Midana Exploration Pty Ltd; Jacaranda Minerals Pty Ltd; Sierra Nevada Gold; Royal Road Arabia; The Distinguished Consortium Mining Company; Sun Peak Metals; Eqleed-Indotan Mining Company; DesertEx Pty Ltd; Helderberg Limited; Al Tasnim Enterprises LLC; Branch of China National Geological and Mining Corporation; Aurum Global Group; Batin Al Ard for Gold Company; Almasar Minerals Holding Limited; Saudi Gold Refinery (SGR); and Al Ghazal Al Arabi Mining Company.

Saudi Arabia’s exploration license competitions are conducted through a three-stage process designed to ensure transparency, competitiveness, and equal opportunity.

The process begins with a pre-qualification phase, during which applicants are assessed based on technical and financial capabilities. This is followed by the competition and site selection phase, where qualified bidders gain access to competition guidelines and relevant technical documentation and select sites through the ministry’s digital mining platform, Taadeen.

Where multiple bidders compete for the same site, the process advances to a public multi-round bidding process, with awards determined based on competitive exploration expenditure commitments and transparent evaluation criteria.

The next phase of Round 10 will see qualified bidders select available exploration sites through the Taadeen platform, in accordance with clear criteria designed to ensure fair competition and allow companies to pursue opportunities best aligned with their technical strengths and investment strategies.

Aljarrah, the ministry’s spokesperson, said the growing participation in exploration licensing rounds reflects rising confidence in the Kingdom’s mining investment environment, supported by regulatory reform, enhanced geological data, transparent licensing mechanisms, and an expanding portfolio of high-potential exploration opportunities across Saudi Arabia.

These results reflect the impact of the Kingdom’s ongoing regulatory and legislative reforms, which continue to strengthen investor confidence and reinforce Saudi Arabia’s position as a transparent, competitive, and globally attractive mining destination aligned with the objectives of Vision 2030.


China Rides AI Wave as Exports Surge Past Forecast

Containers and ships are seen at the port in Nanjing, in China's eastern Jingsu province early on June 9, 2026. (AFP)
Containers and ships are seen at the port in Nanjing, in China's eastern Jingsu province early on June 9, 2026. (AFP)
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China Rides AI Wave as Exports Surge Past Forecast

Containers and ships are seen at the port in Nanjing, in China's eastern Jingsu province early on June 9, 2026. (AFP)
Containers and ships are seen at the port in Nanjing, in China's eastern Jingsu province early on June 9, 2026. (AFP)

China's export growth accelerated in May, buoyed by robust demand for chips, autos and other high-tech goods fueling the global AI boom, providing policymakers some relief as energy price shocks from the Iran conflict weigh on broader demand.

A surge in global AI investment has helped the world's top manufacturer offset the export hit many had expected from the Middle East turmoil. But signs are emerging that stockpiling linked to higher energy costs is fading, with prices rising and overseas buyers starting to run down inventories as they hold out for a ceasefire.

Exports expanded 19.4% from a year earlier in US dollar value terms, customs data showed on Tuesday, outpacing the 14.1% gain in April and a 15% rise tipped by economists.

Imports notched another strong month, climbing 27.4% versus a rise of 25.3% a month prior. Economists had forecast growth of 25%.

"Chip price increases continue to support exports, with memory prices rising 20% month-on-month, pushing integrated circuit export growth to ‌111% for the month," ‌said Xing Zhaopeng, ANZ's senior China strategist.

China's exports of automated data processing equipment soared 66.1% in ‌value ⁠terms year-on-year, high-tech ⁠products rose 50.9% and shipments of cars jumped 39%, the data showed.

"Looking ahead, the AI story is far from over -- chips are rewriting China's trade landscape," Xing added.

The AI boom has driven strong demand for semiconductors powering data centers and advanced electronics, playing to China's manufacturing strengths.

But beyond AI, there are signs of strain in other sectors that suggest momentum may be starting to fade. Furniture exports, for example, rose just 1.9% year-on-year in May, while toy shipments fell 7% and footwear exports dropped 10.4%.

Separate factory activity data also showed a steep drop in new export orders last month from April's two-year peak, when warehouse managers reported "booming" business amid a scramble by foreign factories to lock in supplies.

Strong exports powered ⁠China's $20 trillion economy past forecasts in the first quarter, but pockets of weakness in the export ‌engine have reinforced concerns that fragile domestic demand leaves it exposed to weaker global ‌conditions and increases the likelihood of further policy support.

CHINA'S EXCESS CAPACITY STOKES TRADE FRICTION

Beijing is under growing international pressure to strengthen domestic consumption, as critics ‌warn its heavy reliance on imported inputs and re-exports is distorting trade and squeezing other emerging economies out of higher-value manufacturing.

"Close attention ‌must be paid to the risk of escalation between China and major trading partners such as Europe," said Zhiwei Zhang, chief economist at Pinpoint Asset Management.

The Organization for Economic Cooperation and Development amplified that concern last week, noting in a report that nearly 60% of Chinese firms' "market share gains can be explained by subsidies received."

A new US Federal Reserve paper found that China's trade surplus - measured against global GDP - has topped 1%, well above the peaks ‌Japan and Germany hit in the late 20th century, and shows little sign of narrowing.

China's trade surplus, which topped $1 trillion last year, came in at $105.43 billion in May, up from $84.8 billion ⁠a month prior and from a ⁠forecast of $92.1 billion.

The latest trade figures suggest Chinese industrial overcapacity probably accounts for at least some of the shipments.

Exports to Europe rose 7.6% year-on-year in May, while those to the United States climbed 35.4% and to Southeast Asia increased 24.3%.

Purchases from South Korea surged 83.6%. China is Korea's biggest chips market.

RARE EARTHS FLASHPOINT

China's economic heft is also rippling through oil markets, with the world's top energy buyer surprising traders by holding back purchases. Crude imports in May plunged 29% to their lowest level in eight years, helping temper global prices and partially cushion the energy shock triggered by US President Donald Trump's war in Iran.

A closely watched meeting last month between Trump and Chinese leader Xi Jinping helped cool tensions between the two superpowers but produced no meaningful breakthroughs, whether on tariff disputes or cooperation over ending the Iran conflict.

That said, China's rare earth exports climbed to a four-month high, with the world's top producer shipping 5,490 metric tons of the 17-element group essential for electric vehicles, wind turbines and defense technologies - another flashpoint in Beijing's trade tensions with the West.

China's relative advantages in scale, deep supply chains and industrial capacity leave it well positioned to absorb trade frictions with the West, including proposed US tariff hikes, said Sheana Yue, senior economist at Oxford Economics.

"We still expect exports to be China's primary growth driver in 2026, anchored by continued high-tech and clean-tech products despite war-related headwinds to global demand."


Türkiye, Canada Agree to Launch Exploratory Talks on Free Trade

Türkiye’s Trade Minister Omer Bolat addresses the audience during a signing ceremony in Istanbul, Türkiye, April 29, 2024. (Reuters)
Türkiye’s Trade Minister Omer Bolat addresses the audience during a signing ceremony in Istanbul, Türkiye, April 29, 2024. (Reuters)
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Türkiye, Canada Agree to Launch Exploratory Talks on Free Trade

Türkiye’s Trade Minister Omer Bolat addresses the audience during a signing ceremony in Istanbul, Türkiye, April 29, 2024. (Reuters)
Türkiye’s Trade Minister Omer Bolat addresses the audience during a signing ceremony in Istanbul, Türkiye, April 29, 2024. (Reuters)

The trade ministers of Türkiye and Canada have agreed to launch exploratory discussions aimed at concluding a free trade agreement, according to a joint ministerial statement on Tuesday.

The statement said ‌Turkish Trade ‌Minister Omer ‌Bolat ⁠and Canada's Minister of ⁠International Trade Maninder Sidhu had met to advance the strong and growing economic partnership between the two countries.

"They ⁠agreed to launch ‌exploratory ‌discussions toward a free trade agreement, ‌a step that ‌reflects the ambition of both countries to unlock the full potential of the ‌commercial partnership," the statement said.

It said they identified ⁠energy ⁠as a promising area for expanded cooperation and agreed to explore opportunities in renewable energy, as well as in nuclear energy, including the potential of Canadian CANDU technology to support Türkiye’s diversification goals.