Dubai-based Kaloti Jewellery Int'l, one of the world's largest gold refiners, denies it paid out over $5 billion in cash for gold from African war zones.
Violence is focused on the troubled Darfur region.
Country's mining minister said it would increase its output from 42 tonnes last year.
Gold has become a key commodity for Sudan since the oil-rich south seceded nearly two years ago.
The joint effort, unveiled in November, restores a mutual agreement signed in 1974, which gives the nations shared rights to exploit the Red Sea’s $8 billion worth of minerals.
The Arab states of Sudan and Saudi Arabia unveiled Tuesday plans to start mining for gold, copper, silver and other riches along the Red Sea basin between the two countries as early as 2014.
South Sudan, the world's newest nation, has announced plans to enact a mining law by the end of October, pushing ahead exploration and expansion in the likely mineral rich, but unexplored country, helping it to diversify its economy away from oil.
Pharaoh Gold Mines NL, Centamin's wholly-owned subsidiary, signed gold exploration contracts with Oman, Saudi Arabia, Ethiopia and Sudan.
The most deep-pocketed shopper among the 150 or so boutiques in Khartoum’s gold district is the Sudanese central bank.
Drill results confirm the presence of a significant VMS lens below the Oderuk pit, with similar geological characteristics to those of the Hassaï South VMS deposit.
In 2011, La Mancha made headlines within the investment community by demonstrating, through a DFS and increased resources, our potential to quickly grow into an intermediate gold producer.
As a means of compensating for lost oil revenues following secession of South Sudan, Sudan has exported some $400 million worth of gold already this year.
Reuters reports Sudan said on Sunday it expects its mining industry to produce around 7 tonnes of gold in 2011 and it plans to launch a gold refinery next year to improve the quality of its much extensive larger small-entrepreneur output. Sudan is trying to boost output of gold and other minerals to compensate for the loss of much of its oil production of 500,000 barrels a day when South Sudan became independent in July.
By Ulf Laessing HASSAI GOLD MINE, Sudan (Reuters) – Sudan plans to double gold production at its main mine run together with Canada's La Mancha Resources LMA.TO within around two to three years and launch a copper production by 2015 or later, company
Nuinsco Resources Ltd. (TSX:NWI) announced Monday it has an option agreement to acquire an 85 per cent interest in UAE Gold, which owns the J. Tobar concession in northeastern Sudan.
La Mancha Resources reports that a fire partially damaged two electrowinning cells at its Hassaï mine, in Northeast Sudan, over the weekend.
Although the site is continuing its normal mining and crushing activities, gold production will be partially impacted over the next few weeks until the two electrowinning cells have been replaced.
Hopeful prospectors and artisanal miners are searching remote areas of Sudan's desert for a chance at riches but, the government is beginning to get in on the act as well.
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