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Saturday, 31 March 2018

SIMFE 2018 .. Huge Investment Opportunities

Khartoum – The 3rd Annual Sudan International Mining Business Forum and Exhibition kicked-off yesterday

with that participation of more than 95 international and 30 local companies.  On top of the local companies is IRIAB Mining Company which is the strategic partner of the event. More than 1500 experts and scientists in mining sector participated in the event.
The event was addressed by the Presidential Aide, Major General Abdul Rahman Al-Sadiq Al-Mahdi who emphasized the importance of promoting the mining sector.
According to Minister of Minerals, Prof. Hashim Ali Salim, the SIMFE 2018 is participated by more than 20 countries a matter that represents a good opportunity for Sudan to present its minerals wealth for the participating companies and to discuss the joint cooperation to upgrade this sector.
ARIAB (The Strategic Partner), General Manager, Nasr Addin Al-Hussein said that the SIMFE is one of biggest mining investment forums, adding that his company is working for tens of years between Sudan and France, adding that his company is the first that produced gold.
He revealed the increase of gold production in Sudan to 3 million tons.
He added that they have huge reserve internationally.
According to the Minister of Minerals, Prof. Hashim Ali Salim the SIMFE aims at boosting the bilateral relations with the international companies through its participation in the forum and exhibition, adding that the new investment encouragement act is very attractive to the foreign investors.
On mapping, the Minister said that they are working out a plan to complete the mapping in all the states as soon as possible.
On Uranium, Prof. Salim said that the investment is not yet open pending coordination with the security institutions through certain conditions.
There are three Canadian companies which express desire to invest in mining sector in Sudan and the alternatives of the mercury.
This round witnessed the participation of the United State Geological Survey for the first time.
It is worth noting that the SIMFE will continue for three days.