Sudan and Turkey sign deal to mine for gold and other minerals

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A source at the Sudanese petroleum ministry said Sudan has signed an agreement which will allow Turkey’s Mineral Research and Exploration General Directorate (MTA), mine for gold and other minerals in Sudan’s Red Sea state.

The agreement between Sudan’s Geological Authority, which falls under the petroleum ministry, and MTA allows two “square” areas in the Red Sea state to be mined.

According to a state news Agency, SUNA, the Sudanese state minister for petroleum, Awad Dahia expressed hope that the deal will benefit Sudan economically, noting that the deal is the first for MTA outside of Turkey in the field of minerals.

Since the south of the country seceded in 2011, taking with it three-quarters of its oil output, Sudan’s economy has been struggling. The country devalued its currency in October 2018 after government tasked a body of banks and money changers with setting the exchange rate on a daily basis.

The new system is part of the government’s measures to tackle an economic crisis and an acute shortage of foreign currency.

 

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