Sudan to Export First Batch of Refined Gold

Source:

"A month after opening its first gold refinery, Sudan is all set to export the first batch of refined gold, worth $5.6M, to an unknown destination."

A month after opening its first gold refinery, Sudan is all set to export the first batch of refined gold worth $5.6 million to an unknown destination.

According to Sudan news agency, Khartoum hopes to make up to $3 billion from gold exports this year, double the amount from last year.

The new refinery produces 300 kilograms of gold per shift, which amounted to $17 million under current prices.

In September, Sudanese president Omer Hassan al-Bashir inaugurated the country’s first gold refinery in a fresh bid to lift an economy still struggling from the impact of losing the oil-rich south last year. . . .View Full Article

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