Ardol: Gold revenues accounted for 44% of Sudan’s total exports

The Director General of the Sudanese Mineral Resources Company Ltd., Mubarak Abd al-Rahman Ardol, described the policies and legislation followed in the mineral sector in Sudan as successful, and said that they contributed to a great and clear extent in achieving stability in the exchange rate, and the occurrence of abundance in many strategic commodities, and Ardol revealed in his answer to an important question about where does gold exports go. During an interjection at a political symposium in the capital of North Kordofan state, El-Obeid, he revealed that gold had achieved $1.6 billion, or 44% of Sudan’s total exports for the past year, which amounted to $3.6 billion.
Ardol said that their efforts since taking over the reins of management in the Sudanese Mineral Resources Company about three years ago have focused on making a change in the policies and legislation regulating the mining sector, in terms of the fact that gold resources were not reflected in people’s lives, with a clear slippage in exchange rates and expansion of The black market for currencies, in addition to the daily rise in dollar prices, which had negative effects on production and producers, such as the sesame crop that produces “500” quintals, but its returns and export earnings remain low.
Ardol pointed out that the national economy benefits from gold twice, once with great returns by collecting the government’s share of the production that goes directly to the Ministry of Finance, while the remainder is exported, generates export earnings that are paid in advance by exporters.
The general manager of the Sudanese Mineral Resources Company Limited said that Sudan’s exports in the past year 2022 amounted to 3.6 billion dollars, gold revenues of which gold returns accounted for 1.6 billion dollars, while the value of all other Sudanese exports amounted to 2 billion dollars, explaining that gold constituted 44% of the total exports of Sudan. With total proceeds and revenues amounting to “1.6” billion dollars, stressing that these sums benefited the state in ensuring the provision of strategic commodities.