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FINANCIAL NEWS
Sudan’s CB imposes embargo on crude gold exports
14 Dec 2012
(MENAFN) The Central Bank of Sudan stated that staring next month, exports of crude gold are barred, urging firms operating in the industry to obey the new law, reported Xinhua News citing Al-Sudani daily.
The bank said that gold marketing activities in the country will continue through the establishment of a gold bourse, adding that the growth in acquiring and exporting refined gold from the national mining sector will carry on.
It noted that Khartoum’s gold exports are forecasted to surpass 50 tons on annual basis.
The bank said that firms working in the field of gold mining must follow the regulation of exporting gold after purifying it at Khartoum Gold Refinery.
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