• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, October 24, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Gold Surge Offers Lifeline For Sudan’s Fragile Economy

Lawrence Ankutseby Lawrence Ankutse
July 18, 2025
Reading Time: 4 mins read
Lawrence Ankutseby Lawrence Ankutse
in Africa
0
Gold Surge Offers Lifeline For Sudan’s Fragile Economy

Sudan’s total gold production could be as high as 80 tonnes annually, with a potential market value exceeding $6 billion.

Sudan’s gold industry is experiencing a significant boom, providing a crucial financial cushion for the war-torn nation even as conflict rips through its social and economic fabric. 

According to new figures from the state-owned Sudanese Mineral Resources Company (SMRC), the country’s legal gold production surged to 64 tonnes in 2024, a 53% increase from 41.8 tonnes recorded in 2022. This dramatic rise translated into $1.57 billion in export revenue for the embattled state.

SMRC Director Mohamed Tahir Omer made the announcement during a meeting held in Cairo. The revelation is significant, given the catastrophic effects of the ongoing 27-month war between the Sudanese army and the paramilitary Rapid Support Forces (RSF), which has hollowed out the national economy.

RelatedPosts

Madagascar Swears In Colonel Michael Randrianirina As President

State Funeral Held For Kenya’s Raila Odinga

Military Leader To Be Sworn In As Madagascar’s President

Gold has emerged as a central pillar of survival for the Sudanese government, offering perhaps the only viable source of foreign currency in an environment of economic collapse. The SMRC projects that the first half of 2025 alone will yield an additional 37 tonnes of gold, which is expected to generate 403 billion Sudanese pounds in state revenue.

“The mining sector has the ability to lead the country towards recovery and economic renaissance,” said Omer. He added that despite the war, sector productivity has risen, with workforce participation jumping from 5% to 40% of capacity.

However, the positive outlook is undercut by persistent and large-scale smuggling that deprives the state of massive revenues. SMRC Director Mohamed Tahir highlighted the scale of the problem, stating that “nearly half of the state’s production is smuggled across borders.”

ADVERTISEMENT

According to industry insiders, several major gold-producing mines, especially those located near Sudan’s porous borders with South Sudan and the Central African Republic, remain under the control of the RSF. This effectively means that a portion of the country’s mineral wealth is being diverted to fund one of the very factions contributing to its destabilization.

International estimates indicate that Sudan’s total gold production could be as high as 80 tonnes annually, with a potential market value exceeding $6 billion. However, much of this gold, experts believe, escapes official channels. A report by Chatham House, a UK-based think tank, and Swissaid, a Swiss advocacy group, underscores that the bulk of Sudan’s gold is traded illicitly, with revenues often being funneled back to both government and rebel forces.

Smuggling Still Undermines State Revenues

The discrepancy between estimated production and recorded legal revenues starkly reveals the government’s inability to capture the full value of its mineral wealth. The lack of control over mining operations in conflict areas has turned gold from a potential engine of recovery into both a lifeline and a liability.

Sudan’s broader economic condition remains dire. Since the beginning of the war in April 2023, more than 12 million people have been displaced. The United Nations warns that the country teeters on the edge of famine, with humanitarian needs soaring amid ongoing violence.

The Sudan case reflects a wider African trend where mineral abundance often correlates with prolonged conflict. In regions such as the eastern Democratic Republic of Congo (DRC), the interplay between mineral wealth and warfare has become entrenched. Armed groups in the DRC routinely exploit gold, coltan, and cobalt mines, either by taxing artisanal miners or seizing control of extraction sites outright. This pattern has fueled cycles of violence, with studies suggesting that as much as 25% of conflict during mineral booms can be traced back to mining-linked tensions.

Gold Surge Offers Lifeline For Sudan’s Fragile Economy
A mine in Congo

Global demand for minerals, especially those critical to electronics and green technologies, has only intensified the competition for control. Certification schemes and international efforts to stem the flow of “conflict minerals” have made modest progress, but vast quantities still bypass regulation and continue to finance armed movements.

Observers caution that unless local communities see tangible benefits from these resources, Africa’s mineral wealth may remain more of a curse than a blessing. “The challenge is ensuring that mineral prosperity uplifts rather than undermines peace and development,” one analyst noted.

For Sudan, the question is whether its booming gold sector can help pull the nation from the brink or deepen the fissures that threaten its very survival.

READ ALSO: Mahama, London Mayor Deepen Ghana-UK City Partnership

Tags: African mining industryConflict Mineralsmineral smugglingRapid Support ForcesSudan gold production
Please login to join discussion
Previous Post

Mahama, London Mayor Deepen Ghana-UK City Partnership

Next Post

Cellphone Internet Shutdowns Spread Across Russia

Subscription Form

Related Posts

Madagascar Swears In Colonel Michael Randrianirina As President
Africa

Madagascar Swears In Colonel Michael Randrianirina As President

October 17, 2025
Kenyan opposition leader Raila Odinga.
Africa

State Funeral Held For Kenya’s Raila Odinga

October 17, 2025
Military Leader To Be Sworn In As Madagascar’s President
Africa

Military Leader To Be Sworn In As Madagascar’s President

October 17, 2025
Kenyan opposition leader Raila Odinga.
Africa

Kenya’s Raila Odinga Dies Of Heart Attack

October 15, 2025
Rajoelina Dissolves Madagascar’s National Assembly
Africa

Rajoelina Dissolves Madagascar’s National Assembly

October 16, 2025
Cameroon Goes To The Polls
Africa

Cameroon Goes To The Polls

October 13, 2025
President John Dramani Mahama
General News

President Mahama Introduces Major Reforms to Strengthen Disability Rights

by Silas Kafui AssemOctober 24, 2025
President John Dramani Mahama
General News

Ghana Rollout Free Tertiary Education for PWDs, Mahama Calls it a Landmark for Social Justice

by evansjrOctober 24, 2025
Focus on Building Party Unity, Not Open Endorsements – Buckman Chides Minority MPs
General News

Focus on Building Party Unity, Not Open Endorsements – Buckman Chides Minority MPs

by Emmanuel Tibila BoasahOctober 24, 2025
Goldbod
Extractives/Energy

CLGB Commends GoldBod for Transforming Ghana’s Small-Scale Mining Sector 

by Prince AgyapongOctober 24, 2025
Ghana’s Total Credit Plummets 39% Year-on-Year to GH¢8.6bn in August 2025
Banking

Ghana’s Total Credit Plummets 39% Year-on-Year to GH¢8.6bn in August 2025

by M.COctober 24, 2025
US Evacuates Personnel From Middle East
USA

Hegseth Announces Another US Strike On Alleged Drug Boat In Caribbean

by Comfort AmpomaaOctober 24, 2025
President John Dramani Mahama
President John Dramani Mahama
Focus on Building Party Unity, Not Open Endorsements – Buckman Chides Minority MPs
Goldbod
Ghana’s Total Credit Plummets 39% Year-on-Year to GH¢8.6bn in August 2025
US Evacuates Personnel From Middle East

Recent News

President John Dramani Mahama

President Mahama Introduces Major Reforms to Strengthen Disability Rights

October 24, 2025
President John Dramani Mahama

Ghana Rollout Free Tertiary Education for PWDs, Mahama Calls it a Landmark for Social Justice

October 24, 2025
Focus on Building Party Unity, Not Open Endorsements – Buckman Chides Minority MPs

Focus on Building Party Unity, Not Open Endorsements – Buckman Chides Minority MPs

October 24, 2025
Goldbod

CLGB Commends GoldBod for Transforming Ghana’s Small-Scale Mining Sector 

October 24, 2025
Ghana’s Total Credit Plummets 39% Year-on-Year to GH¢8.6bn in August 2025

Ghana’s Total Credit Plummets 39% Year-on-Year to GH¢8.6bn in August 2025

October 24, 2025
US Evacuates Personnel From Middle East

Hegseth Announces Another US Strike On Alleged Drug Boat In Caribbean

October 24, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address