Mining Minister Abdelbaqi al-Jaylani expects that Sudan will earn $4 billion from mine exports this year. He added that if mined gold is not smuggled abroad, Sudan will be able to make up for oil revenue losses after the Independence of the South. Gold hit record prices of $1921 dollars per ounce, but is currently trading at about $1500 dollars per ounce.
High gold prices have sparked a rush for the precious metal in Sudan, with many impoverished people eyeing unimaginable riches.
� 2011 Al Bawaba (www.albawaba.com)
Source: http://www.albawaba.com/business/sudan-will-earn-4-billion-mine-exports-395333
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