Latest news with #SudaneseMineralResourcesCompany
Business Insider
3 days ago
- Business
- Business Insider
War-ravaged Sudan sets new gold production record with $1.57 billion in exports
Despite the devastating impact of ongoing conflict, Sudan's gold production has surged to a record high of 64 tonnes, a remarkable 53% increase from 41.8 tonnes in 2022. Sudan's gold production reached a record high of 64 tonnes in 2023, a significant 53% increase compared to 2022. The growth generated $1.57 billion in legal export revenue, providing vital support to Sudan's struggling economy. Despite the increase, issues such as smuggling and insecurity hinder full economic benefits from gold production. According to the Sudanese Mineral Resources Company (SMRC), this growth generated $1.57 billion in legal export revenue for the conflict-torn nation's struggling economy. SMRC director Mohamed Tahir Omer announced the figures during a media briefing in Cairo, Egypt. Notably, the surge comes amid the unending political rivalry between Sudan's army and the paramilitary Rapid Support Forces (RSF), which has crippled the economy and displaced over 12.5 million people since April 2023. Gold has been a vital source of foreign exchange and economic lifeline for Sudan as it battles some of its highest levels of inflation in history. Omer highlighted the sector's growth, noting that workforce capacity has expanded from 5% to 40%. He emphasized the mining sector's potential, stating, "The mining sector has the ability to lead the country towards recovery and economic renaissance. ' The Sudanese Mineral Resources Company has also projected gold production of 37 tonnes in the first half of 2025, which is expected to bring in 403 billion Sudanese pounds in government revenue. Smuggling, insecurity undermine Sudan's gold gains However, the country's ability to benefit from its mineral wealth is being undermined by persistent smuggling and territorial insecurity. According to SMRC's director, 'nearly half of the state's production is smuggled across borders.' Key mining sites along the borders of South Sudan and the Central African Republic are currently under RSF control, further complicating government oversight and revenue collection. Estimates by international watchdogs such as Chatham House and Swissaid indicate that Sudan's actual gold production could reach up to 80 tonnes annually, with a market value exceeding $6 billion. However, a significant portion of this gold is believed to be traded illegally, with revenues allegedly fuelling both sides of the ongoing civil war; even as the country grapples with the world's largest internal displacement crisis. The stark contrast between official revenues and potential earnings underscores the structural challenges Sudan faces in leveraging its mineral resources for national recovery. With the economy in turmoil and humanitarian needs going unmet, the fight to control gold revenues has become a defining factor in the country's fragile political and economic future.
Canada Standard
30-06-2025
- Business
- Canada Standard
Gold miners killed in pit collapse in war-torn Sudan
The state mining company had warned that operations at the site posed a high risk to life At least 11 miners have been killed and seven others injured in a partial gold mine collapse inwar-tornSudan's eastern Nile State, according to local officials. The incident occurred over the weekend at the Karsh al-Fil mine in the Houeid desert area, Sudanese Mineral Resources Company (SMRC), the state-owned mining corporation which is overseeing the project, said on Sunday. The injured have been hospitalized, SMRC noted in a statement issued after an emergency meeting was held in response to the collapse. The company added that it had previously halted excavation activities at the site and warned informal miners against continuing operations there due to the "high risk to lives." According to the latest World Gold Council data, Sudan ranks as Africa's fifth-largest gold producer, with a production volume of 73.8 tons in 2024. Roughly 85% of the country's output reportedly comes from artisanal mining. Gold mining accidents are common in the African state, particularly in remote desert regions where safety standards are allegedly minimal. In December 2021, at least 38 miners were killed when a disused mine collapsed in West Kordofan State, according to official reports. In April 2023, 14 died in a similar incident in Northern State. Sudan has been mired in a civil war since April 2023, when fighting broke out between the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF). Both groups have been accused of exploiting gold-rich regions to fund their operations. A report published by the Yale School of the Environment in March claims that gold smuggling and informal mining have increased in Sudan as a result of the ongoing armed conflict. The publication notes that threats of famine triggered by the fighting have pushed many civilians to engage in small-scale gold mining, where they risk their lives using toxic chemicals such as mercury and cyanide to extract the metal. (
Canada News.Net
30-06-2025
- Business
- Canada News.Net
Gold miners killed in pit collapse in war-torn Sudan
The state mining company had warned that operations at the site posed a high risk to life At least 11 miners have been killed and seven others injured in a partial gold mine collapse inwar-tornSudan's eastern Nile State, according to local officials. The incident occurred over the weekend at the Karsh al-Fil mine in the Houeid desert area, Sudanese Mineral Resources Company (SMRC), the state-owned mining corporation which is overseeing the project, said on Sunday. The injured have been hospitalized, SMRC noted in a statement issued after an emergency meeting was held in response to the collapse. The company added that it had previously halted excavation activities at the site and warned informal miners against continuing operations there due to the "high risk to lives." According to the latest World Gold Council data, Sudan ranks as Africa's fifth-largest gold producer, with a production volume of 73.8 tons in 2024. Roughly 85% of the country's output reportedly comes from artisanal mining. Gold mining accidents are common in the African state, particularly in remote desert regions where safety standards are allegedly minimal. In December 2021, at least 38 miners were killed when a disused mine collapsed in West Kordofan State, according to official reports. In April 2023, 14 died in a similar incident in Northern State. Sudan has been mired in a civil war since April 2023, when fighting broke out between the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF). Both groups have been accused of exploiting gold-rich regions to fund their operations. A report published by the Yale School of the Environment in March claims that gold smuggling and informal mining have increased in Sudan as a result of the ongoing armed conflict. The publication notes that threats of famine triggered by the fighting have pushed many civilians to engage in small-scale gold mining, where they risk their lives using toxic chemicals such as mercury and cyanide to extract the metal.
DW
29-06-2025
- Business
- DW
Sudan: Workers killed in gold mine collapse – DW – 06/29/2025
A state-owned mining company said it had warned against working the "artisanal" shaft in Sudan's northeast because of the "risk to life." Gold-mining has helped fund the brutal civil war that broke out in 2023. A least 11 miners were killed after a gold mine collapsed in Sudan, a state-owned mining company announced on Sunday. The Sudanese Mineral Resources Company (SMRC) said the collapse occurred in an "artisanal shaft in the Kirsh al-Fil mine" in the government-controlled area of Houeid over the weekend. Seven other workers were injured and taken to hospital, according to the company. Sudan is a major exporter of gold, but collapses at artisanal and small-scale mines are common due to poor safety standards. SMRC said it had previously suspended work in the mine that collapsed and "warned against its continuing activity due to its posing great risk to life." To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Sudan is in the midst of a brutal civil war between the military and a paramilitary called the Rapid Support Forces (RSF). Both sides' war efforts have largely been funded by gold mining since the fighting broke out in 2023. According to mining industry sources and experts, much of the gold extracted in Sudan is smuggled to neighboring Chad, South Sudan or Egypt before reaching the Untied Arab Emirates — the world's second-largest gold exporter. The UAE is widely accused of arming the RSF. Tens of thousands of people have been killed in the war and 13 million others have been displaced.
DW
29-06-2025
- Business
- DW
Sudan: Miners killed in gold mine collapse – DW – 06/29/2025
A state-owned mining company said it had warned against working the "artisanal" shaft in Sudan's northeast due to risk to life. Gold mining has helped fund Sudan's brutal civil war that broke out in 2023. A least 11 miners were killed after a gold mine collapsed in Sudan, a state-owned mining company said on Sunday. The Sudanese Mineral Resources Company (SMRC) said that the collapse occurred in an "artisanal shaft in the Kirsh al-Fil mine" in the government-controlled of Houeid over the weekend. Seven other workers were injured and taken to hospital, the company said. Sudan is a major exporter of gold, but collapses at artisanal and small-scale mines are common due to poor safety standards. SMRC said it had previously suspended work in the mine that collapsed and "warned against its continuing activity due to its posing great risk to life." To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Sudan is in the midst of a brutal civil war between the military and a paramilitary called the Rapid Support Forces (RSF). Both sides' war efforts have largely been funded by gold mining since the fighting broke out in 2023. According to mining industry sources and experts, much of the gold extracted in Sudan is smuggled to neighboring Chad, South Sudan or Egypt before reaching the Untied Arab Emirates — the world's second-largest gold exporter. The UAE is widely accused of arming the RSF. Tens of thousands of people have been killed in the war and 13 million others have been displaced.
