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:
“In our daily intercourse with men, our nobler faculties are dormant and suffered to rust. None will pay us the compliment to expect nobleness from us. Though we have gold to give, they demand only copper.”
—Henry David Thoreau (1817–1862)
“Not the gold that fastens your sandal,
nor the gold reft
through your chiselled locks
is as gold as this last year’s leaf.”
—Hilda Doolittle (1886–1961)
“Whatever is gold does not glitter. A gentle radiance belongs to the noblest metal.”
—Friedrich Nietzsche (1844–1900)