Sudan's Gold Exports to More Than Double, Says Bashir

Source:

"Sudan will expand in gold mining and oil exploration in the north as the oil-rich south prepares to declare its independence on July 9."

Sudan's gold export revenue probably will climb to $3 billion this year from about $1.4 billion in 2010, Sudanese President Umar al-Bashir told parliament.

Sudan will expand in gold mining and oil exploration in the north as the oil-rich south prepares to declare its independence on July 9, al-Bashir told the assembly in Omdurman, a suburb of Khartoum, the capital.

After independence, Southern Sudan will assume control of about three-quarters of the country's current oil production of 490,000 barrels a day, pumped mainly by China National Petroleum Corp., Malaysia's Petroliam Nasional Bhd. and India's Oil & Natural Gas Corp. Almost 99% of Southern Sudanese voters chose to secede from the north and form an independent country in a January referendum.

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