Wednesday, March 14, 2012

#Mining in Sudan: #gold output to reach 50 tons by the end of 2012

The North African country of Sudan is the largest country in Africa and the
Arab world, and the tenth largest in the world by area. More well known for
civil conflict than mining and mineral resources, the country possesses
significant mineral wealth within its territory including: petroleum, natural
gas, uranium, tin, silver, manganese, zinc, iron, lead, copper, cobalt, nickel
and gold. In fact, the Bank of Sudan estimates that the country will produce 50
tons of gold by the end of this year which will generate at least $2.5 billion,
according to an article published yesterday in Qatari Al-Raya . Gold Investing
News states that Sudan has been experiencing "a rush" from foreign companies
for gold exploration in recent years, including interest from Australia, Europe
and the US. Mining companies currently operating in the region including Toro
Gold Ltd ., Rika Global Impex Ltd. , La Mancha and Nuinsco Resources Limited .
Check out our recent blog post exploring Nuinsco Resources' experiences of
operating in Sudan.

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