What could a gold rush mean for Sudan?

“Lots of European banks are under pressure to have nothing to do with Sudan,” says Hugh Stuart, CEO of Orca Gold, a Canadian company that is one of the few to have taken the plunge. “It does take us a while to work out how best to transfer money there. read more

If Sudan has gold reserves and is sensible, it will nationalize gold production and instead of simply spending the money, use it to build a sovereign wealth fund that can improve the lives and secure the future of its people over the long term. This is what Norway did with its North Sea oil money. It did not allow private individuals to profit. read more

Looking to woo international investors and mining giants, the government has recently issued press releases touting Sudan’s ambition to become the third largest gold producer on the continent, behind South Africa and Ghana. read more