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The government-owned Sudanese Mineral Resources Company announced the production of more than 18 tons of gold in 2022, which is incidentally the highest production in the history of the mineral sector in Sudan
The government-owned Sudanese Mineral Resources Company announced the production of more than 18 tons of gold in 2022, which is incidentally the highest production in the history of the mineral sector in Sudan.
The Director of the General Administration for Supervision and Control of Production Companies, Engineer Alaeldin Ali, said that productivity increased by one ton and 611 kilograms, compared to the highest production in the last period, which was achieved in 2019, when production increased more than previous years.
The gold production in 2022 was 8 tons and 637 kilograms to be precise. This was sourced from the organised sector of concession companies and companies dealing with traditional mining waste.
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It is estimated that over 50% of Sudan’s gold is smuggled out of the country. The proceeds from the smuggled gold is frequently used to fund militant activities. It may be recalled that the Central Bank of Sudan issued a new circular to banks and related authorities in March 2022, banning the export of gold by government agencies and foreigners, individuals, and companies. However, the concession companies operating in mining were exempted from the scope of the circular. The Central Bank’s role was also limited to purchasing gold to build reserves only.
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