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Written by Reuters
Thursday, 15 October 2009 20:45
KHARTOUM, Sept 15 - A Moroccan mining company has won contracts to search for gold in two mineral-rich areas of Sudan, state media reported on Monday.
Morocco's Managem (MNG.CS) signed exploration agreements covering territory in Wadi-Gigiya in Sudan's Red Sea State and Al-Sharif in River Nile State, said the state Suna news agency.
Gold has been mined in Sudan for thousands of years, since the days of its ancient Nubian civilisation.
But the government says it still has large untapped reserves, left untouched thanks to under development and years of conflict.
Managem's chairman Abdul-Aziz Abaru told Suna the company would spend $3 million setting up the mining operation.
Suna said the agreement with Sudan's Ministry of Energy and Mining covered one area in River Nile state and one in Red Sea State, home of much of Sudan's existing gold mining activity.
Managem is a subsidiary of Moroccan conglomerate ONA (ONA.CS).
Written by Reuters
Thursday, 15 October 2009 20:45
KHARTOUM, Sept 15 - A Moroccan mining company has won contracts to search for gold in two mineral-rich areas of Sudan, state media reported on Monday.
Morocco's Managem (MNG.CS) signed exploration agreements covering territory in Wadi-Gigiya in Sudan's Red Sea State and Al-Sharif in River Nile State, said the state Suna news agency.
Gold has been mined in Sudan for thousands of years, since the days of its ancient Nubian civilisation.
But the government says it still has large untapped reserves, left untouched thanks to under development and years of conflict.
Managem's chairman Abdul-Aziz Abaru told Suna the company would spend $3 million setting up the mining operation.
Suna said the agreement with Sudan's Ministry of Energy and Mining covered one area in River Nile state and one in Red Sea State, home of much of Sudan's existing gold mining activity.
Managem is a subsidiary of Moroccan conglomerate ONA (ONA.CS).