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gold|resources|equipment

OFFICIAL COLLAPSE

OFFICIAL COLLAPSE: Sudan’s official gold industry, the country’s largest revenue earner, has collapsed after a deadly conflict broke out in the country in April. Sudan officially exported 34.5 t of gold worth over $2-billion last year. Mubarak Ardol, general-director of the Sudanese Mineral Resources Limited, has confirmed that official exports have ground to a halt, while processing equipment has been damaged, and the headquarters of several gold companies looted. However, both the Sudanese army and Rapid Support Forces have also been accused of smuggling large amounts of illicit gold out of the country. Photograph: Bloomberg

OFFICIAL COLLAPSE: Sudan’s official gold industry, the country’s largest revenue earner, has collapsed after a deadly conflict broke out in the country in April. Sudan officially exported 34.5 t of gold worth over $2-billion last year. Mubarak Ardol, general-director of the Sudanese Mineral Resources Limited, has confirmed that official exports have ground to a halt, while processing equipment has been damaged, and the headquarters of several gold companies looted. However, both the Sudanese army and Rapid Support Forces have also been accused of smuggling large amounts of illicit gold out of the country. Photograph: Bloomberg

Photo by Bloomberg

23rd June 2023

     

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Sudan’s official gold industry, the country’s largest revenue earner, has collapsed after a deadly conflict broke out in the country in April. Sudan officially exported 34.5 t of gold worth over $2-billion last year. Mubarak Ardol, general-director of the Sudanese Mineral Resources Limited, has confirmed that official exports have ground to a halt, while processing equipment has been damaged, and the headquarters of several gold companies looted. However, both the Sudanese army and Rapid Support Forces have also been accused of smuggling large amounts of illicit gold out of the country. Photograph: Bloomberg

Edited by Creamer Media Reporter

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