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Expectations for Gold Exports Revenues to Reach 2 Billion USD by Year-End

Sudan Events – Rehab Abdullah

Mohamed Taher Omar, Director of the Sudanese Mineral Resources Company, revealed that Sudan’s gold exports revenues reached $1.54 billion, with expectations to reach nearly $2 billion by the end of the year.

During his meeting with gold export companies in the Northern State on Sunday evening, he noted that Sudan’s gold production, despite the war, amounted to 60 tons. He added that the company contributed 70% of the national output and exports.

Omar stated that the Central Bank of Sudan adopted a banking system for exports, aiming to increase the number of strategic commodities to 13 in an effort to facilitate export operations.

He praised the efforts of the Central Bank in adopting policies that align with the conditions of war.

He also explained that the Sudanese Mineral Resources Company had taken measures to limit smuggling, including policies to incentivize exporters in coordination with relevant partners.

Omar emphasized that the company is working to strengthen the economy through mining, highlighting the significant cooperation from all state agencies, especially those that support the mining activities, and promised further developmental projects for the region in the context of corporate social responsibility.

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