Mining Companies in Sudan for Sale
Mining Companies in Sudan
Mining companies in Sudan for sale offer investors a chance to participate in a lucrative industry. The country has a vast untapped and unexplored mineral resources. A mining company can help you identify mineralisation areas and develop concessions. The government of Sudan is keen to attract foreign and national investment in its mining sector. It hopes that these investments will help the country achieve its development goals.
But the prospect of purchasing a mining company in Sudan is not without its risks. The country’s political situation has become increasingly volatile in recent years. A disinformation campaign launched by the Russian government sought to increase tensions between the government and its people. It used fake social media accounts, similar to the Internet Research Agency’s work in the 2016 U.S. election. Facebook, which owns social media platforms, eventually shut down 172 accounts. However, that didn’t stop the Wagner Group from capitalizing on Sudan’s gold rush. Al-Ibediyya, a small town north of Khartoum, has become a gold mining hub.
The company’s operations in Sudan are subject to strict government regulations. For example, the company should have a documented paper trail that proves that it is a genuine company. In Sudan, this will require the company to transfer any judgments against it, and it should not have undeclared foreign partners.
Mining Companies in Sudan for Sale
In addition, Sudan is embargoed by the United States, which makes it difficult to invest in mining companies. The country also has significant economic links with the Muslim world. For this reason, many Western companies have shied away from investing in Sudanese companies. The country’s government is trying to get some quick cash, but it can take a long time before projects start producing profits.
Biggest mining companies in Sudan
In recent years, Sudan has tried to introduce regulations that govern the activities of its gold miners. However, most operations still rely on traditional methods of extraction. As a result, accidents and fatalities are common. Last year, sixty people died when a mine collapsed. Additionally, mercury is used to extract gold, which is a known carcinogen.
The minerals minister recently cancelled mining licenses of companies that did not meet government regulations. The move follows the cancellation of contracts of more than 30 companies last year. The Minerals Minister arrived at Jebel Amer in Jebel Amer with 65 officials including the Governor of North Darfur and the Minister of Urban Planning and Public Utilities. Other high-ranking officials present at the meeting include Abdelrahim Hamdan, the Deputy Field Commander of Sudan’s Rapid Response Forces.