Sudan Attracts Global Investment Interest in Mining Sector
The African Mining Week concluded in Cape Town, South Africa, with wide participation from international companies and government delegations.
Several global firms expressed interest in investing in Sudan’s mining sector, particularly in exploration, technology transfer, and training.
Head of the Sudanese delegation, Geological Adviser Ahmed Haroun Al-Tom, Director General of the General Authority for Geological Research, reaffirmed Sudan’s commitment to leveraging international expertise and localizing modern technologies to develop the sector.
He also commended the strong support of the Sudanese embassies in South Africa and Ethiopia for facilitating Sudan’s participation.
Meanwhile, Geological Adviser Othman Suleiman Hamad, Assistant Director General of the Sudanese Mineral Resources Company, stated that Sudan’s second participation in the event provided an important opportunity to explore the latest global technologies and mining practices, describing it as a significant boost to efforts aimed at modernizing and expanding the mining industry in Sudan.
[10/4, 7:31 PM] it’s Me: Gold Exporters’ Chamber: Central Bank Offers Competitive Prices for Gold Purchases
Sudan Events – Rahab Abdullah
Chairman of the Sudanese Gold Exporters’ Chamber, Abdulmonem Al-Siddiq, revealed that the Central Bank of Sudan has officially begun purchasing gold in Port Sudan and Kassala State.
Speaking to Al-Ahdath, Al-Siddiq confirmed that the bank is currently the sole buyer of gold, noting that it has committed to paying competitive prices to gold companies.
He emphasized the importance of patience and careful evaluation to determine whether the new policies will result in a favorable exchange rate for the Sudanese pound, adding that a continued depreciation of the currency would lead to greater hardship for citizens and further economic decline.
