Sudan signs concession agreements for gold exploration

摘要

Sudan’s Ministry of Energy and Mining has signed seven concession agreements for gold exploration and other minerals in the Nile River and Red Sea state in an attempt to increase gold production and exports following the surge in gold prices on the global market. Minister for Energy and Mining Kheiri Abdelrahman said more concession agreements will be signed this week. After losing around 75% of its oil resources, due to separation from South Sudan in 2011, Sudan started to focus on gold production to compensate for the loss of oil revenues and gold has been one of its targets.