Gold Mining Boom
The Sudan is an incredibly rich country, and the country’s gold mining industry is one of the largest in Africa. The country’s mineral reserves are vast and diverse, which has led several international mining companies to take substantial positions in the country. One example is Perseus Mining, which is developing a major gold project in Sudan. The company describes Sudan as an underexplored, highly prospective, and attractive mineral province.
The country’s mining boom is part of a major change in the relationship between the state and society. This change has a regional focus, and it has a significant impact on the way that mining is done. The mining boom in Sudan has transformed the way the government and society relate to each other. Local actors and controlling bodies have all been implicated in the mining boom. While this article will not mention each and every player, it will focus on the major winners and losers of the new system.
Many mining companies have been linked to the military and security agencies, and often use military vehicles to transport materials. Corruption has been a serious problem in Sudan’s mining industry, and it has been linked to the centralization and lack of transparency. In addition, many of the companies involved in the sector have been linked to local loyalists of the government.
The Sudanese Gold Mining Boom
The Sudanese military is heavily involved in the gold supply chain and controls the majority of companies in the country’s gold trade. After the military coup led by Abdel Fattah al-Burhan in October, the country’s economic crisis has deepened. This has led to a drastic cut in international aid, as well as an increase in the price of essential commodities.
Biggest mining companies in Sudan
The Sudanese gold market is also facing three challenges: smuggling, corruption, and conflict financing. However, recent reforms in Sudan’s gold market have addressed these problems and have created opportunities for companies to source responsibly from the country. The reforms have resulted in an opportunity for international investors.
There are currently 34 gold mining companies operating in Sudan. The two largest companies are Al Cardinal and Epic. The other companies are Natura and Manaji. These companies have four concessions. There are also a number of Chinese companies and a number of companies from Lebanon and Africa.