SUDAN’S GOLD PRODUCTION AT AN ALL-TIME HIGH.

 SUDAN’S GOLD PRODUCTION AT AN ALL-TIME HIGH.
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Sudan, reportedly the second-largest producer of gold in Africa and the ninth in the world, announced through the Sudanese Mineral Resources Company that it produced more than 18 tons of gold in 2022.

 

The company described it as the peak of its productivity in the history of the mineral sector in Sudan.

 

In a press statement, 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 their previous highest production which was achieved in 2019.

 

The production of the organized sector of concession companies and companies dealing with traditional mining waste formed major parts of the 18 tons and 637 kilograms of gold produced in 2022.

 

Central Bank of Sudan issued a message to banks and related authorities in the first quarter of 2022 outlawing gold export by government agencies and foreigners, individuals, and companies, not including concession companies operating in mining.

 

Also contained in the Apex bank’s message is the intention to limit the role of the Central Bank of Sudan to purchase gold to build reserves only.

 

While the country basks in the benefits from its all-time high gold production which is also driven by unregulated and artisanal mining, over 50% of Sudan’s gold is reportedly smuggled out of the country. This requires the Government’s quick response and intervention.

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