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Sudan breaks gold production record in 2022

Gold production rate for 2022 in Sudan marks the highest productivity in the country’s mineral sector history. Engineer Alaeldin Ali, Director of the General Administration for Supervision and Control of Production Companies in a press release noted that the production rate reached 18 tons and 637 kilograms from organized concession companies and companies dealing with traditional mining waste. This marks an increase of one ton and 611 kilograms compared to the highest production achieved in 2019.

Gold in Africa

Sudan is one of the largest producers of gold in Africa, however production is often driven by unregulated, artisanal (individual subsistence) mining, and routine gold smuggling across international borders is a constant problem.

It is estimated that over 50% of Sudan’s gold is smuggled out of the country, with proceeds frequently used to finance the internal conflict. In an effort to address this problem, the Central Bank of Sudan issued a circular in March 2022 prohibiting the export of gold by government agencies, foreigners, individuals, and companies (excluding concession companies operating in mining). The circular also restricted the Central Bank’s role in purchasing gold solely for the purpose of building reserves.

New investment laws designed to attract foreign capital and strong government support for the development of the country’s mining sector have positioned Sudan as an emerging global economy.

 

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