Gold
In September 2012, Sudanese President Omar al-Bashir opened the country’s first gold refinery and it is speculated to be one of the largest such constructions in Africa. The refinery will produce more than 328 tonnes of gold annually. Economic analysts say that the refinery is part of government’s strategy to make up for lost oil revenue after the South Sudan split of 2011.
The refinery will also be able to process silver and its opening should reduce the amount of gold and silver smuggled to other markets. According to Reuters, Sudan hopes to double its gold revenues this year to $3 billion. In August 2012, the finance ministry of Sudan said that the export of gold ore from Sudan would be prohibited once the refinery was opened.
Read more about this topic: Economy Of Sudan
Famous quotes containing the word gold:
“The fifth day of Christmas,
My true love sent to me
Five gold rings,”
—Unknown. The Twelve Days of Christmas (l. 19–21)
“He said there was gold here. He lied. He is not perfect.”
—Robert Bolt (1924–1995)
“We are educated in the grossest ignorance, and no art omitted to stifle our natural reason; if some few get above their nurses’ instructions, our knowledge must rest concealed and be as useless to the world as gold in the mine.”
—Mary Wortley, Lady Montagu (1689–1762)