In a move to improve the quality of its rising gold exports, Sudan opened its first gold refinery on Wednesday September 19th, 2012. The refinery is said to be the first of its kind in Sudan and the second in Africa for producing and extracting gold and silver with high quality and purity. The government hopes the exports from the new refinery will help to assuage the economic hardships the country has been facing since the secession of South Sudan in July last year.
The new refinery in the capital Khartoum is expected to produce gold to international standards and reduce the amount of gold smuggled to overseas markets. At the opening ceremony Mohamed Osman al-Zubeir the head of the new refinery said the refinery will have a daily production capacity of 900kg of gold and 200kg of silver, this more than doubles the previous forecast for the refinery’s annual gold capacity from 150 tonnes to 328 tonnes.
Sudan hopes to sell gold worth up to $3 billion this year, this estimate is double last year’s gold revenue.