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๐Ÿ‡ช๐Ÿ‡ฌ Egypt /Economy & Trade

Petroleum Ministry refutes online reports on gold mining investment deals in Sudan

From Egypt Independent · () English

Summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Sudan's Ministry of Petroleum and Mineral Resources denied reports of signed investment deals for 108 gold mines.
  • The ministry stated that reports circulating on social media are false and groundless.
  • It emphasized that all mining agreements are announced through official channels to ensure transparency.

Sudan's Ministry of Petroleum and Mineral Resources has categorically denied social media reports claiming the signing of investment agreements for 108 gold and precious metals mines. The ministry issued a statement on Friday refuting the claims, which were attributed to Minister of Petroleum and Mineral Resources Karim Badawi and spread on unofficial social media pages originating outside the country.

The ministry clarified that the minister made no such statements to Egyptian Radio and that no official announcements regarding these alleged deals have been released by the ministry or its affiliated entities. It stressed its commitment to transparency, stating that all projects, agreements, and contracts related to petroleum and mining activities are officially announced through the ministryโ€™s designated channels.

Furthermore, the ministry highlighted that developing Sudan's mining industry and increasing its contribution to GDP is a government priority. The sector is currently undergoing reforms to foster a more attractive and competitive investment environment. The ministry affirmed its intention to pursue legal action against those responsible for disseminating false information attributed to it or its officials.

DistantNews Editorial

Originally published by Egypt Independent. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.