Ministry Denies Signing $277 Million Deal with “Deep Metals”
The Ministry of Minerals has denied reports claiming it signed an investment agreement worth more than $277 million with Deep Metals, a mining company.
In a statement, the ministry clarified that Deep Metals, like other companies, has expressed interest in investing in Sudan’s mining sector. However, it emphasized that the company must abide by the regulations governing both domestic and foreign investments. The government, the statement said, remains committed to transparency and fairness in offering investment opportunities.
The ministry categorically denied signing any agreement or memorandum of understanding with Deep Metals to date, stressing that it has made no legal or contractual commitments to the company.
Regarding the minister’s recent trip to Egypt, the ministry explained that it regularly invites both public and private sector companies, particularly from friendly nations, to explore opportunities in Sudan. It pledged to facilitate procedures to attract capital and encourage the sustainable exploitation of the country’s mineral wealth.
The statement reaffirmed Sudan’s openness to all foreign investors, with particular welcome extended to Egyptian companies given the deep ties between the two countries. It also highlighted ongoing coordination with Egypt’s Ministry of Petroleum and Mineral Resources to curb smuggling and unregulated mining activities.
The ministry dismissed the reports about an agreement with Deep Metals as deliberate misinformation aimed at discouraging foreign investment. It urged those making such claims to provide evidence in court, warning that no party has the right to undermine national economic interests or manipulate public resources.
