By Zak Rose* | IDN-InDepth NewsAnalysis
DETROIT (IDN) – The gold output of Sudan was 41 tonnes in 2012 – compared with 220 tonnes from the continent’s largest exporter, South Africa – and export levels will likely experience modest growth over the immediate short term. However, owing to recent government promotion and foreign investment from major mineral companies, some official estimates have predicted a spike in Sudan’s gold exports within the next five years.
Government interest in the gold industry stems from a desire to balance against decreasing oil revenues. When South Sudan seceded in 2011, it took roughly 75% of Sudan’s oil wealth with it. And while informal gold mining has long been a part of the Sudanese economy – between 500,000 and 750,000 artisanal gold prospectors are active in Sudan – it has only been since the separation of South Sudan that the government has begun to focus on a capital-intensive expansion of the gold sector.