Bank of Sudan continues to purchase traditional mining gold by encouraging prices

The first meeting of the Council of Gold, chaired by the Minister of Minerals, Kamal Abdul-Latif, stated that it is important that the Bank of Sudan shall continue to purchase the traditional mining gold at the encouraging prices via the direct windows. The Council of Gold also praised the coordinative meeting between the security organs, the Bank of Sudan and the concerned authorities. The meeting has discussed the policies for supporting the gold production and other minerals, besides a paper on the traditional mining and means of providing services, establishing mines, the chemical treatments and the burning methods. The Minister of Minerals said that the decision of the Council came in the framework of the ministry’s endeavor to increase the amount of the produced gold to contribute to the national income and to coordinate all efforts to organize the gold value as a rare economic metal, rationalize its consumption, organize its trade in the markets, drawing up maps for the gold policies and to resolve a number of related environmental phenomena. He indicated that the Council of Gold has appointed an official for approval of the regulations for the control of the mining process, implementation of measures to maintain the environmental balance at the mining areas and to set up strict measures to reduce chances of gold smuggling.