Sudan signed nine concession agreements for gold and copper mining. According to the state news agency, SUNA, four of nine concession signed with local companies. Other five concessions signed with the companies from Iraq, China, South Africa and Armenia. Amongst them Armenian company was the winner of the only copper concession. Including four local companies, all companies other than Armenia took gold concessions.
All concession areas are located in the Red Sea State, the West Kordofan state and the Northern State.
Emphasizing Sudan’s improvement on gold mining industry, Minister of Minerals, Mohamed Bashir Abdalla shared information on gold trade of Sudan in recent years. Abdalla stated that selling 13,327,657 grams of gold worth $437,983,965 from 2015 to 2020, Sudan sold 2,752,889 grams worth $140,805,290 from June 2020 to February 2021. He also noted gold sales from March to May reached $36,295,970,
Sudan took steps last year to open up trade in the precious metal further to private investors, allowing them to handle all exports and taking the business out of state hands. The country also had approved the establishment of stock exchanges for gold, minerals and agricultural commodities.
