Gold
In September 2012, Sudanese President Omar al-Bashir opened the country’s first gold refinery and it is speculated to be one of the largest such constructions in Africa. The refinery will produce more than 328 tonnes of gold annually. Economic analysts say that the refinery is part of government’s strategy to make up for lost oil revenue after the South Sudan split of 2011.
The refinery will also be able to process silver and its opening should reduce the amount of gold and silver smuggled to other markets. According to Reuters, Sudan hopes to double its gold revenues this year to $3 billion. In August 2012, the finance ministry of Sudan said that the export of gold ore from Sudan would be prohibited once the refinery was opened.
Read more about this topic: Economy Of Sudan
Famous quotes containing the word gold:
“John Brown of Ossawattamie
Who died to set Abstraction free
Stole Washington’s gold-handled sword
Less for the gold than for the Lord....”
—Allen Tate (1899–1979)
“When you have eaten your fill and have built fine houses and live in them, and when your herds and flocks have multiplied, and your silver and gold is multiplied, and all that you have is multiplied, then do not exalt yourself, forgetting the LORD your God, who brought you out of the land of Egypt, out of the house of slavery...”
—Bible: Hebrew, Deuteronomy 8:12-14.
“There is, of course, a gold mine or a buried treasure on every mortgaged homestead. Whether the farmer ever digs for it or not, it is there, haunting his daydreams when the burden of debt is most unbearable.”
—Fawn M. Brodie (1915–1981)