Sunday, October 30, 2011

Sudan distributes 50 additional Gold Exploration Licenses

Recently, Sudan which produces African gold, has distributed fifty more licenses to firms to search for gold as well as other minerals. In response to all the oil reserves lost to South Sudan which became independent in July, increasing production of African gold is one way Sudan hopes to replenish what it has lost.

The licenses permit these firms to search for gold in the eleven states. Thus far, Sudan has distributed about 200 gold exploration licenses in total. Minerals Minister, Ahmed, stated the plan for next year is to create a refinery that can hold 150 tons of gold and 30 tons of silver. Sudan estimates in 2011, it will produce approximately 70 tons of gold. It’s estimated that 6-7 tons of gold will derive from ordinary mines while the remaining is produced by over 200 local Sudanese that were drawn to the gold rush.

http://news.yahoo.com/sudan-hands-50-more-gold-exploration-licenses-181820762.html

Taryn Vaughan

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