$1.5 Billion in Revenues from Sudan’s Gold Exports

The Sudanese Minister of Minerals, Mohamed Bashir Abdullah, emphasized the importance of the Economic Forum as an economic platform with the potential to enhance the country’s economy.

The minister chaired the closing session of the Economic Forum, organized by the Ministry of Finance and Economic Planning, which concluded on Wednesday evening at Al-Rabwa Hotel in Port Sudan.

For his part, the Director-General of the Sudanese Mineral Resources Company, Mohamed Tahir Omar, reaffirmed the continued growth of the country’s gold exports through official channels. Speaking during the forum, he announced the deposit of $1.5 billion into the Central Bank of Sudan, representing the revenues from the country’s gold exports from the beginning of the year until October. He noted that the Ministry of Minerals, through its regulatory arm, the Sudanese Mineral Resources Company, implemented a series of measures this year to encourage exports via official state channels. These measures significantly boosted gold export revenues, which played a crucial role in financing the country’s strategic imports.

The Director-General confirmed that the mining sector significantly contributes to state revenues and supports the national economy during this critical phase for the country. He also revealed an ambitious plan to address the environmental impacts of traditional mining activities and to regulate the produced gold in collaboration with state governments, security agencies, and other relevant bodies.