Sudanese mining sector looks forward to more Chinese investment

RELEASE TIME:2017-01-09 18:38:35

Sudan Minister of Mining Ahmed Kalouli Jan. 4 in Khartoum held the first China-Sudan Mining Exchange Conference, said the Soviet Union mining sector is looking forward to more Chinese investment. Kalu Li said that Sudan is rich in mineral resources, there are currently more than 360 foreign companies in the Soviet Union for mining cooperation. Chinese enterprises have a mature investment experience, the Sudan is willing to invest in China's mining sector to provide convenience and security.

Chinese Ambassador to Sudan Li Lianhe said at the meeting that China will continue to adhere to the development of the Soviet Union in the mining sector cooperation strategy, focus on improving the Soviet Union's self-development capacity and human resources training.

On the same day, stakeholders from the two countries' mining industry jointly discussed the current situation of bilateral mining cooperation, the challenges and solutions encountered by Chinese enterprises in the Soviet Union and the future direction of cooperation between the two sides.

It is understood that a total of 22 Chinese-funded enterprises in the Soviet Union to invest in business, the amount of investment accumulated more than 100 million US dollars.

After the independence of South Sudan in 2011, the Sudanese oil revenues decreased significantly, the national economic development model into the adjustment phase, the Government have introduced a number of incentives to invest in mining and other fields policies and regulations. Preliminary statistics from the Sudan Ministry of Mines show that by 2016 the country's gold production will reach 100 tonnes.