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Civil War-Torn Sudan Sits On Unexplored Mineral Riches Worth Billions

From oilprice.com

Long dominated by its agricultural and oil sectors, Sudan is now keen to unlock its vast mineral wealth as Africa's third-largest, and the world's thirteenth-largest, nation in terms of mineral diversity. Sudan is a major African gold producer, with the sector becoming a crucial source of foreign exchange following the loss of 75% of its oil revenue after the secession of South Sudan in 2011. However, ~75% of its resources remain unexplored, with deposits of copper, iron ore, chromite, zinc, base metals, uranium and various rare earth elements largely untouched. Now, in the throes of a civil war that erupted in April ... (full story)

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  • Category: Fundamental Analysis