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Sudan Hopes to Earn $2.5 Billion from 50 Tonne Gold Production
Nov. 27, 2012 10:34AM PST
Precious Metals InvestingReuters reported that Sudan hopes to produce 50 tonnes of gold this year, earning $2.5 billion, as they try to diversify revenues away from oil.
Reuters reported that Sudan hopes to produce 50 tonnes of gold this year, earning $2.5 billion, as they try to diversify revenues away from oil.
As quoted in the market report:
Sudan is boosting production of gold and other minerals to gain new sources of state income and of foreign currency needed to fund imports. Output of 50 tonnes could potentially make it Africa’s third largest gold miner behind South Africa and Ghana, and push it into the top 15 producers globally.
